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The Latest Breaking News on Real Estate

What is pattern book development and how can it help ease the housing crisis?

Australian cities are grappling with ways to increase housing supply and make it more affordable. One suggested solution is “pattern book” development. The idea made headlines when proposed recently by Housing Now, an alliance of businesses and lobby groups in New South Wales.

The Conversation

Australian shares take a dive after days of gains

The local share market dropped 0.5 per cent, closing lower for just the second time out of the past 10 sessions.

AAP

Cost of living relief under consideration for new year

Australians on low and middle incomes could be in for further relief as the Albanese government considers how it can help households under strain.

AAP

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UK's most expensive streets 2023: west London dominates with house prices 72 times national average

The most expensive street in London had average house prices more than £10 million higher than the next priciest region

Evening Standard

Justice Department sues Texas developer accused of luring Hispanic homebuyers into predatory loans

The Justice Department has filed its first predatory mortgage lending case against a Texas developer accused of luring tens of thousands of Hispanic homebuyers into “bait and switch” sales through platforms like TikTok

The Independent UK

Home sellers across Newcastle and Lake Macquarie make $548 million profit

Homeowners in Newcastle gained a median profit of $350,000.

Newcastle Herald

Havering Council on 'brink of bankruptcy' after being 'shortchanged' by Government

Council leader Roy Morgon warns that an increase in funding is a 'mere drop in the ocean'

Evening Standard

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Private sector will pay for HS2 Euston tunnel, Transport Secretary Mark Harper insists

The National Infrastructure Commission warns that developers will not pay for the tunnelling works

Evening Standard

UK council tenant’s death could have been due to mouldy home, doctors say

Jane Bennett, 52, died from lung disease after identifying severe mould in her home as coroner demands action from council

The Guardian - UK

Feds sue Colony Ridge developer, accusing it of preying on Latino homebuyers

Federal authorities accused the Houston-area developer of targeting Latino home buyers with predatory loans and false promises. The housing development drew the attention of state lawmakers after right-wing publications claimed it is a magnet for undocumented immigrants.

The Texas Tribune

US Home Sales Edge Up In November But Still Gloomy

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity.

International Business Times

Home sales snapped a five-month skid in November as easing mortgage rates encouraged homebuyers

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers

The Independent UK

Quarter of London’s rough sleepers are now ex renters as costs soar

Around 100 evicted tenants now end up on the capital’s streets every month

Evening Standard

Homeless man who built £300 shed under Battersea Bridge says: 'I'm living the dream'

Shahoo Amini, 43, tells the Standard he feels 'lucky' to have riverside views

Evening Standard

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The Guardian - UK

Cost of private renting in UK rising faster than ever, says ONS

Data is sign tenants failing to benefit from fall in inflation and lower house prices

The Independent UK

Bank of England under pressure to cut interest rates after surprise inflation fall

Labour say more than a million people face higher mortgage payments ‘after the Conservatives crashed the economy’

Evening Standard

Interest rates could be cut by March, City markets predict

But the Bank of England has been warning that rates may stay higher for longer than traders hope

Chicago Sun-Times

City's migrant shelter program needs overhaul after 5-year-old’s death

The mayor and his staff must demand and get answers regarding what happened in Pilsen — and bear the responsibility for fixing the entire migrant settlement effort.

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The Independent UK

Brexit pain could be eased for Brits with homes in France under new law

Exclusive: UK citizens with residences in France may be granted an automatic long-stay visa

Evening Standard

London rents: 2023 rise was highest since records began, ONS data shows

Londoners spent one third of the total of UK private renting costs this year

The National (Scotland)

Kate Forbes highlights 'brutal' impact of Westminster cuts on Scottish Budget

FORMER finance secretary Kate Forbes has said the UK Government’s cuts to Scotland’s budget are “brutal” amid fears over whether a key…

Evening Standard

More than £16,000 slashed from the value of the average London home says Land Registry

Prices slumped in October after a long succession of interest rate hikes

Evening Standard

Shepherds Bush Market owners given green light for major redevelopment plans

But dozens of traders are opposed to the plans fearing higher rents

The Independent UK

UK inflation falls by more than anticipated to 2-year low of 3.9% in November

Inflation in the U.K. as measured by the consumer prices index has eased back to its lowest level in more than two years

Caixin Global

Country Garden Affiliated Property Manager Writes Down $576 Million

Share price plunges 11.5% as leading property manager’s profits are hit by prolonged debt crisis among developers

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