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The Latest Breaking News on Real Estate

Read This Before You Sign a Letter of Intent

An older couple received a letter of intent, or LOI, about land a solar company wanted to lease, but it exhibited some valuable-to-know red flags.

Kiplinger

Rents are high and housing vouchers are hard to get. So Philly is giving renters cash

The pilot program chose people on the city's long waitlist for housing vouchers to test how much direct cash payments can help. HUD, the federal housing agency, is interested in the possibility.

WEKU

Afternoon Update: interest rates hold steady; Rowland defends ABC independence; and how the democracy sausage is made

RBA keeps cash rate at 4.35% but Michele Bullock says she is still ‘worried about inflation’ and will not rule out further rises

The Guardian - AU

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RBA holds interest rate but Michele Bullock warns war on inflation ‘isn’t yet won’

Governor says Australia is ‘making progress’ but too early to say when Reserve Bank will end tightening

The Guardian - AU

Developers eye church site in New Lambton listed with $2 million-plus guide

The property spans 1,763 square metres across three lots.

Newcastle Herald

Keir Starmer shies away from some of Sadiq Khan's key policies but backs mayor for a third term

The Labour leader refused to explicitly endorse the mayor’s Ulez expansion, and suggested that he would not allow rent controls in London

Evening Standard

$13.5m affordable housing plan floated for bustling Brunker Road

The building would house 25 units.

Newcastle Herald

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Eight-Year-Old Australian Girl Shatters Records By Buying $440k Home

Instead of buying toys, Ruby McLellan’s father encouraged her to allocate her pocket money towards a pricier investment. The post Eight-Year-Old Australian Girl Shatters Records By Buying $440k Home first appeared on Bored Panda.

Bored Panda

Reserve Bank tipped to hold interest rate but economists split on when cuts will start

Pundits and investors expect the RBA to leave its cash rate unchanged at 4.35% when the board meets on Tuesday

The Guardian - AU

Michael Gove 'directs' Sadiq Khan to partially review London Plan in bust-up over new homes for the city

The Cabinet minister announced £500,000 of specialist planning support to help the building of 7,200 more homes in Greenwich and Newham

Evening Standard

Why some Texas cities are getting rid of their minimum parking rules

Most cities require homes and businesses to have parking. Critics say they drive up housing costs, foster car dependency and raise carbon emissions.

The Texas Tribune

New on Netflix: 5 movies and shows to watch this week (March 18-24)

All the brand new Netflix shows and movies you'll find on the streaming platform this week, including '3 Body Problem'

Tom’s Guide

London house prices rise 5.6 per cent in some boroughs – how does yours compare?

Demand for property in London is higher than anywhere in the country currently, reports Rightmove

Evening Standard

Contempt plea against ‘Savukku’ Shankar | Madras High Court directs him to submit explanation

Madras High Court orders notice to 'Savukku' Shankar for contempt of court petition by G Square real estate firm.

The Hindu

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The Guardian - AU

Icac clears NSW planning official Katie Joyner of corruption over $3.8m home buy on Sydney’s north shore

Watchdog drops inquiry after Liberal MP alleges under parliamentary privilege that official used insider information of rezoning

The Guardian - UK

Sadiq Khan promises 40,000 new London council homes if he wins third term

Mayor says May election will be ‘closest ever’ and says the contest is ‘once in a generation’ chance to tackle city’s housing crisis

AAP

Senior planning official cleared of corruption claims

A NSW Liberal MP is being urged to apologise to a planning official cleared by the corruption watchdog after claims she tried to cash in on a housing overhaul.

Newcastle Herald

Investor snaps up Hunter Street home of speakeasy bar Coal and Cedar

The building was last sold in 2012 for $325,000.

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news in one place.

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The Guardian - UK

UK house prices rise by 1.5% in biggest increase for 10 months

Data from property website Rightmove finds average asking price has reached almost £370,000

Newcastle Herald

Packed meeting voices concern about manufactured home estates

The meeting was about two proposed estates in the city's west.

AAP

Voters open-minded on investor tax break reform

One in five voters want negative gearing and the capital gains tax discount to stay the same, while three in five are open to reforming the tax settings.

The Guardian - UK

Church of England accused of ‘acting like a loan shark’ over vicar’s widow falling £313,000 in debt

A church mortgage supposed to help clergy buy their own home has turned into a huge burden for a woman who paid interest for almost 29 years

AAP

Cash rate likely on hold in 'straightforward' call

No change in interest rates is expected when the Reserve Bank meets this week and the case to hike further will likely be discussed despite a weak economy.

The Guardian - UK

Creatives are leaving London, and for the first time I understand why

Facing sky-high costs, it’s no wonder that struggling artists are opting for cities like Glasgow

The Hindu

New firms bought crores of electoral bonds within months of formation

Newly incorporated firms in Chennai and Hyderabad bought electoral bonds worth crores of rupees within one to three years of starting operations.

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