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The Latest Breaking News on Real Estate

It's not just housing: the 'bank of mum and dad' is increasingly helping fund the lives of young Australians

Much has been made of the increasing presence of the “bank of mum and dad” in the lives of Australians.

The Conversation

Sneak peek at transformed Merewether cottage with HIA Award-winning kitchen

It won a HIA Hunter Award for kitchen of the year in October.

Newcastle Herald

I’ve changed my tune on dollar stores, but Black neighborhoods still need full-service grocers

Dollar stores do fill a void and are convenient in Chicago, Natalie Moore writes. But they don’t sell fresh produce and offer too much canned and processed food.

Chicago Sun-Times

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Chelsea houseboat owners win latest fight against mega barges in west London yacht club war

Chelsea houseboat residents have won their latest fight against the introduction of “mega barges” in the community near Battersea Bridge.

Evening Standard

Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7%

Homebuilders are stepping up construction of single-family homes following a steady decline in mortgage rates and broad expectation among economists that home loan borrowing costs will ease further next year

The Independent UK

OPINION - London is bleak in winter: but we can still see the light in the city of darkness

The first line of the song Cities by Talking Heads is, “Think of London, a small city/It’s dark, dark in the daytime.” That is an American perspective, but as Londoners travel to the station or bus stop and then from work to home again, it does feel like being in…

Evening Standard

Most expensive streets in Scotland named for 2023

A STREET in Edinburgh has been named as the most expensive to buy a home on in Scotland for the second year in a row.

The National (Scotland)

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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

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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Evening Standard

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

The Guardian - UK

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 Texas Tribune

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.

International Business Times

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.

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The Independent UK

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

Evening Standard

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

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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