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The Latest Breaking News on Real Estate

The Standard View: Higher interest rates, spending cuts and tax rises leave the economy on the brink

When it rains, it pours. Estate agent Savills predicts that the mainstream London housing market will suffer the most acute fall in prices out of all regions in 2023. That’s despite properties in the city enjoying the more modest end of price growth since the pandemic.

Evening Standard

Real estate Q&A: How can we get an extension on inspection period set in sale contract?

Q: We are under contract to buy a home. We are trying to set up the inspection during the time the contract allows, but the seller did not allow access until the last minute. Now we are up against the deadline, and the seller is not responding to our requests…

Tribune News Service

London to be hit hardest by house price fall — and prices will still be lower in five years

Bleak warning of 12.5 per cent slump for homeowners ahead of interest rate rise from Bank

Evening Standard

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House prices predicted to fall by 10% next year

The prime housing market is expected to outperform mainstream house price growth, due to a lower reliance on borrowing by prime buyers, Savills said.

The Independent UK

Melbourne real estate agency data breach leaves details of renters and landlords exposed

Harcourts says city franchise’s rental property database has been accessed by an ‘unknown third party without authorisation’

The Guardian - AU

A Place in the Sun's Jasmine Harman shocked at buyers' 'gamble' admission minutes into show

Jasmine was taken aback at the very beginning of the search

Nottingham Post

Landlords Are Trying To Hike Rent Up By 60 Per Cent Their Fall Shall Be Swift And Imminent

A landlord in Brisbane reportedly tried to hike up a tenant’s rent by 60 per cent and I think it’s time we bring in the guillotine rent freezes. Get a real job!!! Stay away from us you predatory grubs!!!!!An anonymous renter in Brissy told The Guardian Australia that he was…

Pedestrian.tv

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Budget buys: What the median house price can buy you in Newcastle and Lake Macquarie

The latest data released from CoreLogic this week revealed the median house price in Newcastle and Lake Macquarie dropped to $841,296 last month.

Newcastle Herald

Cloncurry man builds off-grid home in outback Queensland but warns 'it's not for everyone'

The rising cost of living and concern for the environment are driving some people to off-grid life. But for Fred Jeffree, it was the neighbour's dog barking that made him head for the middle of nowhere.

ABC News

Rethinking the office

What is the future of workplace and retail real estate? Let's start by thinking about the occupiers -- for example, the companies that own or lease space for their employees.

Bangkok Post

The Real Estate Markets Seeing The Biggest Downturns In Home Prices And Property Values

The only bad thing about the best parties is that no matter how good they were, the good times can’t go on forever.

Benzinga

Newcastle tenants forced to take landlords to tribunal for repairs, mould as housing crisis deepens

Newcastle's housing crisis 'especially dire' due to influx of people during pandemic, says Legal Aid

Newcastle Herald

A Place in the Sun buyers spot 'troubling' feature before stepping into Spanish home

Alistair and Jennifer "couldn't get past" the problem

Liverpool Echo

Rental price growth slows from unprecedented highs as tenants hit ‘affordability ceiling’

Experts say Australia is ‘definitely still in a rental crisis’ but there is only so much people can pay

The Guardian - AU

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The Guardian - AU

Landlord demands 60% increase in rent from Brisbane tenant amid Queensland housing crisis

Tenants Queensland says the hike is far more than the average increase of 35% that renters seek advice over

The Guardian - AU

Now that Australia’s house prices are falling, does the RBA really need to raise rates yet again?

The Reserve Bank is still on its quest to kill inflation, but what exactly still needs to be put to the sword?

Evening Standard

Comment: ‘Why council housing is key to solving the housing crisis’

Buyers, renters and council tenants would all benefit from a revitalised state-led home building programme

ABC News

Harcourts Melbourne City real estate agency advises customers of data breach

The real estate company says information such as names, addresses, copies of signatures and bank details may have been visible to hackers.

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ABC News

House prices in mining towns rise as other areas of Australia fall

House prices in regional WA are rising as the latest interest rates hike pushes national prices down.

ABC News

First home buyer Brianna Lewis moved state, stopped her studies, all so she could buy a house

Brianna Lewis had to move away from her hometown of Newcastle to take on a job at an architectural firm in Launceston. But that didn't get her much closer to buying a home.

The Independent UK

House prices fall for first time in 15 months after mini-budget turmoil, says Nationwide

The drop marked the first monthly decline since July 2021 and the housing market looks set to slow, Nationwide Building Society says

Daily Mirror

UK house prices FALL for first time in 15 months after Mini-Budget chaos, says Nationwide

Property prices fell 0.9% compared to September to £268,282, according to Nationwide Building Society, the first monthly drop since July 2021 and also the biggest decrease since June 2020

Evening Standard

UK house prices fall for the first time in 15 months as market ‘impacted by turmoil following mini-budget’

A 0.9 per cent drop in October marks the first monthly decline since July 2021.

Birmingham Post

UK house prices could fall by 20 percent in 2023, expert warns

There was a sharp slowdown in annual house price growth in October, new data from Nationwide reveals

Evening Standard

UK house prices fall for the first time since July 2021

Prices fell from an average of £272,259 in September to £268,282 in October

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