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The Latest Breaking News on Real Estate

Rent freezes only for 'extreme times', inquiry finds

An inquiry into Victoria's rental and housing affordability crisis has called for a re-examination of negative gearing instead of a rent freeze or cap.

AAP

Hefty fines for dodgy builders as 'loophole' closes

Builders who don't take out insurance on behalf of paid-up customers will face new offences under a legislative crackdown by the Victorian government.

AAP

‘A buyer’s market’: average £18,000 knocked off UK property asking price, says Zoopla

Average discount stands at five-year high despite ongoing long-term shortage of homes for sale

The Guardian - UK

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House price falls: London sellers accepting hefty price reductions in buyers' market

Higher mortgage rates and an increased supply of homes have seen buyers achieve sizeable discounts

Evening Standard

£18,000 typically ‘shaved off’ asking prices to achieve house sales – Zoopla

In London and the South East, sellers are discounting properties by around £25,000, according to new figures.

The Independent UK

Donald Trump will testify again at his New York fraud trial

The former president is expected to return to the stand as the closing witness for the defence

The Independent UK

Trump can’t control fraud trial death threats, lawyers argue

A top court security officer found ‘hundreds’ of credible threats and violent messages to court staff

The Independent UK

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London rent rises: rents are up 31% in two years, how much higher can they go?

Rents will keep on rising, predicts Savills, but London has already hit its ‘affordability ceiling’

Evening Standard

Shameful reality of Britain’s slum housing

Brief letters: Horrible homes | Feeding the multitude | Sewage saga | Wisdom from Joseph Chamberlain | Breakfast’s served

The Guardian - UK

Changing Sydney housing reform to add 112,000 new homes

Six-storey apartment blocks would be permitted by default within 800 metres of transit hubs and town centres in metro NSW under a new policy.

AAP

What is the Leasehold and Freehold Reform Bill and what does it mean for homeowners?

The standard lease extension term is set to increase by over a tenfold

Evening Standard

Michael Gove admits housing crisis is even worse than you think

High immigration putting ‘more pressure’ on Britain’s housing, says levelling up secretary amid cabinet row

The Independent UK

West End Christmas trading off to strong start, top landlord Shaftesbury says

Sales are up 12% on last year and 16% on pre-pandemic levels

Evening Standard

CHA mounts $50 million program to fix up scattered sites

The agency promises to be “laser focused” over the next 18 months on its vacant single-family homes and smaller apartment buildings.

Chicago Sun-Times

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The Conversation

Leasehold reform: why UK government's plans could make housing less affordable and less fair

The UK government is introducing plans to reform the system of leasehold property in England and Wales to parliament. The leasehold and freehold reform bill aims to empower leaseholders and achieve greater fairness in the housing market.

Newcastle Herald

Developer promises council $22.6m if major housing estate goes ahead

New parks and sports fields promised if development goes ahead.

Newcastle Herald

Double waterfront block at Toronto fetches huge auction result

The early 1900s-era home will not be demolished.

The Independent UK

Bill to ban creation of new leasehold houses to be introduced to Parliament

Long-awaited legislation that would ban the creation of new leasehold houses in England and Wales will be introduced to Parliament later.

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The Hindu

North Chennai sees surge in real estate development

North Chennai is witnessing a surge in real estate development due to expansion of Chennai Metro, ongoing infrastructure projects, availability of affordable land, presence of e-commerce segment and Grade A developments. Prices range from ₹5,000 to ₹15,000 per sq ft. Challenges include water shortages, inadequate drainage and lack of recreational…

The Hindu

The Hindu and Guidance to hold ‘Tamil Nadu Unlimited’ on December 12 in Chennai

The Hindu, in association with Guidance Tamil Nadu, is hosting 'Tamil Nadu Unlimited' summit on Dec 12 in Chennai ahead of the Global Investors Meet (GIM) 2024. Domain experts, civil servants, industrialists & Consul Generals will attend the summit with seven panel discussions. GIM will showcase TN as industrial powerhouse…

The Guardian - AU

Good tenants used to be gold – but in today’s rental market, we’re being squeezed out

With rental vacancies the lowest they have ever been, people with disabilities like me are extra vulnerable if the homes we have built over decades are taken away

The Guardian - UK

Tory donor Richard Desmond revives controversial east London housing development

Billionaire submits proposals for scheme that government minister Robert Jenrick pushed in 2020, with nearly twice the number of properties of original plans

The Guardian - AU

Local and state governments ‘powerless’ to stop demolition of five-year-old Melbourne building

Melbourne council considering retrofitting incentives as officials say there are currently no laws to prevent demolition of non-heritage buildings

Newcastle Herald

Dilapidated Merewether home left empty for 20 years sells for millions

Developer snaps up the home after one week.

The Independent UK

Kyle Richards and husband Mauricio Umansky celebrate Thanksgiving together amid separation

‘Real Housewives of Beverly Hills’ stars announced their separation in July after 27 years of marriage

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