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The Latest Breaking News on Real Estate

Sydney’s largest public housing estate is being redeveloped, but not all these homes need to be demolished

The New South Wales government is forging ahead with renewal of the state’s largest public housing estate. Developer Stockland and three community housing providers are contracted to deliver the first stage nearly a decade after it was announced. Some 749 homes are to be demolished and replaced with more than…

The Conversation

RBA downplays role of government spending in stoking inflation

Governor Michele Bullock cites consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory

The Guardian - AU

CFMEU law delay prompts building sector warning

Housing groups have warned setbacks to passing laws placing the CFMEU into administration would only place further pressure on the sector.

AAP

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Government has 'no plans whatsoever' to give Sadiq Khan rent control powers

The mayor has called for rent controls in London since 2019 - but has been repeatedly refused

Evening Standard

Pakistan’s military arrests three former officers amid spy chief probe

The latest arrests are linked to investigations against former ISI chief Faiz Hameed, who faces a court-martial.

Al Jazeera

‘Big shock’: Thailand faces political upheaval as PM removed from office

Thailand’s constitutional court made its second bombshell ruling in a week as it ousted Prime Minister Srettha Thavisin.

Al Jazeera

Scorching Heat Magnifies Housing Crunch For Hong Kong's Elderly

Even with two electric fans whirring, retired janitor Chun Loi was sweating profusely in her windowless, one-room flat that swelters during Hong Kong's humid summer.

International Business Times

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More than a third of landlords raised rents to match local properties – report

About 60% of landlords increased the rent on at least one of their properties over the past year, a survey by the TDS Charitable Foundation found.

The Independent UK

Wear and tear keeps rents lower over time: report

Properties tend to command a lower rent as they age and new homes with modern features come online, a leading economic think tank says.

AAP

Rioters jailed for ‘utterly terrifying’ attack on Rotherham asylum hotel

Trevor Lloyd was jailed for three years after filming himself storming a Holiday Inn housing asylum seekers

The Independent UK

Sadiq Khan scheme built just 71 affordable homes in three months and needs to start 22,000 more to hit 2026 target

Tories acuse London mayor of ‘unacceptably low’ levels of affordable housebuilding in capital

The Independent UK

Redfin CEO Says If Mortgage Rates Don't Fall, Plan B Is To 'Drink Own Urine Or Competitors Blood'

During Redfin's Q2 earnings call, CEO Glenn Kelman said he is surprised about the muted real estate market activity despite mortgage rates consistently declining in recent months.

International Business Times UK

‘We know how criminals operate': Inside the security secrets of the super rich

Following a spree of sophisticated targeted robberies against celebrities and footballers, the super-rich are getting nervous. Meet the man making their homes secure

Evening Standard

Ayr couple claim neighbouring flat has been used as 'pop-up brothel'

An Ayr couple claim a ‘pop up brothel’ took over a neighbouring flat … days after it was granted a short term let licence.

The National (Scotland)

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Al Jazeera

Thai court orders dismissal of Prime Minister Srettha Thavisin

Srettha becomes the fourth Thai prime minister in 16 years to be removed by the kingdom’s Constitutional Court.

Evening Standard

London borough may have to send homeless to Scunthorpe as rents rocket

Redbridge says there are simply are not enough affordable homes in the borough for locals

The Guardian - UK

Planning changed Britain for the better in the postwar years – and it can do the same now

Labour’s proposals for reform are a start, but we need the system to be more ambitious, more imaginative and more proactive, says writer Phineas Harper

International Business Times UK

'We Refuse To Be House Poor!': Couple With $250K Income Struggle To Buy Budget Home, Is 30% Rule Realistic?

A Portland couple earning $250K annually struggles to find an affordable home while avoiding becoming "house poor," highlighting the growing challenge of following the outdated 30% income rule amid rising housing costs.

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Caixin Global

Country Garden Services Expects 30% Profit Drop as Property Downturn Drags On

Property managers’ slight increase in first half revenue is accompanied by a significant drop in net profits

Evening Standard

Tories demand Labour Government put Sadiq Khan in 'special measures' over affordable housing

Slow progress on the mayor’s affordable homes programme has been blamed by his team on “the disastrous inheritance from the last Government”

Evening Standard

Halifax and Nationwide cut mortgage rates once again as price war gathers pace

Cheaper home loans expected to fuel a bouyant property market in the autumn

The Guardian - UK

‘I’ve met seven housing ministers, one of them twice’: the head of Homes England on the battle to build

In the light of Labour’s ambitious housing programme, Peter Denton, the man charged with getting residential projects started for the private sector, has his work cut out

The Independent UK

Largest UK housing association fined for failing to fix child’s bedroom window for four years

The severely delayed repair led to parts of home developing mould, housing watchdog says

Newcastle Herald

Council rezones land to make room for more houses near Costco

The rezoning is expected to make way for more houses at Boolaroo.

The Conversation

Paul Keating takes on Nancy Pelosi, after she accused him of ‘ridiculous’ comment about Taiwan

Former prime minister Paul Keating has launched a war of words against veteran US Democratic politician Nancy Pelosi, after she accused him of making a “stupid” comment.

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