Sydney News: House prices in Harbor City fall at fastest rate in 40 years


That’s what you need to know this morning.

Rapid fall in property prices in Sydney

Declining buyer sentiment, rate hikes and rising inflation affect the auction market.(ABC News: Ian Cutmore)

House prices in Sydney have fallen 1.9% in the past month, the fastest rate of decline in 40 years.

Data from Corelogic also shows that Melbourne and Brisbane fell sharply as rapid interest rate hikes weighed on the market.

Data for the June quarter also shows auction clearance rates for Sydney have fallen.

“The latest results continue to highlight tougher selling conditions as interest rates rise and consumer sentiment remains low,” said Tim Lawless, director of research at CoreLogic.

Manly players boycott gay pride

A man standing and smiling in a colorful undershirt
Manly Sea Eagles player Reuben Garrick wears the shiny jersey. (Provided: Sea Eagles )

Several Manly players are planning to boycott Thursday night’s NRL game against the Sydney Roosters over the Sea Eagles’ decision to wear gay pride shirts.

The jersey, which launched yesterday, features a rainbow design replacing the strip’s white hoops.

But last night there were reports of players telling the club they were upset they weren’t consulted and wouldn’t wear it for cultural and religious reasons.

Club officials are due to speak at a press conference later today.

Beekeeper furious after being left in the dark

A field with white structures and a standing man
Beekeeper Alan Elks is furious at not being informed of the latest varroa detection.(Provided: Alan Elks)

A beekeeper near the latest varroa mite detection site on the NSW north coast says he is furious that he was not told of the case by any official source.

A 10 kilometer eradication zone has been established around Nana Glen, 25 kilometers inland from Coffs Harbour.

It is the 43rd detection of the deadly parasite in the state and is believed to be linked to the initial case in the Port of Newcastle last month.

Beekeeper Alan Elks said he discovered he was in the eradication zone from a fellow beekeeper and was shocked the Department of Primary Industries had not contacted him.

“It really sends a chill down your spine, it makes the hair on the back of your neck stand up, and [leaves] a bad taste in your mouth that no one has been told about anything and we’re right on target,” Mr Elks said.

Open chasms through Hunter

broken sinkhole
Chasms have opened up in the Hunter Valley as a result of flooding.(ABC News)

Dozens of sinkholes have opened up in the Hunter Valley community of Broke, three weeks after the town was inundated by floodwaters.

The holes, some the size of swimming pools, also pose a contamination problem after being filled with water from overflowing septic tanks.

Authorities have cordoned off the most dangerous areas and are assessing what can be done to repair the damage.

Broke resident Geoff Minnis has five large sinkholes on his property, two of which are under his house.

He lives in a trailer while his home is assessed, but he says the community is already mobilizing to ensure residents can rebuild.

Appeal for robbery

A man with a hood
The man was seen wearing a black hoodie.

Investigators are appealing for public assistance after a man allegedly threatened people with a knife in Marrickville.

Police said a man threatened three people and demanded their belongings at the intersection of Saywell Street and Shirley Street around 11pm on July 18.

At the same location, shortly after 9 p.m. three days later, a man armed with a knife threatened another man before fleeing with his belongings.

No injuries were reported.

Detectives have released a photo of a man they believe could help them with their investigation.

Police have asked anyone with information or dashcam footage of the incidents to contact Crime Stoppers.

The Council is invited to reject the development

State government departments are urging Wollondilly Council to reject a proposal to develop nearly 1,900 homes due to a potential threat to state and nation biosecurity.

Mulpha developers want to use rural land on Woodbridge Road in Menangle for low and medium density housing clusters.

The site is opposite the Elizabeth Macarthur Agricultural Institute, which is used by the Department of Primary Industries as the state’s disease diagnostic laboratory and has a role in emergency response measures and the disease surveillance.

The Department of Primary Industries and the Department of Planning warn that the proposal would create a land use conflict and have serious repercussions on the ability of the institute to operate effectively.

A report at tonight’s council meeting recommends that the project be rejected.


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