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The Latest Breaking News on Real Estate

November interest rate rise was needed to avoid risk of larger future increases, RBA says

Minutes of the November meeting show the RBA board believed the risk of inflation continuing above target was too high to keep rates on hold

The Guardian - AU

Buying in London: the 10 most affordable boroughs for homebuyers in 2023

New research has pinpointed the most affordable places to buy in London, where two people on average local salaries would need to borrow at the lowest income-to-house price ratio

Evening Standard

Subdued 2024 for property as rate pain hits home

A mixed year is expected for Australian property markets, with SQM Research expecting strong growth in Brisbane and Perth but weaker performance elsewhere.

AAP

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RBA homes in on domestic demand in inflation fight

The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.

AAP

Efforts to make offices more eco-friendly help boost London office development sector

A number of firms looking to make more eco-friendly workspaces has helped contribute to London office development roaring back, the findings of a new study suggest.

Evening Standard

Record noise complaints over weekend 'party flats' in London

Westminster council is receiving an 'unprecedented' 30 complaints a week from residents living in Soho, Covent Garden, Hyde Park, Marylebone, and Lancaster Gate

Evening Standard

Rent at Jeremy Hunt's luxury flat rockets by 18 per cent amid housing crisis

RENT at a luxury flat owned by Jeremy Hunt soared by 18 per cent while he urged people not to ask for pay rises, it has emerged.

The National (Scotland)

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Bargain buy draws epic bidding battle at Edgeworth auction

'It was a bit of a cat and mouse game.'

Newcastle Herald

Two-bedder in North Lambton draws 18 bidders and record sale

One hopeful buyer put in a $25,000 bid as the price escalated.

Newcastle Herald

Lack of homes near jobs, schools driving inequality

A failure to increase density in NSW has left the state worse off when it comes to housing stock and affordability, the treasurer says.

AAP

UK needs more lab space if it wants to be science superpower, ministers told

Leading property firms also call for more tax breaks and improved transport links to hubs ahead of autumn statement

The Guardian - UK

Dunmore House listed with $4.5 million guide in Bolwarra Heights

The property dates back to the 1830s.

Newcastle Herald

Evacuated residents of tower block in Bristol won’t return for at least ‘two to three weeks’

The building must undergo ‘complex and intrusive’ survey work before they are able to safely return

The Independent UK

‘There’s no space’: rogue landlords double income by ignoring overcrowding rules

Local authorities lack funding to track landlords who take advantage of desperate tenants priced out of the conventional rental market

The Guardian - UK

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The Guardian - UK

Bedsit Britain: 160,000 people in England crammed into unlicensed housing

Exclusive: Analysis suggests there are 32,000 hidden, often overcrowded large houses in multiple occupation

The National (Scotland)

People claiming benefits locked out of private rented sector, research shows

SHOCKING new research shows that 92 of the private rented sector in Scotland is unaffordable for people claiming benefits.

AAP

All eyes on RBA messaging for hints on rates outlook

Public appearances from senior Reserve Bank officials should shed some light on the future outlook for interest rates as the tightening cycle nears its end.

The Independent UK

Residents’ fears as more than 75 apartment complex balconies at risk of collapse

Balcony partially collapsed at the Weaver’s Quarter estate in Barking last week, fortunately leaving no-one injured

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The Hindu

Adani Group’s Dharavi Redevelopment Project refutes Congress’s allegations of favouritism

DRP refutes Congress' allegations of favouritism in Dharavi Redevelopment Project. DRP says vested interests are attempting to derail/delay project with revenue potential of ₹20,000 crore.

The Guardian - UK

Rent rebels: the tenants who fought for their rights and won

It is not easy but you can take on a landlord over bad treatment or neglecting a property

Evening Standard

These homes for sale overlook some of London's best-loved landmarks – and start at £438k

Be a tourist from home with a property overlooking some of London's best sites, from historic heavyweights to cherished theatres and music venues

The Guardian - UK

England’s nature chief calls for building on green belt to solve housing crisis

Tony Juniper believes new homes and protection for green spaces and wildlife should not be seen as opposites

Newcastle Herald

Best suburbs to be a seller in Newcastle and Lake Macquarie

Top suburbs include Adamstown Heights, Tighes Hill, Kotara and Mayfield East.

The Guardian - UK

Five things that could help fix Britain’s private rented sector

From building more homes to giving private renters a legal right to buy after longer tenancies

The Hindu

Congress accuses BJP govt. of relaxing norms of Dharavi redevelopment project to suit Adani group

“It is now reported that the Maharashtra Urban Development Department has been compelled to issue a notification that removes the provision of indexation in Dharavi’s real estate TDR and made it mandatory for all Mumbai builders to buy the first 40% of their TDRs from Adani,” Mr. Ramesh said.

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