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The Latest Breaking News on Real Estate

Koala park and urban sprawl strike precarious balance

The NSW government's $80 million pledge to protect koalas on Sydney's urban fringe could be threatened by housing developments in the park's proposed backyard.

AAP

UK recession risk mounts as business falters; mortgage lenders cut rates – as it happened

Business activity shrinks at fastest pace since financial crisis excluding Covid months; some fixed five-year mortgage rates dip below 5%

The Guardian - UK

Will taxing short stays boost long-term rental supply? Other policies would achieve more

The Victorian government, like many governments around the world, has announced new regulations on short-stay accommodation. The government says Victoria has more than 36,000 short-stay places, which are reducing the number of homes available for long-term rental.

The Conversation

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read the most diverse news in one place.

Planning laws protect people. A poorly regulated rush to boost housing supply will cost us all

The housing crisis is firmly on the Australian policy agenda. Governments see a rapid increase in supply as the main solution.

The Conversation

Doug Ford reverses Greenbelt plans: Construction would never have provided affordable housing

Ontario Premier Doug Ford has announced a reversal of his government’s decision to allow developers to construct residential properties on parts of Ontario’s Greenbelt. While this is a positive outcome for an ongoing saga, let’s be clear: paving Ontario’s Greenbelt was never actually about providing affordable housing.

The Conversation

Multi-storey seniors housing development proposed for Belmont

The $24.8m plans could see a three and four storey housing complex built.

Newcastle Herald

Payday loans and side hustles: Will a freeze in interest rates really help struggling households?

Londoners said the rate freeze did little to solve the cost of living crisis or soaring prices

The Independent UK

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How interest rates announcement will affect mortgages and savings

There is light at the end of the tunnel for mortgage holders but savers face lower rates

The Independent UK

Mayor Brown's Auckland Deal is the real deal

Gateway cities around the world are so important to national prosperity that they need to be actively supported and with customised arrangements. Auckland Mayor Wayne Brown is right when he says a new relationship between government and the council is required, argues Mark Thomas

Newsroom.co.nz

Hope for mortgage pain relief as interest rate hikes paused — but experts warn we’re not out of the woods

The interest rates pause could bring some desperately needed stability to the London housing market, say experts, but don’t get too comfortable

Evening Standard

How Sunak's back-pedalling on net zero could damage efforts to decarbonise Britain's homes

Rishi Sunak, the UK prime minister, has announced his government will scrap or delay a number of measures designed to help the UK reach net zero by 2050, with a particular focus on housing. This includes getting rid of impending requirements for landlords and property owners to upgrade the energy…

The Conversation

Victoria’s expanded rent bidding ban sparks concerns over enforcement and effectiveness

But Daniel Andrews tells Guardian Australia the plan closes ‘loophole’ being exploited amid housing crisis

The Guardian - AU

Landlords in Yorkshire abandon buy-to-let market over high interest rates

What was once a lucrative investment for those with spare funds has become a headache amid higher borrowing costs

The Guardian - UK

Judging by the state of the UK economy, the Bank is done with interest rate hikes

Decision to hold rate at 5.25% will be good news for mortgage holders and firms but reflects dramatic weakening of economic activity

The Guardian - UK

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The Independent UK

Rate hike pause ‘will offer some relief to those struggling with housing costs’

The rate pause brings relief to mortgage holders but some finance experts suggested the best cash savings deals may not be around for much longer.

The National (Scotland)

Scotland's rent cap extended for final six months after vote by MSPs

THE rent cap and ban on evictions has been extended for a final six months following a vote by MSPs.

The Independent UK

UK homeowners hope Bank of England avoids another rate hike after inflation falls

Homeowners across the U.K. are hoping that the Bank of England will decide to avoid raising interest rates for the first time in nearly two years

Evening Standard

Britain’s problem with big projects that begin with the letter ‘H’

City Voices: Our crazy country needs to function better than this

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news in one place.

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AAP

'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.

The Guardian - AU

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

AAP

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.

The Guardian - UK

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 Independent 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 Guardian - AU

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

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