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The Latest Breaking News on Real Estate

A lot of pain for inflation gains, RBA boss Philip Lowe tells Senate hearing

RBA boss Philip Lowe gave no clues about how many more mortgage bill hikes are coming in his first public remarks of 2023.

The New Daily

Annual house price growth slowed in December – ONS

The average UK house price in December 2022 was £26,000 higher than a year earlier but lower than an average of £296,000 in November 2022.

The Independent UK

Chinese provinces spent at least $51.6 billion on COVID curbs in 2022

Chinese provinces spent at least 352 billion yuan ($51.6 billion) on COVID-19 containment in 2022, according to annual budget reports from local governments, adding strains to provincial finances in a year when economic growth slowed.

Reuters

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How to decode an online property listing: the price drops, key words and trick photos to look out for

There’s more to watch out for than a wide angle lens. Four insiders lay bare the tricks of the trade that every buyer should know

Evening Standard

Houghton-le-Spring attacker who punched victim in his own home and stole from him walks free

Luke Brice, of Houghton-le-Spring, admitted assault and theft

Chronicle Live

Byron Bay property prices plunge as some regions buck trend, according to CoreLogic data

In a case of what goes up must come down, property prices in Byron Bay have plunged 25 per cent in the past 12 months. But not all regions have fallen. Here's how they performed.

ABC News

How high will Lowe go? Five things we learned from RBA governor’s parliament appearance

Philip Lowe tells Senate estimates that interest rates must keep rising to tame ‘corrosive’ inflation – and he is not resigning

The Guardian - AU

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Nottinghamshire woman's bungalow covered in mould after flooding from leaking pipes

Barbara Bishop says she is waiting for repairs to be done by the housing company which manages her bungalow.

Nottingham Post

Plans to turn function room into housing 'could be lifeline' for Nottingham pub

The first floor of the pub could be converted if the plans are passed by councillors

Nottingham Post

Lothian Pension Fund buys Edinburgh retail park from Hunter Real Estate in £16m deal

Adviser Lismore says demand for retail parks remains 'robust'

Insider UK

RBA boss Philip Lowe defends record bank profits as he flags further rate hikes

Philip Lowe says it is important in the long term to have "strong" banks that are turning a profit, even though it may be hard to hear for people in the grip of skyrocketing mortgage repayments.

ABC News

Rent bidding and 'rent ranges' to be banned under new laws to be introduced in South Australia

Landlords and real estate agents would be banned from soliciting bids for rental properties or advertising a "rent range" under laws to be introduced to South Australia's parliament.

ABC News

Lovedale acreage with a $7 million price tag

The property spans 114 acres.

Newcastle Herald

Man jailed over South Melbourne factory blaze

Jayden Tune has been jailed for up to four years for setting his landlord's South Melbourne warehouse on fire, causing more than $3 million damage.

AAP

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The Independent UK

‘Don Jr is on coke’: Trump’s son mocks accusations of drug use over his ‘impassioned’ speeches

Former president’s eldest son feels that people should focus on Hunter Biden instead of him

Liverpool Echo

Dad films overflowing bins on visit to daughter's 'high-quality' flats

Internet hasn't been working for some students in the building for eight weeks

Evening Standard

Paris pushes for second-home tax rise to combat population decline

Authorities welcome a tourism boost since Netflix’s Emily in Paris, but don’t want more holiday home buyers

Newcastle Herald

Expensive houses cop biggest Hunter property price hit

A buyer's agent says vendors' price expectations have not shifted with the market.

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Dublin Live

Zero homes directly built by Dun Laoghaire Rathdown County Council in 2022

Sinn Fein representative Shaun Treacey slammed the government's housing policy in the wake of the findings and called for more social housing to be constructed

Wales Online

Pensioner ordered to remove hundreds of plants from garden that was 'like Chelsea Flower Show'

The grandmother of five said she was shocked to receive a letter and subsequent visit from a removals team asking her to take down her plant pots from a walkway and balcony behind her house

Daily Mirror

Ryan Reynolds teams up with investment group in bid for NHL side Ottawa Senators

The Ottawa Senators could see a bid come in from Ryan Reynolds and a real estate company, who are set to team up and buy the NHL franchise from the Melnyk family

AAP

Flawed RBA predictions have 'damaged credibility'

The Reserve Bank's former governor has delivered a scathing assessment of its recent performance as current chief Philip Lowe faces a parliamentary grilling.

AAP

Albanese calls out Greens 'fantasy' housing idea

A multi-billion dollar plan for social and affordable housing could be derailed if the federal government is unwilling to work with the Greens on changes.

Daily Record

Inside stunning flat for sale on the shores of Loch Ness in a former monastery

A two-bedroom flat inside a former Benedictine Monastery is available to purchase for around £225,000, and it includes uninterrupted views and access to a heated swimming pool.

Daily Mirror

Divorced dad moves into narrowboat 'to save £3k a month' - and can fit five kids

Dad-of-five James Posner, 44, says living in a narrowboat is 'London's best kept secret' amid the cost-of-living crisis - and he has the freedom to have his children come and stay

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