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The Latest Breaking News on Real Estate

'No vision': Libs lash first NSW Labor budget in decade

The NSW opposition has delivered a scathing reply to the state budget, as the government faces questions over a missing drug reform summit.

AAP

Rent hikes send household spending through the roof

Renters hit with substantial price hikes are having to find room in their budgets by spending less on essentials as well as discretionary goods.

AAP

Dire rental properties getting you down? Sometimes it’s better to laugh than cry

People depressed by Australia’s housing crisis can now share their complaints on Jordan van den Berg’s ‘shit rentals’ website – and potentially shame real estate agents into action

The Guardian - AU

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Premier dismisses public housing towers plan criticism

A plan to demolish and redevelop all of Melbourne's 44 public housing towers has been condemned for only providing homes for an extra 1000-odd public tenants.

AAP

Bank of England interest rate decision on knife edge after inflation fall

Markets revise forecasts, raising chance interest rates may be kept on hold for first time in two years

The Guardian - UK

Texas AG Ken Paxton attacks rivals, doesn't rule out US Senate run in first remarks since acquittal

Texas Attorney General Ken Paxton is attacking his Republican rivals while speaking out for the first time since his acquittal on corruption charges in his impeachment trial

The Independent UK

NSW considering following Victoria’s lead by taxing Airbnb revenue

NSW treasurer wants to stop ‘long-term rentals being pulled from the market and short-term rentals taking their place’ during housing crisis

The Guardian - AU

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An exciting new view to buying a home

Antony Catalano, the co-owner and Executive Chairman of View Media Group and ACM, is a property expert.

The Canberra Times

Let Auckland decide on intensification, says new coalition

Community groups across Auckland are petitioning potential politicians to support local planning.

Newsroom.co.nz

Surprise inflation fall signals hope for homeowners as economists call for interest rate pause

Bank of England holding off on interest rate rises could be ‘breath of fresh air for those on variable rates or trackers’

The Independent UK

Shared ownership: how it works, who is eligible and what you should know about selling your home

Plenty of Londoners are struggling to buy on the open market thanks to rising house prices and lenders tightening their affordability criteria, but there is another option

Evening Standard

Places for London: TfL rebrands property firm as it looks to deliver thousands of affordable homes a year

Its aim is to become one of the largest and most important property firms in London

Evening Standard

A short-stay levy and 800,000 new homes: how Victoria plans to ease the housing crisis

Labor’s housing statement pledges to speed up approval times, rebuild ageing towers and unlock land in established suburbs. Here’s what we know so far

The Guardian - AU

Bank of England likely to ignore calls for rate rise restraint despite inflation fall

Business groups and economists fear further increases risk rise in corporate bankruptcies and unemployment

The Guardian - UK

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Evening Standard

Bank of England may ease pressure on mortgage holders today by pausing interest rate rises

Markets see Thursday’s interest rate decision from the Bank of England’s Monetary Policy Committee more or less a coin toss

AAP

Short-stay levy draws flak as housing vision unveiled

An Australian-first levy on short-term accommodation headlines a generational shake-up to Victoria's housing and planning sectors.

Evening Standard

One year since the mini-Budget: meet the Londoners caught out by ‘astronomical’ rent rises and mortgage mayhem

A year after the mini-budget and with another interest rate rise looming, we hear from Londoners coping with the stress of spiralling costs

The Guardian - AU

Australian-first 7.5% levy to hit all Airbnb and short-stay accomodation in Victoria

Daniel Andrews also announces redevelopment of 44 public housing towers and more renter protections

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The Guardian - AU

Victoria expected to fast-track major development applications and introduce new rental protections

Andrews government expected to detail crackdown on rent bidding and stop landlords from raising prices after asking previous tenant to vacate

The Guardian - AU

NSW state budget: advocates criticise the ‘crumbs’ allocated to social housing

Community Housing Industry Association says Labor treasurer Daniel Mookhey’s announcements are ‘extremely disappointing’ for those on wait lists

The Hindu

Greens slam move to issue permits to 40 granite quarries in Wayanad

Env. orgs. in Wayanad slam govt. for failing to take action against SEIAA for issuing env. clearance to granite quarries in ecologically fragile areas w/o impact assessment. NGT directed govt. to dismiss SEIAA for granting clearance to ₹350-crore project in Kozhikode flouting norms.

AAP

Towers to be torn down for first housing 'accelerator'

Victoria will spend its share of federal housing funding building 769 new homes, including more than 230 in a redevelopment of two dilapidated Melbourne towers.

AAP

Affordable housing gets 'crumbs' in NSW budget

Affordable housing and homelessness advocates are disappointed by the NSW Labor government's first budget, which they say neglects the scale of the crisis.

The Guardian - AU

‘Derelict’ Carlton towers to be demolished and rebuilt in federal housing fund’s first project

Anthony Albanese praises Victorian government for not ‘flogging off’ site to developers as he announces project alongside Daniel Andrews

The Guardian - AU

Fast rail axed in $2.5bn budget cuts – as it happened

Go-it-alone approach to building network between Sydney, Newcastle and Wollongong shelved entirely

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