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Property prices across the country are expected to fall by another 5 percent before the year ends, a new report estimates. A mid-year report by market analyst PropTrack predicts average property prices nationwide will fall between 2 percent and 5 percent by the end of December. By the end of next year, they are expected to fall even further, potentially by as much as another 10 percent. Watch the latest News on Channel 7 or stream for free on 7plus >> Cameron Kusher, director of economic research and author of the PropTrack report, said the research highlights a rapidly changing housing market. “While there are already signs that the pace of price growth slowed earlier this year, we do not expect interest rates to rise until early 2023,” he said. “Since the inflation outbreak, which resulted in the Reserve Bank (RBA) raising interest rates in each of the three months through July 2022.” Property prices across the country are expected to fall by another 5 percent before the year

When Paulette Flint grew up in central Queensland in the 1960s, Ward Soft Drink and Eco-Friendly Factory was much more than a local institution. Key points: Wards Cordial Factory was an iconic Gladstone institution from the 1920s to 1980s The factory was closed due to high inflation and globalization in the 80s and the building was turned into a car rental agency Now the old factory will return to its original purpose, brewing various kinds of drinks “It was a treat,” he said. “We only get soft drinks at Christmas time or on special occasions. “We used to go to the factory and buy a box of soft drinks, which was 12 big bottles and you were allowed to choose different flavours. “Rockhampton has a brand, Brisbane has a brand, but Gladstone has a Ward’s. It’s ours and we think it’s the best ever.” Gladstone may be known today as an industrial hub, but before the industrial boom of the ’60s, it was one of the city’s leading companies. Ward’s also has factories in Biloela and Cracow and shi

It’s official: a high-performance version of the Hyundai Ioniq 5 is on its way, and is coming to Australia. 0 See 9 pictures Above: How the Hyundai Ioniq 5 N looks, imagined by Theophilus Chin. It 2024 Hyundai Ioniq N The high-performance electric SUV will hit Australian showrooms in 2024 after its global launch in 2023 has been confirmed – and will likely be the first Hyundai to carry a price tag of more than $100,000. Confirmation of the Ioniq 5 N comes at the Busan motor show in South Korea, alongside the world debut of the ‘streamliner’ Ioniq 6 sedan, Hyundai’s second built on Hyundai’s Global Electric Modular Platform (E-GMP), shared with Kia. The Ioniq 5 N is based on the Ioniq 5 five-door crossover that goes on sale in Australia in 2021, but Australians will have to wait until 2024 to sample the EV N’s performance potential locally. “We are very pleased to confirm the Ioniq 5 N is coming to Australia,” said Hyundai Australia spokesman Guido Schenken. “N cars resonate strongly

Home prices are expected to rebound within a year in Australia’s smaller capital as Sydney and Melbourne’s values ​​plunged into double digits. The Reserve Bank of Australia is widely expected to continue raising interest rates in 2022 and early 2023 to tackle worst inflation in two decades, with more pain expected in August. Simon Pressley, founder and managing director of buyer agency Propertyology, said this would likely cause home prices in Sydney and Melbourne to fall by as much as 15 per cent by the middle of next year. ‘The days of high tide that lift all ships are sure to end,’ he said. ‘Weaker fundamentals in Sydney and Melbourne could potentially result in a 10 to 15 per cent drop in house prices from January 2022 to June 2023.’ Mr Pressley said the 2022 downturn in Australia’s two largest cities had echoes of 2017, when banking regulators tightened rules on interest-only and investor-only lending. This time around, Sydney and Melbourne are more vulnerable as falling immigrat

Get ready to travel back into the universe earlier this week as scientists prepare to reveal the most detailed snapshot ever taken of our cosmos. One of the first full-color images released from the new James Webb Space Telescope (JWST) promises to catapult us further into the past than we’ve ever seen before. Load “We will give humanity a new view of the cosmos,” said NASA administrator Bill Nelson. The image, which will reveal some of the earliest galaxies and stars that formed after the Big Bang 13.8 billion years ago, is one of four to be released at 12:30 a.m. (AEST) on Wednesday. “What I’ve seen has moved me as a scientist, as an engineer, as a human being,” said NASA deputy administrator Pam Melroy. Along with the deepest views of the universe, other images the team promised to blow our heads include: The spectacular dust cloud known as the Carina Nebula, the birthplace of stars A group of colliding galaxies called Stephan’s Quintet A large gas bubble known as the Southern Ring

Mars explorers may have to dig deeper for signs of ancient life. New research shows that certain protein-building amino acids that could be evidence of ancient life on Earth Mars more susceptible to radiation than scientists thought, meaning any amino acids left behind by life forms might only survive if they were buried deep beneath the planet’s surface. “Our results show that amino acids are destroyed by cosmic rays in Martian surface rock and regolith at a much faster rate than previously thought,” Alexander Pavlov, a space scientist at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, said in a statement. statement . “Current Mars rover missions are drilling to about two inches (about five centimeters). At that depth, it would take only 20 million years to completely destroy the amino acids.” Related: Possible sign of Martian life? Curiosity rover finds ‘tantalizing’ Red Planet organics While 20 million years may seem like a very long time, it is a brief period in the

With all states on school holidays starting tomorrow, people traveling to see relatives or fleeing to warmer climates can expect to see delays at airports. Key points: Adelaide Airport is expected to pass 30,000 people today Travelers are advised to arrive two hours before domestic flights and three hours before international flights Dozens of flights have been canceled due to weather disturbances and staff shortages Today is expected to be the busiest day at some airports since the start of the COVID-19 pandemic, with school holidays starting in South Australia and Tasmania — and ending in Queensland and Victoria. NSW is in the middle of its school holidays. At Adelaide Airport, 30,000 people are expected to pass through the terminal today, which is busier than before the pandemic and higher than previous peaks over Easter. The airport’s managing director, Brenton Cox, said Monday and Thursday are also expected to be busy, peaking on July 22 – the last Friday of the South Australian s