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The Latest Breaking News on Real Estate

Edinburgh City Council set to formally declare housing emergency

THE City of Edinburgh Council is set to formally declare a housing emergency amid a “crisis” in the public and private sectors.

The National (Scotland)

Why I live in West Norwood: author Georgina Johnson on her vibrant, joyful corner of south London

Georgina Johnson wrote her new book, The Slow Grind: Practicing Hope and Imagination, in the cafes and public library of West Norwood

Evening Standard

Tenant killed himself after landlord failed to resolve repeated noise complaints

Ombudsman orders UK housing association Clarion to apologise to family in ‘deeply distressing’ case

The Guardian - UK

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Housing association slammed as tenant takes own life after 18 noise complaints

Clarion Housing Association has apologised for its failings over what Housing Ombudsman Richard Blakeway said was a ‘deeply distressing’ case

The Independent UK

Huge Toronto waterfront block listed for the first time in 50 years

The property was built in the early 1900s.

Newcastle Herald

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales

A series of court challenges are seeking to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill

The Independent UK

‘I should have worn make-up’: Donald Trump Jr testifies in $250m fraud trial

The former president’s oldest son is the first of his children to testify in a case that threatens the family empire

The Independent UK

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$10m clifftop mansion first to fall as Reserve Bank warns of mortgagee sales

Banks get ready to impose debt-to-income borrowing limits to protect homebuyers as interest rates and mortgagee sale numbers rise

Newsroom.co.nz

3 Robust Home Improvement Stocks to Strengthen Your Portfolio

Technological advancements, growing disposal income, and rising homeowner interest in remodeling projects are boosting the home improvement industry's prospects. Hence, it could be wise to add fundamentally strong home improvement stocks Tile Shop Holdings (TTSH), Lifetime Brands (LCUT), and Steelcase (SCS) to one’s portfolio. Read more.

StockNews.com

The London house hotspots where 70% of homes are owned outright

Capital has lowest portion of homes owned without a mortgage in England

Evening Standard

An RBA rate rise next week is now an even-money bet – and figures reveal just how damaging it would be

A rise would only add to the cost of necessities without reducing inflation, hitting households already struggling with a 70% increase in mortgage costs

The Guardian - AU

Comment: 'it's a buyers market but where are all the decent homes?'

An overpriced ex-rental is not the prize some landlords seem to think it is

Evening Standard

UK house prices increased by 0.9% month-on-month in October, says Nationwide

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

The Independent UK

House prices surprise with 0.9% increase in October says Nationwide

Housing market more resilient than feared despite the impact of 14 interest rate hikes

Evening Standard

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The Guardian - AU

Victorians lodge record 5,400 challenges to rent increases over past 12 months

Consumer Affairs Victoria says it redirected extra staff to manage 120% rise in requests for rent increase reviews

Evening Standard

London on the brink: how the rental crisis is killing the capital – and how to fix it

With rents eating up to 85 per cent of their income, tenants facing being forced out of the capital are searching for solutions

The Guardian - AU

Afternoon Update: more interest rate rises likely; Victorian prison officers put spit hood on child; and WeWork to file for bankruptcy

The Reserve Bank looks increasingly likely to lift the cash rate as the IMF found inflation remained ‘sticky’

Newcastle Herald

Lake Macquarie in Top 5 places city buyers are moving to: report

'Affordability is a massive driving force for Sydney buyers.'

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The Guardian - AU

Victorian domestic violence victims wait two years for public housing, data shows

Advocates fear blowout in wait time could force people to choose between homelessness or staying in an abusive relationship

The Independent UK

Donald Trump’s sons Don Jr. and Eric set to testify at fraud trial that threatens family’s empire

Donald Trump’s eldest sons, who took over day-to-day management of his real estate empire when he became president, are scheduled to testify in the New York civil fraud case that threatens their company’s future

AAP

Couple's debt spirals after cousin's house, land fraud

A Melbourne couple's debt has soared after their cousin defrauded them by offering a fake $388,000 house and land package, and pocketing the money for herself.

The Independent UK

A California house is on sale for $1.5 million – and it comes with a built-in meth lab

‘If you were my buyer, I would tell you I’ll find you a different opportunity’

Newcastle Herald

Heritage-listed old Newcastle East Public School has $5.5m guide

The property includes plans for a three-bedroom residence upstairs.

AAP

Two-year wait on housing for family violence survivors

Survivors of family violence are waiting two years for public housing in Victoria as sustained demand since the COVID-19 pandemic restricts supply.

The Guardian - AU

Reserve Bank will have to raise interest rates again because inflation still too high, IMF says

Fund recommends further monetary tightening by RBA to ensure Australia’s price rises return to target range by 2025

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