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The Latest Breaking News on Real Estate

Afternoon Update: Labor puts housing bill back on agenda; Victoria bans gas connections to homes; and Australians cut spending

Coalition accuses PM of ‘threatening’ a double dissolution to pass bill, while Greens urge government to negotiate in ‘good faith’

The Guardian - AU

Why I live in Elephant & Castle: activist Peter Tatchell on his vibrant, changing south London area

Human rights activist Peter Tatchell has lived here for 45 years. He tells Emma Magnus what the area has gained — and lost

Evening Standard

How UK house prices left the middle class behind

New data confirms that unaffordability is entrenched, with almost all housing now the preserve of the rich

The Guardian - UK

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Anthony Albanese not ruling out double dissolution election amid housing bill standoff with Greens

Prime minister to reintroduce the Housing Australia Future Fund to parliament next week, with a vote expected in the lower house by October

The Guardian - AU

Mayor’s allies lay groundwork for referendum on ‘mansion tax’ to aid city’s unhoused people

Brandon Johnson’s plan to raise the transfer tax on high-end homes is opposed by Gov. J.B. Pritzker and Democratic legislative leaders.

Chicago Sun-Times

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000, Zoopla said.

The Independent UK

Mortgage Applications Decreased in Latest MBA Weekly Survey

Stubbornly high interest rates and decreased housing inventory are contributing to the slide.

Kiplinger

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White House rolls out measures aimed at lowering cost of housing, increasing supply

The White House has announced a series of measures that it said would reduce the cost and increase the supply of housing while bolstering protection for renters

The Independent UK

Ryan Kelley, ex-candidate for Michigan governor, pleads guilty to misdemeanor in Capitol riot case

A former Republican candidate for Michigan governor has pleaded guilty to a misdemeanor charge for his participation in the U.S. Capitol riot on Jan. 6, 2021

The Independent UK

ECB urged to pause interest rate rises amid recession fears

Central bank raised rates by 0.25 percentage points in attempt to bring inflation down

The Guardian - UK

The minimalism trend has waged a war on bookshelves – but I’m not ready to Marie Kondo my home library

Sure, with more than 70 metres of shelves in my home, my books have a housing crisis. But what if I miss them when they’re gone?

The Guardian - AU

Daniel Andrews declares suitcases of cash are ‘not on’ – but Ibac’s findings will linger in Victorians’ minds

Anti-corruption commission’s report highlights how developers buy influence, but premier stresses complexity about donations rules

The Guardian - AU

Sunak threat to intervene on housebuilding in London sparks row with mayor Khan

Labour mayor Sadiq Khan said that under his leadership more homes had been completed in the capital than at any time since the 1930s.

The Independent UK

Michael Gove tells landlord L&Q: ‘You have failed your residents’

Social housing landlord ordered to pay tenants compensation after findings of severe maladministration

The Guardian - UK

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Evening Standard

ECB raises interest rates again, with traders divided on if it’s last hike

It was the ninth consecutive rate increase for the central bank for the Eurozone as it attempts to bring inflation back under control

Evening Standard

OPINION - The Standard View: London’s housing crisis won’t be solved quickly

London is the best place in the world to call home — the trouble is finding somewhere to live. A decades-long house price boom has made getting on the property ladder impossible for millions, while rent can consume more than half of disposable income.

The Independent UK

How to spot hidden cameras in Airbnb rental properties

Secret surveillance devices have been discovered at a number of holiday apartments

Evening Standard

London rents will keep rising even as property prices fall, top estate agent Foxtons says

“The shortage of rental properties means that finding somewhere to live is an ordeal for tenants but it’s a dream for Foxtons,” one expert said

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Evening Standard

Rishi Sunak ‘steps in’ to sort out London housing crisis taking a dig at Sadiq Khan for sky-high home prices

Exclusive: The PM announces a review of the London Plan to speed up house building

The Independent UK

Treasury officials weigh 40-year mortgages to help first-time buyers

Long-term fixed-rate deals are popular in the Netherlands and Denmark and protect borrowers from interest rate spikes

The Guardian - AU

Ibac report could result in criminal charges after finding property developer paid MPs and councillors

Acting commissioner says any evidence collected during Operation Sandon to be sent to Office of Public Prosecutions

The Guardian - UK

Landlord L&Q told to pay out to tenants after finding of severe mismanagement

Ombudsman says there was maladministration in tackling disrepair and complaints received dismissive responses

Evening Standard

Comment: ‘A slow-motion housing disaster is forcing Londoners out of the capital’

With house prices now 16.5 times the typical local wage, here’s how Waltham Forest is trying to help people stay in their communities

Chicago Sun-Times

Windy City Fieldhouse sports complex in Logan Square is closing at the end of August

For more than 25 years, families, children and adults across the city have flocked to the facility for friendly pickup basketball, soccer and volleyball games. It’s also a popular birthday party destination for kids.

The Guardian - AU

Victorian MPs and two councillors accepted money and donations to further developer’s goals, Ibac finds

Report says John Woodman bought ‘influence’ on Casey council and via donations to then Labor MPs Jude Perera and Judith Graley

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