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The Latest Breaking News on Real Estate

How high will interest rates go? RBA flags more mortgage pain in 2023

Australians are being warned to brace for even more interest rate hikes after the Reserve Bank began 2023 with a fresh mortgage squeeze.

The New Daily

House with roof shaped like cowboy hat that doubles as balcony goes up for rent

An eco-friendly house with its roof shaped like a cowboy hat in Huntsville, Texas, America, has gone up for rent on property site Zillow for $900 (£750) per month

Daily Mirror

More vacant properties in Renfrewshire than there were homelessness applications

Many people in the area are struggling to keep a roof over their head while others are holding onto second properties, often left empty.

Daily Record

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Israeli Lien on Church-Owned Hotel Sparks Crisis with Vatican

The Western Jerusalem municipality demanded that a Vatican-owned hotel, the Notre Dame of Jerusalem Center, pay overdue city property taxes worth $5 million, and when it didn’t, it placed a lien on the institution’s bank accounts until it settles the payment. Religious institutions in Israel are exempt from paying property…

Asharq Al-Awsat

West Lothian Council considered using storage containers to solve housing shortage

Housing officers were asked to investigate options including homes created out of storage containers and modern prefab housing

Daily Record

TfL and Network Rail team up to build 20,000 new homes

Transport bodies owning 14,000 acres of land pledge to build new housing in “a landmark moment for the capital”

Evening Standard

Rich history of Jane Addams Homes as ‘hallowed ground’ is worth remembering

Its earliest days as a home for Black and white working class Chicagoans serves as an inspiration for a rebirth of the city for all its citizens.

Chicago Sun-Times

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UK house prices flat after four-month fall as interest rates bite

Halifax figures show average house price largely unchanged in January at £281,684

The Guardian - UK

£20m investment set to create 270 new social homes across Northern Ireland

It will see 98 new social houses created in Derry to help meet high housing demand in the area

Belfast Live

Good news for future homeowners as eligibility criteria for State-backed mortgage scheme expands

The Local Authority Home Loan can be used for new, second-hand or self-build homes

Irish Mirror

NatWest taking ‘pretty hard line’ on crypto; pound below $1.20; UK house prices ‘stable in January’ – as it happened

Dame Alison Rose, the head of NatWest, tells MPs her bank is preventing customers from investing in crypto assets, as part of a crackdown on fraud.

The Guardian - UK

Average London home prices dropped by more than £11k in January

The fall in the London property market gathered pace in January as average prices dropped by more than £11,000, figures released on Tuesday have revealed.

Evening Standard

NSW half-yearly budget predicts $1.7 billion downturn in stamp duty revenue this year

In the half-yearly budget review, the NSW government is now expected to receive $1.7 billion less in stamp duty revenue.

ABC News

‘We owe our landlord £1m in rent – but they’ve left us with substandard homes’

Homeless charity’s fight over rent arrears adds to property funds’ woes, including rising interest rates and sceptical investors

The Guardian - UK

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Leeds Live

Eyesore Leeds bookies covered in graffiti to be turned into block of flats

The plans will see it converted

The New Daily

‘Higher than expected’: RBA signals more rate hikes as 2023 inflation battle begins

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

The Guardian - AU

RBA interest rates: Reserve Bank lifts official rate to 3.35% in record ninth consecutive hike to tame inflation

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

ABC News

Property prices, investor decline tipped for regional Victoria as interest rates rise

When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable. Fast forward less than two years and things are looking very different.

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AAP

Record ninth consecutive increase to official cash rate

The Reserve Bank of Australia has announced a 25 basis point rise in the cash rate, taking it to 3.35 per cent - the highest since September 2012.

The New Daily

RBA hikes interest rates to decade-high in first meeting of 2023

The Reserve Bank has raised interest rates to a decade high 3.35 per cent at its first meeting of the year in a bid to curb sky-high inflation

ABC News

Interest rate updates: Philip Lowe says RBA will 'do what is necessary' to curb inflation as cash rate reaches highest level since September 2012 — as it happened

The Reserve Bank lifts interest rates by another quarter of a percentage point, with ANZ becoming the first bank to pass on the increase to its customers.

Newcastle Herald

RBA strikes again with rate rise

The increase marks the ninth consecutive rate hike since May 2022.

Newcastle Herald

Wine not? Sprawling property at Lorn includes wine room and $10k designer oven

The property is 800 metres from the heart of Lorn village.

The Independent UK

Disbarred lawyer Girardi pleads not guilty to client thefts

Disbarred lawyer Tom Girardi had not guilty pleas entered on his behalf on charges he embezzled millions of dollars from clients he represented during a once prominent career

Birmingham Post

Residential construction continues to dominate Birmingham market - report

Annual Crane Survey by Deloitte shows resi is still most active but number of new starts remains the same as previous year

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