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The Latest Breaking News on Real Estate

Brits spending more on rent than at any other point in last 10 years

According to property portal Zoopla, the average UK tenant is paying 28.3% of their yearly pay, before tax, on their rent alone

Daily Mirror

Habitat for Humanity sets sights on converting disused offices and retail to homes

It’s already copleted two such conversions in the borough of Barking and Daghenham

Evening Standard

Australian government seeks urgent legal advice on double dissolution over housing bill standoff

Labor used question time to pile pressure on the Greens, accusing them of caring more about retweets than rentals

The Guardian - AU

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read the most diverse news in one place.

Possible Russian link with Llanelli hotel earmarked for hundreds of asylum seekers is raised in Parliament

Llanelli's MP has asked if the Government will look into the potential link, but the Home Office has failed to answer any of the questions put to it by the Local Democracy Reporting Service

Wales Online

Iconic Toast Rack building put up for sale ahead of major transformation

The site which comprises the Toast Rack, Horseshoe, Gateway site and Stitching Hall

Manchester Evening News

Contract to design M5 improvements near Cheltenham secured

Galliford Try has entered into an Early Contractor Involvement agreement with Gloucestershire county Council

Birmingham Post

Where is the cheapest place to rent in the UK?

A growing number of young people are unable to fly the nest because of soaring rental costs, latest figures show.

The Week

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Michael Gove says 25-year fixed rates could ease mortgage crisis

Housing secretary suggests Canadian-type deals – as Sunak government under pressure to end ‘mortgage horror show’

The Independent UK

Manchester's iconic Toast Rack building put up for sale

The site already has detailed planning consent for 211 homes

Birmingham Post

Hunt rules out mortgage support or food price caps; Mortgage ticking time bomb is ‘now exploding’ – as it happened

Jeremy Hunt faces calls to introduce mortgage interest tax relielf from Conservative MPs at Treasury Questions, and rules out price caps on food

The Guardian - UK

‘Juvenile’: PM seeks advice as housing policy stalls

Anthony Albanese says the government is seeking advice on the triggers for a double dissolution after the Greens delayed a key housing bill.

The New Daily

William turns 41 in first birthday as Prince of Wales

The future king was born at St Mary’s Hospital, Paddington, at 9.03pm on June 21 1982.

The Independent UK

RBA says decision to lift interest rate in June was ‘finely balanced’, easing expectations of further hikes

Minutes from RBA meeting on 6 June show the board was concerned about the ‘considerable uncertainty regarding the outlook for household spending’

The Guardian - AU

All options on table as housing fund held up in Senate

Labor could shelve a key election promise - legislating a $10 billion housing fund - after the Greens successfully had it delayed until October.

The New Daily

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The Guardian - AU

Will a national rent freeze fix Australia’s housing crisis? Depends on who you listen to

There’s nothing radical about regulating rents and smoothing off shocks, but self-interest will always override reason

The Independent UK

Tory voters think Government should prioritise social housing, polling suggests

The majority of Labour, Conservative and Lib Dem voters said they felt housing issues in the UK had become worse since the last general election.

The Guardian - AU

Faruqi says housing fund standoff ‘not about playing political games’ – as it happened

This blog is now closed

The Independent UK

UK ‘hurtling into mortgage disaster’ as rates near highs seen during Truss turmoil

‘No one’s at the helm of the ship, we don’t know where we’re going to end up,’ warns one mortgage broker

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Daily Mirror

Mum breaks her nose falling over bump in pavement as developers say 'it's not a hazard'

Sharon Clarke, from Longbridge, Birmingham, complained to property developers St Mowden, which said 'no obvious hazards' were found at the site where Sharon fell

AAP

RBA says jobs market too tight to control inflation

Australia has managed to engineer full employment but the extreme competition for workers risks keeping inflation higher for longer.

Edinburgh Live

Midlothian house owner wins appeal to turn it into 'much needed' flats

The council's own Local Development Plan has guidance on housing having sufficient garden space for residents but this was questioned by one councillors who pointed out not everyone wanted a garden

The Hindu

Guidance value to be revised after four and a half years

The Department of Stamps and Registration has already started reassessing property values and will soon come out with a draft of the new guidance values.

The Guardian - AU

Victoria to consider rent caps and taxes on Airbnb owners to ease rental crisis

Exclusive: Greens will support Labor’s state budget in exchange for measures as Yarra council creates emergency fund to help with cost of living

The Week

Is the UK heading for its ‘biggest ever’ house price crash?

Homeowners are “on course for a brutal reckoning”, say experts, as the UK mortgage crisis risks triggering the largest house price crash on record.

Kiplinger

10 Cities with the Best Home Buying Deals This Summer

New data from Realtor.com shows national home price average finally dropping, with most relief concentrated in markets with overheated prices during COVID-19 pandemic.

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