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The Latest Breaking News on Real Estate

Short-stay levy draws flak as housing vision unveiled

An Australian-first levy on short-term accommodation headlines a generational shake-up to Victoria's housing and planning sectors.

AAP

One year since the mini-Budget: meet the Londoners caught out by ‘astronomical’ rent rises and mortgage mayhem

A year after the mini-budget and with another interest rate rise looming, we hear from Londoners coping with the stress of spiralling costs

Evening Standard

Australian-first 7.5% levy to hit all Airbnb and short-stay accomodation in Victoria

Daniel Andrews also announces redevelopment of 44 public housing towers and more renter protections

The Guardian - AU

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Victoria expected to fast-track major development applications and introduce new rental protections

Andrews government expected to detail crackdown on rent bidding and stop landlords from raising prices after asking previous tenant to vacate

The Guardian - AU

NSW state budget: advocates criticise the ‘crumbs’ allocated to social housing

Community Housing Industry Association says Labor treasurer Daniel Mookhey’s announcements are ‘extremely disappointing’ for those on wait lists

The Guardian - AU

Greens slam move to issue permits to 40 granite quarries in Wayanad

Env. orgs. in Wayanad slam govt. for failing to take action against SEIAA for issuing env. clearance to granite quarries in ecologically fragile areas w/o impact assessment. NGT directed govt. to dismiss SEIAA for granting clearance to ₹350-crore project in Kozhikode flouting norms.

The Hindu

Towers to be torn down for first housing 'accelerator'

Victoria will spend its share of federal housing funding building 769 new homes, including more than 230 in a redevelopment of two dilapidated Melbourne towers.

AAP

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Affordable housing gets 'crumbs' in NSW budget

Affordable housing and homelessness advocates are disappointed by the NSW Labor government's first budget, which they say neglects the scale of the crisis.

AAP

‘Derelict’ Carlton towers to be demolished and rebuilt in federal housing fund’s first project

Anthony Albanese praises Victorian government for not ‘flogging off’ site to developers as he announces project alongside Daniel Andrews

The Guardian - AU

Fast rail axed in $2.5bn budget cuts – as it happened

Go-it-alone approach to building network between Sydney, Newcastle and Wollongong shelved entirely

The Guardian - AU

NSW budget: Labor points to ‘decade of neglect’ but lack of housing showstopper may leave voters underwhelmed

NSW treasurer Daniel Mookhey points to ‘largest debt any incoming state government has ever inherited’ as he hands down party’s first budget in more than a decade

The Guardian - AU

NSW Labor pledges $2.2bn for housing and infrastructure in first budget in a decade

Figures reveal NSW is expected to be back in the black next financial year and will focus on paying down debt

The Guardian - AU

Critics allege Chicago-based National Association of Realtors tolerates sexual harassment, calls for CEO Bob Goldberg to resign

Former staffer tells Sun-Times of incidents involving forced physical contact at events the association organized.

Chicago Sun-Times

Auckland Mayor wants Wellington out of the way

In a manifesto sent to all major political parties, Wayne Brown said the ‘engine room of New Zealand’ should plan itself

Newsroom.co.nz

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The Guardian - UK

England’s big social housing landlords ignoring official complaint warnings

Calls for government to get tougher after record number of non-compliance on orders to improve handling of tenants’ complaints

The Conversation

International students are not to blame for Canada's housing crisis

At the start of the new academic school year, around 30 students at Canadore College in North Bay, Ont. held a protest to decry the lack of accommodation provided to international students.

AAP

More homes put up for sale as property rebound sets in

The spring selling season looks to have started early, with national listings surging more than 20 per cent in the last month of winter.

Evening Standard

Minister urged to un-freeze housing benefit amid rising homelessness

A City Hall politician has urged minister Mel Stride to increase local housing allowance

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Investors Business Daily

Analysts Pound The Table For 10 'Screaming Buy' Stocks

Not sure which S&P 500 stocks to buy as the market's direction changes? Analysts don't seem to have that problem.

The Guardian - UK

Beware sharper economic slowdown and tougher inflation, warns adviser to central banks

Bank of International Settlements said markets risk ignoring aftershocks from inflation such as insolvencies and property price falls

Chicago Sun-Times

Raising real estate transfer tax would doom renters, businesses and many homeowners

Beneath the enticing surface of Bring Chicago Home, this proposal imposes hidden burdens, a coalition of business leaders writes.

The Guardian - UK

Pub closures rise sharply amid warning over planned business rate change

Nearly 400 pubs closed their doors for good in England and Wales in first half of 2023, almost as many as the whole of 2022

The Guardian - UK

We bought a house with my parents – can we get a mortgage to buy their share?

We’ve been told that no one would lend to us if they were still living in the property and fear we’re stuck

The Guardian - UK

Proportion of UK house sellers cutting asking price reaches ‘highest in over a decade’

More than 36% of properties have had asking price cut at least once — the highest figure since 2011

Evening Standard

London house prices: dip in asking prices as homes take 63 days to sell

House prices in London fell once again but there are signs of an autumn lift on the horizon

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