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The Latest Breaking News on Real Estate

Qld ditches approvals for disaster housing

The Queensland government will speed up providing temporary emergency housing after disasters by scrapping planning approvals.

AAP · Oct 21, 2022

Homebuilding prices swell

The standard home construction price index rose 6.2% year-on-year in the third quarter, a new peak and the highest increase in a decade, largely attributed to soaring fuel prices.

Bangkok Post · Oct 20, 2022

Private rents in Britain hit record highs, with 20% rise in some areas

Demand has soared in past 12 months while total number of available properties fell by almost 10%

The Guardian - UK · Oct 20, 2022

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Is the housing market about to crash? Here’s what experts are saying

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Tribune News Service · Oct 20, 2022

Housing expert says Ireland is 'broken' in grim assessment of situation

He claimed renters are 'living in fear' and a whole generation can't afford to buy 'a home of their own'

Irish Mirror · Oct 20, 2022

US home sales fell in September for eighth straight month

Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices and a still tight supply of properties on the market

The Independent UK · Oct 20, 2022

Global housing market pain has echoes of a crash 30 years ago

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the…

Tribune News Service · Oct 20, 2022

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‘Very bad taste’: Scottish TikTok viewers angry after US woman buys flat for daughter attending Glasgow university

The average price of a property in Glasgow is £177,812

The Independent UK · Oct 20, 2022

Richard Beal named Yorkshire's Property Personality of the Year

Hessle-headquartered housebuilding CEO takes top title

Birmingham Post · Oct 20, 2022

‘Gentle density’: Queensland premier highlights proposed solution to housing crisis

Summit of officials, industry leaders, experts and advocates points to more townhouses and micro-lot homes

The Guardian - AU · Oct 20, 2022

‘It’s just not on’: Queensland premier criticises call for landlords to hike rents

Annastacia Palaszczuk says the state is in ‘perfect storm’ as government reveals ‘shortfall’ in rentals

The Guardian - AU · Oct 20, 2022

Calls for Queensland to end 25-year locked-in property management contracts amid rising body corporate costs

Rising tensions between Queensland homeowners and property managers over locked-in management rights contracts lasting up to 25 years will be raised at the state government's housing summit today.

ABC News · Oct 19, 2022

Council says it was not warned of land resumption for Bruce Highway when it approved new estate

A Queensland council says it was not warned homes in a new housing development could be resumed for Bruce Highway upgrades, when plans were assessed by the state government two years ago.

ABC News · Oct 19, 2022

Proposal for motels to house homeless people to be brought to Queensland summit

Repurposing of existing accommodation and other facilities to be suggested at government-convened housing meeting

The Guardian - AU · Oct 19, 2022

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AAP · Oct 19, 2022

Qld missing 20,000 rental homes: treasurer

Queensland should have 20,000 more homes on its rental market than it currently does with available data unable to explain that shortfall, the treasurer says.

Daily Mirror · Oct 19, 2022

Renting in crisis as cost DOUBLES and tenants face eviction leaving some suicidal

Almost one in seven tenants have been told their rent is going to increase, according to the homelessness charity Shelter, leaving many people across the country drained and exhausted

Liverpool Echo · Oct 19, 2022

A Place In The Sun buyer in tears from massive home's exterior

"Oh, Sue, you’re welling up. I’ve made you cry"

Benzinga · Oct 19, 2022

A Recession May Just Prove To Be A Great Opportunity For Real Estate Investment

It seems like a tale of the past, but the U.S. saw record low mortgage rates in 2020 and 2021; concurrently, real estate investment soared. But the tried-and-true adage that real estate investment is a long-term proposition has never been more true today as mortgage interest rates steadily climb.

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Evening Standard · Oct 19, 2022

House prices in London rise again but agents warn that crash ‘now inevitable’

The average house price in London stands at an-all time high of £552,755

Daily Mirror · Oct 19, 2022

House prices soar AGAIN to nearly £300,000 - but experts say a fall is coming

The typical UK property costs a staggering 13.6% more than it did a year ago, but experts say a house price fall is still coming next year with predictions of a 10-15% drop

ABC News · Oct 19, 2022

Queensland homeowners told land needed for Bruce Highway upgrade hours after getting keys to Griffin house

On Monday morning Anil Konda got the keys to his family's dream home, only to receive an email seven hours later saying his property was needed for upgrades to the Bruce Highway.

AAP · Oct 19, 2022

End of rental scheme a major risk for Qld

On the eve Queensland's housing summit, the state government has warned 10,000 homes will be less affordable when a federal subsidy scheme ends.

ABC News · Oct 18, 2022

Canberra's house values are falling across every suburb, but prices in the capital are still high

Experts say prices in Canberra are tied to interest rates, and if they keep rising then prices will keep falling.

The Guardian - AU · Oct 18, 2022

With Queensland renters desperate, calls for compassion from landlords are no substitute for housing policy

Governments are reluctant to intervene in the property market due to political risk but the calculation is changing

AAP · Oct 17, 2022

Qld to probe short-term rental home market

The Queensland government has launched a probe into the state's short-term rental market ahead of a housing crisis summit later this week.

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