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The Latest Breaking News on Real Estate

RBA likely to hold rates as price pressures loiter

The Reserve Bank of Australia is expected to hold interest rates at 4.35 per cent and keep its options open on its next move.

AAP

Victoria’s premier unveils new housing targets for construction of 2.5m new homes by 2051

Jacinta Allan reveals Geelong will be set highest target for new homes, with City of Melbourne and Melton second and third

The Guardian - AU

Housing to be at the centre of NSW budget, with more homes for those in need

Treasurer Daniel Mookhey foreshadows more money for social and affordable housing while lamenting drop in state’s GST share

The Guardian - AU

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Louise was evicted so her landlord could move in. A year later, the house remains empty

As thousands of Australian properties remain vacant, advocates say more must be done to fill empty dwellings – and the task shouldn’t fall solely to renters

The Guardian - AU

Development red tape cut in NSW budget housing plan

Homes will be built quicker and more efficiently under a NSW budget plan that will cut red tape, drawing praise from developer groups and housing advocates.

AAP

Family says Scientology officials prevented woman from seeking mental health treatment before she took her life

The lawsuit claims Mills requested a special auditing session to prepare for her spirit to ‘drop’ her body

The Independent UK

Sadiq Khan criticised by statistics watchdog over house-building claims

The mayor is said to have used phrasing which ‘could be misinterpreted by the average person’ when describing his record on affordable homes

Evening Standard

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How can first-time buyers get ahead in the tough property market?

Property and mortgage experts offer their tips to cash-strapped would-be homeowners.

The Independent UK

Mayfield off-market sale delivers $1.8 million result

The median house price in Mayfield is $860,882.

Newcastle Herald

London buildings still wrapped in Grenfell-style cladding seven years on from the disaster

There are still 42 residential buildings in London with the same type of cladding as Grenfell where ‘remediation’ is incomplete

Evening Standard

China Waits Anxiously For Economic Plan As Gloom Reigns

Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with the country's ambitions.

International Business Times

City Hall could overturn council's decision to refuse 449 new homes in Tooting 'village'

It has been argued that the sale of the land to build the homes would unlock crucial funding for new facilities at Tolworth Hospital

Evening Standard

Home prices in three cities are outpacing their peers

Australia's housing market is made up of laggards and leaders in home price growth and the gap is expected to linger in the coming months.

AAP

General election 2024: How do the party manifestos address the housing crisis?

All the housing pledges made in the Labour, Conservative, and Liberal Democrats for homeowners, renters and first-time buyers

Evening Standard

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The Independent UK

General election 2024: Labour and the Conservatives’s plans to tackle the housing crisis in full

A guide to the main parties’ manifesto promises on housing

The Conversation

Cities with empty commercial space and housing shortages are converting office buildings into apartments – here’s what they’re learning

It took a global pandemic to convince American businesses that their employees could work productively from home, or a favorite coffee shop. Post-COVID-19, employers are struggling to find the right balance of in-office and remote work. However, hybrid work is likely here to stay, at least for a segment of…

Evening Standard

Crest Nicholson shares plunge amid latest warning for housebuilders

The business made a loss in the first half and warned of weak demand for the months ahead

The Independent UK

Labour pledges to ‘get Britain building again’

The Labour manifesto document said the party ‘will not be afraid to make full use of intervention powers to build the houses we need’.

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Kiplinger

Citizenship by Investment: The Shift From Passive to Active Investments

Today, we’re seeing CBI programs pivot away from the types of passive investment options that spurred their popularity.

Top News

Menendez Trial: Senator's Alleged Attempt To Influence Prosecution

Senator Bob Menendez's bribery trial reveals attempts to influence criminal cases involving businessmen and his wife, with allegations of bribery in gold b...

The Conversation

Prefabs and the ‘missing middle’: how to get Australia back on track to build 1.2 million homes in the next 5 years

The National Cabinet set an ambitious target of building 1.2 million well-located homes over the next five years to tackle Australia’s housing crisis. The focus of the National Housing Accord is on complementary development that improves existing neighbourhoods. This includes infill development on vacant or underutilised land in established urban…

The Independent UK

New Jersey's top federal prosecutor testifies for government in Sen. Bob Menendez prosecution

New Jersey's top federal prosecutor says Sen. Bob Menendez sought to discuss the prosecution of a New Jersey real estate developer with him before recommending him to be nominated as U.S. attorney after Joe Biden won the 2020 presidential election

AAP

All eyes on LNP leader as election cards laid on table

Opposition leader David Crisafulli has made a pre-election pitch focusing on housing but has vowed to scrap a controversial energy project.

The Independent UK

NYC considers ending broker fees for tenants, angering real estate industry

A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real estate industry

The Independent UK

It could take San Francisco 18 years to recover from flood of empty office space after tenants fled the city

Layoffs, hybrid work polices and a slow economy have contributed to the city’s vacancy problem

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