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The Latest Breaking News on Real Estate

Spotlight on RBA after concerning inflation data

No change in the official cash rate is expected this week, with the Reserve Bank's reaction to a stronger inflation print the main point of interest.

AAP

Capacity crunch: why the UK doesn’t have the power to solve the housing crisis

Our inadequate electricity network is stopping the building of thousands of new homes. And the necessary move to low-carbon heating and cars is only increasing demand

The Guardian - UK

Should the Bank of England cut interest rates with Britain’s economy in bloom?

The UK is expected to come out of recession, but it would be wise not to expect a reduction any time soon

The Guardian - UK

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read the most diverse news in one place.

Cubitts Mercer Street in New York is a moody ‘treasure box’ of depth and drama

Cubitts Mercer Street opens in New York to a concept by London-based studio Tutto Bene, offering sleek details and moody design

Wallpaper

Former Newcastle United legend named manager of recently relegated non-league club

The 49-year-old spent eight years at St. James' Park, scoring 48 goals

FourFourTwo

What kinds of property crime are on the rise?

The national property crime rate increased in 2022, driven by rising larceny and motor vehicle theft rates.

USAFacts

Homeless women and children offered car park to sleep in through NSW pilot program

NSW homelessness minister acknowledges program is direct response to housing crisis but says ‘it’s not acceptable this is what we have come to’ for those fleeing domestic violence

The Guardian - AU

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Residents to continue fighting demolition of Melbourne public housing towers despite court setback

Pledge comes after Victoria’s supreme court dismisses residents’ class action against government, saying it has ‘no real prospect of success’

The Guardian - AU

Second chance for tower residents after case dismissed

A judge has dismissed class action by Melbourne public housing tower residents against the Victorian government, but will allow them to reframe their case.

AAP

Morning Mail: housing crisis to worsen, ads to tackle misogyny, Stella winner announced

Government expert council warns on supply shortfall in first state of the market report; parents to urged to check children’s online viewing habits

The Guardian - AU

London house hunter hotspots: can you guess the trendy areas where would-be buyers can't get enough?

Three wildly different areas, some beloved by celebs, have seen buyer enquiries double

Evening Standard

Silicon Roundabout is still the spiritual home of London tech 15 years on

Rents for good quality space around the Old Street’s tech cluster have increased by 70% in the last 15 years

Evening Standard

Australia’s housing crisis to worsen with ‘significant shortfall in supply’, Labor’s expert council says

Report predicts numerous factors, including migration, mean housing affordability and inequality, will continue to deteriorate

The Guardian - AU

OECD forecasts will be blow to Sunak’s claims UK economy is improving

UK’s growth will be least in G7 by 2025, OECD expects, as low business investment and multiple pressures bear down

The Guardian - UK

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Evening Standard

‘I bought my three-bedroom shared ownership home aged 25 with only a £13,250 deposit’

Teacher Farhana Mallick bought a shared ownership home in the Royal Docks, at the centre of a £2bn regeneration zone.

AAP

Dozens arrested as clearing continues at sensitive site

Protesters have been arrested in their dozens in Darwin as land clearing continues at Lee Point where defence housing is set to be built.

The Guardian - UK

‘I am moving – that is it’: tycoon speaks out about the end of non-dom tax status

Entrepreneur Bassim Haidar says ending the break is self-defeating as total UK tax take will fall amid an exodus of the super-rich

Kiplinger

Renting Is Cheaper Than Buying in All 50 States. How Does Your City Compare?

Renting is cheaper than buying, according to a new Bankrate survey. In 21 U.S. metros, the monthly cost of owning is at least 50% more expensive than the monthly cost of renting.

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news in one place.

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Evening Standard

Housing activists urge London mayor to save Clockwork Orange estate

Residents on Lesnes estate in Thamesmead are resisting plans for their homes to be demolished

Evening Standard

UK house prices now sit 4 per cent below all-time high as first-time buyers struggle to get on the ladder

The building society said the typical property value fell for the second month in a row in April.

Kiplinger

How Non-Traded REITs Could Give Your Roth IRA a Boost

In addition to increasing the diversity of your portfolio, adding a non-traded REIT within your Roth IRA allows the resulting dividends to grow tax-free.

The Guardian - UK

UK house prices fall unexpectedly for second month in a row

Nationwide blames April slowdown on ‘affordability pressures’ on back of high mortgage rates

The Guardian - AU

Akiya houses: why Japan has nine million empty homes

New figures show nearly 14% of all houses in Japan are empty – but this real estate glut is attracting growing interest from foreigners

Evening Standard

Spike in no-fault evictions behind 'shocking' record-breaking number of households made homeless

More families than ever are threatened with homelessness as the Renters Reform Bill

Evening Standard

Duke of Westminster's Grosvenor Group pays £51.1m in dividends despite £28.6m loss

Revaluations of property, especially in San Francisco, hit Grosvenor’s bottom line

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