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The Latest Breaking News on Real Estate

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines

The Independent UK

$600 a week for a room: the 10 most expensive suburbs for share housing are in Sydney, survey finds

Flatmates.com.au survey also reveals the rental crisis is pushing older Australians into share accomodation in greater numbers

The Guardian - AU

There are no self-help books for moving in with your parents in middle age, but there should be

At 43, Claire Mulcahy realised she could no longer afford to live alone. Living with her mother was not the life trajectory she expected but it has come with its own opportunities

The Guardian - AU

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‘I was like 500th on the list’: life inside Britain’s affordable housing crisis

It is now near impossible for some people to find a home in their area, as councils across the UK declare a housing emergency

The Guardian - UK

London MSG Sphere site should be used for affordable housing, say campaigners

Las Vegas-style arena was blocked by London mayor Sadiq Khan

Evening Standard

Stock market today: Asian shares trading mixed after Wall Street rally led by Microsoft gains

Asian shares are trading mixed after a rally on Wall Street that was led by gains in Microsoft after it announced it was hiring Sam Altman, former CEO of OpenAI, the ChatGPT maker

The Independent UK

Less homes coming up for sale in Newcastle

'The Newcastle and Maitland region has seen fairly modest value growth'.

Newcastle Herald

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November interest rate rise was needed to avoid risk of larger future increases, RBA says

Minutes of the November meeting show the RBA board believed the risk of inflation continuing above target was too high to keep rates on hold

The Guardian - AU

Buying in London: the 10 most affordable boroughs for homebuyers in 2023

New research has pinpointed the most affordable places to buy in London, where two people on average local salaries would need to borrow at the lowest income-to-house price ratio

Evening Standard

Subdued 2024 for property as rate pain hits home

A mixed year is expected for Australian property markets, with SQM Research expecting strong growth in Brisbane and Perth but weaker performance elsewhere.

AAP

RBA homes in on domestic demand in inflation fight

The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.

AAP

Efforts to make offices more eco-friendly help boost London office development sector

A number of firms looking to make more eco-friendly workspaces has helped contribute to London office development roaring back, the findings of a new study suggest.

Evening Standard

Record noise complaints over weekend 'party flats' in London

Westminster council is receiving an 'unprecedented' 30 complaints a week from residents living in Soho, Covent Garden, Hyde Park, Marylebone, and Lancaster Gate

Evening Standard

Rent at Jeremy Hunt's luxury flat rockets by 18 per cent amid housing crisis

RENT at a luxury flat owned by Jeremy Hunt soared by 18 per cent while he urged people not to ask for pay rises, it has emerged.

The National (Scotland)

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Newcastle Herald

Bargain buy draws epic bidding battle at Edgeworth auction

'It was a bit of a cat and mouse game.'

Newcastle Herald

Two-bedder in North Lambton draws 18 bidders and record sale

One hopeful buyer put in a $25,000 bid as the price escalated.

AAP

Lack of homes near jobs, schools driving inequality

A failure to increase density in NSW has left the state worse off when it comes to housing stock and affordability, the treasurer says.

The Guardian - UK

UK needs more lab space if it wants to be science superpower, ministers told

Leading property firms also call for more tax breaks and improved transport links to hubs ahead of autumn statement

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Newcastle Herald

Dunmore House listed with $4.5 million guide in Bolwarra Heights

The property dates back to the 1830s.

The Independent UK

Evacuated residents of tower block in Bristol won’t return for at least ‘two to three weeks’

The building must undergo ‘complex and intrusive’ survey work before they are able to safely return

The Guardian - UK

‘There’s no space’: rogue landlords double income by ignoring overcrowding rules

Local authorities lack funding to track landlords who take advantage of desperate tenants priced out of the conventional rental market

The Guardian - UK

Bedsit Britain: 160,000 people in England crammed into unlicensed housing

Exclusive: Analysis suggests there are 32,000 hidden, often overcrowded large houses in multiple occupation

The National (Scotland)

People claiming benefits locked out of private rented sector, research shows

SHOCKING new research shows that 92 of the private rented sector in Scotland is unaffordable for people claiming benefits.

AAP

All eyes on RBA messaging for hints on rates outlook

Public appearances from senior Reserve Bank officials should shed some light on the future outlook for interest rates as the tightening cycle nears its end.

The Independent UK

Residents’ fears as more than 75 apartment complex balconies at risk of collapse

Balcony partially collapsed at the Weaver’s Quarter estate in Barking last week, fortunately leaving no-one injured

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