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The Latest Breaking News on Real Estate

As high interest rates lead to home repossessions, London will be hit hardest

City Comment: Along with unemployment, home repossession is probably the most distressing symptom of recession.

Evening Standard

Tenant sues landlord claiming UK flat was sublet as he was stranded abroad

Social housing resident Filippe Scalora alleges a stranger moved into his flat while he was stranded abroad

The Guardian - UK

Inside the distinctive 1970s Bar Beach home designed by architect Brian Suters

The property is set to go to auction on March 2.

Newcastle Herald

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The Crunch: a widening ideological divide and the decline of birds

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The Guardian - AU

Sale of beachhouse sets a suburb record in Anna Bay, but for how long?

The sale topped the previous record by $200,000.

Newcastle Herald

Home Office drops plan to remove housing protections from asylum seekers

Draft policy to remove HMO regulations for landlords in England and Wales withdrawn hours before high court challenge

The Guardian - UK

Mortgage Interest Tax Deduction: What You Need to Know

Should you claim the mortgage interest deduction when you file your federal tax return?

Kiplinger

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UK property prices have rebounded quickly but talk of a boom is premature

The scope for a near-term surge is limited by the market only having just avoided a crash, say analysts

The Guardian - UK

Four Reasons to Tap Opportunity Zones Before They Expire

As a provision in the Tax Cuts and Jobs Act, opportunity zones could sunset at the end of 2026, but there’s still time to maximize major tax benefits.

Kiplinger

UK house prices rise at fastest rate since January 2023

Lower mortgage rates lead to increased buyer and seller confidence, says Halifax

The Guardian - UK

Public comment sought on manufactured home estate plans at Windella

Plans for 282-lot estate now on exhibition at Maitland Council.

Newcastle Herald

UK house prices rise 1.3% in January as mortgage rates tumble

Prices were up 2.5% year-on-year, but in London they were slightly down on January 2023

Evening Standard

Uber posts first full-year operating profit as a listed company – business live

2023 was an “inflection point for Uber”, says CEO Dara Khosrowshahi

The Guardian - UK

China's Property Bubble Bust Is Beginning To Look Like Japan's

China's slide into deflation came when Japan was snapping out of it. In the third quarter of 2023, Japan's residential property price index rose at an annual rate of 2.4%, following an even more significant rise in the previous two quarters.

International Business Times

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Newcastle Herald

Companies connected to Spotlight site redevelopment go under

The St Hilliers construction business has collapsed.

AAP

More social housing as cost-of-living crisis hits hard

Homelessness organisations have painted a dire picture of the crisis facing Queensland as the government announces more social housing but admits it takes time.

AAP

Housing revolt erupts over NSW plan to ramp up building

A battle over housing is underway between the NSW government and local councils, which claims communities are being kept in the dark about zoning changes.

International Business Times

Yellen Says US Commercial Property Concerns 'Manageable'

US Treasury Secretary Janet Yellen expressed concern Tuesday about the commercial real estate sector in the current environment of higher interest rates -- but added that the overall situation should be "manageable."

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Top News

Yellen confident in economic recovery despite real estate concerns

Treasury Secretary Janet Yellen expresses confidence in the strong US economy, citing low unemployment and robust job creation, despite concerns about infl...

AAP

Thrifty December cures sales-fuelled debt hangover

Many shoppers racked up credit card bills during the November sales but the damage could have been worse given acute financial pressures.

The Guardian - AU

Premature deaths of hundreds of homeless Australians ‘completely unacceptable’, housing minister says

Comments from Julie Collins come in response to Guardian Australia investigation and as advocates push for new ways to monitor crisis

The Guardian - AU

Thought we were on track for a rate cut? For now, the RBA says it’s time to come back to earth

RBA governor Michele Bullock wants to make Australian inflation is truly under control before releasing the handbrake on interest rates

Evening Standard

'Worst could be behind' construction sector, influential survey suggests, amid rate-cut hopes

But figures showed the sector was still in decline in January

Newcastle Herald

Confidence grows in Newcastle property market amid predictions of rate cut

'A lot of buyer and sellers were sitting on their hands'.

The Guardian - AU

RBA leaves official interest rate on hold fuelling hopes mortgage repayment pain has peaked

Reserve Bank leaves cash rate at 4.35% at its first board meeting of 2024 in a move that was widely anticipated by economists as inflation eases

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