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The Latest Breaking News on Real Estate

How extreme weather and costs of housing and insurance trap some households in a vicious cycle

Climate change is increasing the risk of extreme weather events for Australian households. Floods and bushfires are becoming more likely and severe. As a result, household insurance costs are soaring – tripling in some cases. High-risk areas might even become uninsurable.

The Conversation

Budget 2024: Rayner and Reeves in standoff over funds for social housebuilding

Exclusive: Housing secretary wants billions more to meet new-homes target but chancellor is set to limit spending

The Guardian - UK

Just one in 20 rental homes in London are affordable to low-income households, new research reveals

The analysis also found the capital's rental sector has shrunk significantly

Evening Standard

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Reeves to leave capital gains tax on property untouched, reports say

Fears among landlords and second home owners that tax would rise in budget said to be unfounded

The Guardian - UK

Vietnamese real estate tycoon found guilty of billions in fraud in government graft crackdown

A Vietnamese real estate tycoon has been convicted of fraudulently obtaining property worth billions of dollars in a case that has been a centerpiece of the government’s crackdown on corruption

The Independent UK

Inside the £2.2m beach mansion that has sparked a political backlash against Australia’s PM

Anthony Albanese bought luxury property just as his government was preparing to roll out an affordable housing plan to address country’s housing crisis

The Independent UK

Afternoon Update: Labor rules out negative gearing changes; fans mourn Liam Payne; and the bid to bring back the thylacine

Pressure had been mounting on the government after Anthony Albanese’s purchase of a $4.3m property

The Guardian - AU

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Jamie Dornan's guide to London: River Cafe feasts with Stanley Tucci and his favourite spot in Richmond

Held at knifepoint by his landlord, terrible experiences with cabbies and feasts with famous pals. Actor Jamie Dornan shares his favourite London stories

Evening Standard

Stock market today: Asian shares are mostly higher after strong earnings boost stocks on Wall St

Shares are mostly higher in Asia after U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies

The Independent UK

Labor rules out changing negative gearing or capital gains tax despite backlash to Albanese’s $4.3m cliffside house

Some government MPs called for a rethink amid concerns about Copacabana purchase ahead of election expected to be fought over housing

The Guardian - AU

How can Australia make housing affordable for essential workers? Here are 4 key lessons from overseas

Essential workers such as teachers, health workers and community safety staff play a vital role in ensuring our society works well. Yet soaring housing costs in cities like Sydney, Melbourne and Brisbane are squeezing essential workers out of the communities they serve.

The Conversation

China To Boost Credit For Property Market, Renovate 1 Mn Homes

China said Thursday it would boost the credit available to the ailing property market and help renovate a million homes as it unveiled another round of measures to shore up the sector and try to reignite the economy.

International Business Times

Asian Markets Rally, With Eyes On China Housing Briefing

Asian markets rose Thursday as Chinese investors waded back ahead of a briefing in Beijing by the country's housing minister that fanned hopes for more measures to support the ailing property sector.

International Business Times

'Limited evidence' rate hikes passed on to renters: RBA

Only a small fraction of higher interest costs are directly passed from indebted landlord to renter, fresh Reserve Bank of Australia research has found.

AAP

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The Independent UK

Search for missing Texas realtor and mom-of-four hones in on landfill site – as chilling phone call revealed

Suzanne Clark Simpson’s mom said her daughter called her just one hour before she disappeared and confided that her husband had physically abused her

AAP

NZ zoning overhaul touted as solution to housing mess

Inspired by overseas examples, business groups have called for changes to zoning laws and co-operative funding models to help solve housing supply issues.

The Independent UK

‘Modern-day Moses’ behind massive church scam accused of rebranding as a ‘life coach’ to run Ponzi scheme

Exclusive: Convicted con artist Lindani “Daniel” Mangena was previously sentenced to seven years behind bars for bilking at least 1,000 parishioners

Evening Standard

Tenants 'at risk' in London borough given lowest ever Government rating for 'very serious' housing failings

A damning report found Newham council’s housing stock had ‘very serious health and safety issues’

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news in one place.

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Sports Illustrated

Fans Loved Taco Bell’s Hilarious Fake Property Listing After Davante Adams Trade

This was the perfect tweet.

The Guardian - UK

UK landlords rush to sell amid fears of capital gains tax rise in budget

Rightmove says record 18% of homes for sale in September had previously been rented out

The Guardian - AU

Albanese’s $4.3m home purchase could increase pressure to change property tax laws, Labor MPs suggest

Prime minister says he is focused on solving the housing crisis but the opposition has accused him of being out of touch with voters

The Independent UK

Australia's prime minister is criticized for buying a waterfront home during a housing crisis

Australian Prime Minister Anthony Albanese is being criticized for buying a multimillion dollar waterfront home during a national housing crisis with federal elections only months away

AAP

Financial regulations are 'punishing' first homebuyers

Overbearing financial requirements placed are worsening housing equity by making it harder for first homebuyers to access mortgages and benefiting investors.

The Independent UK

Average rent across the UK reaches record high

Rightmove said the average number of inquiries per rental property is down

AAP

PM focused on affordable housing despite home furore

Anthony Albanese says he's committed to increasing affordable housing, despite copping flak for buying a $4.3 million beach house with sweeping ocean views.

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