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The Latest Breaking News on Real Estate

What's in the federal budget to help ease the housing affordability crisis?

More than one million low-income renters will soon get an increase to their Commonwealth Rental Assistance payment under a new measure announced in the budget.

ABC News

Persimmon has bought land in Merthyr Tydfil where it's set to build 121 homes

It will include a mix of homes from one to five-bed properties

Wales Online

UK housing market fears as Marshalls and Purplebricks shares slide

Problems at landscaping supplier and online estate agent prompt share dips at housebuilders

The Guardian - UK

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Annual UK house price growth slows to lowest level in more than a decade

Property values in south of England fall most, while West Midlands records strongest growth

The Guardian - UK

He followed strict rules as a judge and wants Supreme Court justices to do the same

Retired federal Judge Michael Luttig says he wouldn't even accept baseball tickets in his years on the bench: "I believe that federal judges should essentially live like priests or saints or monks."

WEKU

Mortgage with no deposit launched in bid to help 'trapped' renters onto property ladder

The "industry first" mortgage will not require a guarantor either

Manchester Evening News

What is the deposit-free mortgage scheme and who is eligible?

The new five-year fixed-rate mortgage from Skipton Building Society does not require a guarantor and is only for people renting a property

Evening Standard

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With rents at record high, and a chronic shelter shortage, why are so many London homes left empty?

Who owns the capital’s tens of thousands of uninhabited properties? And amid an affordable housing crisis, how can we get them back in to use?

Evening Standard

New mortgage deal with NO deposit is launching in the UK - but should you go for it?

Skipton Building Society says its Track Record Mortgage is designed to help renters who are struggling to stump up a deposit to get on the housing ladder - it is the first of its kind since 2008

Daily Mirror

PurpleBricks aims to speed up sale process as payment provider withholds funds

Once valued at £1.35 billion, PurpleBricks’ market capitalisation is now £6.7 million

Evening Standard

Annual UK house price growth hits 10-year low; China’s imports in surprise tumble – as it happened

UK house prices rose in annual terms by just 0.1% in April, the smallest increase since December 2012, mortgage lender Halifax reports

The Guardian - UK

Tenants feel "trapped" in the rental cycle as prices rise for first-time buyers

ONS figures reveal the increase in house prices over the last two years, "trapping" tenants in the rental cycle.

Wales Online

Tenants 'trapped' in rental cycle as prices soar for first-time buyers

A study of 2,000 adults, who live in a rental property, found 86% dream about one day stepping onto the property ladder

Daily Mirror

Will Ramirez-Rosa’s new Council leadership roles be ‘big step forward’ for progressives — or kick in the pants to developers?

If the new zoning chair and Council floor leader is more pragmatic than some of his critics expect, it could be a positive step for progressive politics in Chicago and developers.

Chicago Sun-Times

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Reuters

Singapore firms scramble to soften blow of soaring rent costs

Companies in Singapore are partially paying housing costs of employees and even relocating staff to cheaper neighbouring cities to help them tackle home rents that rose last year at their fastest rate in 15 years.

The Guardian - UK

About 700,000 UK households missed rent or mortgage payment last month

Which? figures show Britons struggling with loans, cards and bills as interest rates and inflation soar

Bangkok Post

Bangkok land price index surges in Q1

The land price index in Greater Bangkok rose in the first quarter of 2023 with a double-digit increase, driven by land price hikes on the outskirts of the capital.

ABC News

Victorian government offers to settle class action over towers' COVID-19 lockdown for $5 million

Residents of public housing towers in Flemington and North Melbourne launched a class action against the government over the sudden lockdown in July 2020.

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The Conversation

Australia’s housing crisis is deepening. Here are 10 policies to get us out of it

As Australia’s housing crisis deepens, governments at all levels are being called on to help. The federal budget will be handed down today, and housing will be a key talking point.

ABC News

New JumpStart program to help young Tasmanians without a tenancy history get into rental market

If you don't have a rental history it can be very hard to break into the rental market. A new program for young renters will help them get a foot in the door.

ABC News

Airbnbs, short-stay homes not to blame for Noosa housing shortage, affordable housing lobby group says

Two of Queensland's most sought-after regions have an estimated 10,000 properties locked up as short-stay accommodation, but affordable housing advocates say holiday lets are not the driving force behind the rental shortage.

ABC News

New South Wales rental crisis could worsen as building approvals slump to record lows, economist warns

ABS data shows total approvals fell in New South Wales by 34 per cent for the first three months of this year, but hardest hit were townhouses, units and high-rises.

Newsroom.co.nz

Privacy, healthcare concerns at play in axed income insurance plan

Prime Minister Chris Hipkins put a polarising income insurance scheme on hold just weeks before the law was to be introduced to Parliament.

Newsroom.co.nz

Govt has allowed councils to block new development

Councils have used heritage designations, special character areas, carbon emissions, and even potatoes as reasons to prevent new developments that would help restore housing affordability, writes Dr Eric Crampton

StockNews.com

3 REITs Unable to Adapt to the Changing Retail Landscape

The changing retail landscape has put retail REITs under pressure. With online spending growing rapidly, retail REITs could remain under pressure. Amid this backdrop, investors could look to avoid fundamentally weak retail REITs Kite Realty (KRG), NETSTREIT (NTST), and Seritage Growth (SRG). Keep reading.

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