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The Latest Breaking News on Real Estate

Vast France building project sunk by sea level rise fears

An ambitious housing project in the northwestern French city of Caen has run aground over worries that rising waters driven by climate change could make the area unlivable within the century.

Radio France Internationale

Fifty pubs a month shut in first half of year in England and Wales, figures show

Number of pubs open fell to 39,096 by end of June and experts say tax rises in 2025 could result in more closures

The Guardian - UK

Greens may bristle at comparison but their RBA interest rate cut ultimatum is Trumpist

No government institution is entirely at arm’s length, but an intervention by Jim Chalmers would likely be calamitous

The Guardian - AU

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Labor, expert lash 'crazy' call to step in over rates

Calls for Canberra to intervene with the Reserve Bank to lower interest rates to get financial reforms over the line have been rejected by Labor.

AAP

Morning Mail: developer political donations ban ‘failing’, Hezbollah and Israel on the brink, rare night parrots found in desert

Developer-linked political donation rules ‘failing’; world leaders urge Hezbollah and Israel to de-escalate

The Guardian - AU

Squatters target multi-million dollar mansion in LA creating an eyesore for wealthy neighbors

City council member said owner is ‘in egregious violation of the law’

The Independent UK

Angela Rayner hints at major social housing announcement

Deputy prime minister tells Labour conference she expects chancellor to make promise on building at spending review

The Guardian - UK

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Renters still can't keep up, despite more supports

Despite an increase in government supports, low-income earners would still find themselves in rental stress across most of the country, a report has found.

AAP

Nimby name-calling will not solve Britain’s housing crisis

Letters: Hazel Davies says the problem is one of affordability and accessibility, not actual physical supply; Helena Forsyth says the focus should be on underoccupied and empty homes. Plus a letter from Prof Jem Poster

The Guardian - UK

Developer-linked donors give more than $500,000 to LNP and Labor amid warnings of ‘failing’ ban

Queensland political donations laws have not stopped money flowing from companies linked to the industry into parties’ election campaigns, Guardian investigation finds

The Guardian - AU

Why News Corp’s realestate.com.au can put fees ‘up and up and up’, according to ex-CEO

Simon Baker says REA Group’s property portal is viewed ‘jealously’ by others around the world because the home-sellers pay the bills

The Guardian - AU

On interest rates, once again Labor is in a half-negotiation, half-cage fight with the Greens

Australia’s curious mix of moderating inflation, weak growth but strong employment means we should prepare for more differences of opinion

The Guardian - AU

Matt lives in an affluent Brisbane suburb but can only afford one meal a day. A new report shows he’s not alone

Australians on the lowest incomes have been priced out of renting in almost every part of the country, Everybody’s Home finds

The Guardian - AU

For home shoppers, the Fed’s big cut is likely just a small step towards affording a home

The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come

The Independent UK

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The Guardian - UK

‘Affordable’ shared-ownership homes cost residents more than half their wages

Many people now feel trapped despite major provider’s guidance that mortgage, rent and service charges should not exceed 40% of take-home pay

AAP

Reserve Bank to hold the line despite US Fed cut

The Reserve Bank is unlikely to give interest rate relief to borrowers at the September meeting as Australia's inflation rate still has fight left in it.

The Independent UK

Angela Rayner will pledge decent, safe homes for all in Labour conference speech

Deputy prime minister Angela Rayner will open Labour’s first party conference in power for 15 years on Sunday

Evening Standard

Rayner to announce new measures to protect renters from mould and fire hazards at Labour Party conference

Angela Rayner will announce a series of measures to protect renters from fire safety defects, damp and mould, and drive up housing standards in her speech at Labour Party conference.

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news in one place.

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The Guardian - UK

‘Planning passports’ that automatically approve high-quality new homes will be a game-changer, says Keir Starmer

Labour wants to see apartment blocks built in more densely populated cities to achieve its housing targets

The Guardian - AU

Why has Australia fallen so short on housing targets – and how can it get out of the crisis?

Amid rising costs and a lack of productivity in the construction sector, some say relaxing building standards could help. But others aren’t convinced

StockNews.com

3 REITs With Over 5% Dividend Yields for Passive Income

Investing in real estate, especially REITs is beneficial now due to their high yields and stability in times of economic uncertainty. Therefore, it could be wise to explore investments in robust REITs with over 5% dividend yield, such as Gaming and Leisure Properties (GLPI), VICI Properties (VICI), and Ladder Capital…

AAP

Rate cut delay bolsters case for experts on RBA board

The RBA's gradualist approach to tackling inflation has left it lagging the world on rate cuts and should make it reconsider its strategy, economists say.

Al Jazeera

How a Bangladesh minister spent more than $500m on luxury property

Undercover sting reveals how the politician bought hundreds of overseas homes on a $13,000-a-year salary.

The Guardian - AU

‘Stop doing dumb stuff,’ economist warns as housing affordability in Australia slips

Saul Eslake says decades of ‘bad policies’ have inflated demand as report finds about 20% of households effectively ‘locked out’ of the market

The Guardian - AU

Housing stoush ramps up as Labor accuses Greens MPs of opposing Brisbane projects

Bill Shorten accuses Greens of ‘unholy alliance’ with Coalition to delay government’s Help to Buy scheme

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