Sydney news: Harbor City house prices fall by fastest rate in 40 years

Sydney news: Harbor City house prices fall by fastest rate in 40 years

This is what you need to know this morning.

Rapid drop in Sydney house prices

Weaker buyer sentiment, rate hikes and rising inflation are affecting the auction market.(ABC News: Ian Cutmore)

Sydney house prices have slipped 1.9 per cent over the past month which is the fastest rate of decline in 40 years.

Corelogic data also shows Melbourne and Brisbane dropped sharply as rapid interest rate hikes took a toll on the market.

The data for the June quarter also shows auction clearance rates for Sydney tumbled.

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

Manly players gay pride boycott

A man standing and smiling in a colorful sweater
Manly Sea Eagles player Reuben Garrick models the bright jersey. (Supplied: Sea Eagles )

Several Manly players are understood to be planning to boycott Thursday night’s NRL match against the Sydney Roosters over the Sea Eagles’ decision to wear a gay pride jersey.

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

But reports emerged last night of players telling the club they were upset at not being consulted and they would not wear it on cultural and religious grounds.

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

Beekeeper furious after being left in dark

A field with white structures and a man standing
Beekeeper Alan Elks is furious he has not been told about the latest varroa mite detection.(Supplied: Alan Elks)

A beekeeper near the latest varroa mite detection site on the NSW North Coast says he is furious he has not been notified of the case by any official sources.

A 10-kilometre eradication zone has been established around Nana Glen, 25km 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.

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

“It really really sends a chill down your spine, it stands the hair up in the back of your neck, and [leaves] a bad taste in your mouth that nobody’s been notified of anything and we’re right in the hotspot of it all,” Mr Elks said.

Sinkholes open across Hunter

broken sinkhole
Sinkholes have opened up across the Hunter Valley following flooding.(abcnews)

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

The holes, some the size of swimming pools, are also posing a contamination concern after filling 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, including two under his house.

He is living in a caravan while his home is assessed but he says the community is already rallying to ensure residents can rebuild.

Appeal over robbery

A man with a hood
The man was seen wearing a black hooded jumper.

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

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

At the same location, just after 9pm three days later, a man armed with a knife threatened another man before fleeing the scene with his personal belongings.

No injuries were reported.

Detectives have released a picture of a man they believe can help with their investigation.

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

Council urged to reject development

State government departments are urging Wollondilly Council to reject a development proposal for almost 1,900 homes because of a potential threat to the state and nation’s biosecurity.

Developers Mulpha want to use rural land on Woodbridge Road at 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 to play in emergency response measures and disease surveillance.

The Department of Primary Industries and the Planning Department are warning the proposal would create a land-use conflict and severely impact the institute’s ability to function effectively.

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

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