The Loop: Swimmer Emma McKeon makes history, more space junk in NSW, and cycling accidents at Commonwealth Games
Hi, over there. He Monday, August 1st, and you’re reading The Loop, today’s news summary. One thing to know: Australian house prices are falling, and fast A new report from analytics firm CoreLogic has found that house prices in Australia are down at the fastest pace since the global financial crisis in 2008 and market conditions are “likely to worsen” as interest rates continue to rise. Data showed the country’s median property value fell 2 percent since early May to $747,182 (including homes and apartments). But the numbers vary depending on the location, so here’s a breakdown of what’s happening in the big cities: Property prices in Sydney, Melbourne and Hobart fell sharply in July. ( Core Logic ) Economists expect Australian house prices to fall between 12 and 20 percent after recently hitting record highs. Today we heard a lot about China’s influence in the Solomon Islands Big investigation by Four Corners has revealed details of how money from Beijing has helped keep the con