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The Latest Breaking News on Real Estate

Second chance for tower residents after case dismissed

A judge has dismissed class action by Melbourne public housing tower residents against the Victorian government, but will allow them to reframe their case.

AAP

Morning Mail: housing crisis to worsen, ads to tackle misogyny, Stella winner announced

Government expert council warns on supply shortfall in first state of the market report; parents to urged to check children’s online viewing habits

The Guardian - AU

London house hunter hotspots: can you guess the trendy areas where would-be buyers can't get enough?

Three wildly different areas, some beloved by celebs, have seen buyer enquiries double

Evening Standard

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read the most diverse news in one place.

Silicon Roundabout is still the spiritual home of London tech 15 years on

Rents for good quality space around the Old Street’s tech cluster have increased by 70% in the last 15 years

Evening Standard

Australia’s housing crisis to worsen with ‘significant shortfall in supply’, Labor’s expert council says

Report predicts numerous factors, including migration, mean housing affordability and inequality, will continue to deteriorate

The Guardian - AU

OECD forecasts will be blow to Sunak’s claims UK economy is improving

UK’s growth will be least in G7 by 2025, OECD expects, as low business investment and multiple pressures bear down

The Guardian - UK

‘I bought my three-bedroom shared ownership home aged 25 with only a £13,250 deposit’

Teacher Farhana Mallick bought a shared ownership home in the Royal Docks, at the centre of a £2bn regeneration zone.

Evening Standard

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Dozens arrested as clearing continues at sensitive site

Protesters have been arrested in their dozens in Darwin as land clearing continues at Lee Point where defence housing is set to be built.

AAP

‘I am moving – that is it’: tycoon speaks out about the end of non-dom tax status

Entrepreneur Bassim Haidar says ending the break is self-defeating as total UK tax take will fall amid an exodus of the super-rich

The Guardian - UK

Renting Is Cheaper Than Buying in All 50 States. How Does Your City Compare?

Renting is cheaper than buying, according to a new Bankrate survey. In 21 U.S. metros, the monthly cost of owning is at least 50% more expensive than the monthly cost of renting.

Kiplinger

Housing activists urge London mayor to save Clockwork Orange estate

Residents on Lesnes estate in Thamesmead are resisting plans for their homes to be demolished

Evening Standard

UK house prices now sit 4 per cent below all-time high as first-time buyers struggle to get on the ladder

The building society said the typical property value fell for the second month in a row in April.

Evening Standard

How Non-Traded REITs Could Give Your Roth IRA a Boost

In addition to increasing the diversity of your portfolio, adding a non-traded REIT within your Roth IRA allows the resulting dividends to grow tax-free.

Kiplinger

UK house prices fall unexpectedly for second month in a row

Nationwide blames April slowdown on ‘affordability pressures’ on back of high mortgage rates

The Guardian - UK

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The Guardian - AU

Akiya houses: why Japan has nine million empty homes

New figures show nearly 14% of all houses in Japan are empty – but this real estate glut is attracting growing interest from foreigners

Evening Standard

Spike in no-fault evictions behind 'shocking' record-breaking number of households made homeless

More families than ever are threatened with homelessness as the Renters Reform Bill

Evening Standard

Duke of Westminster's Grosvenor Group pays £51.1m in dividends despite £28.6m loss

Revaluations of property, especially in San Francisco, hit Grosvenor’s bottom line

The Guardian - UK

Homelessness jumps 16% in England, laying bare scale of housing crisis

Nearly 45,000 households had nowhere to live in the three months to December last year, official figures show

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The Guardian - AU

Inflation in Australia is still stubbornly high. Will the RBA raise interest rates again?

With hopes for a rate cut gone, there is speculation of another rise before the end of 2024. What factors will sway the Reserve Bank’s decision?

Evening Standard

London rents break records again — can you guess how much a home in the capital costs today?

Rental price inflation is slowing but it’s still more expensive than ever to rent in the capital

The Guardian - AU

Coalition to campaign on balancing housing construction and migration, says Andrew Bragg

Senator says addressing the issue ‘will be at the core of our offering at the upcoming election’

The Guardian - UK

Housing activists urge London mayor to save Clockwork Orange estate

Social housing provider Peabody wants to raze 1960s Lesnes estate used in Kubrick film but residents say homes could be refitted

The Guardian - UK

Average rents in Great Britain climb to record high

Tenants typically asked to pay £1,291 a month outside London and £2,633 in capital but pace of growth is slowing, say analysts

The Guardian - AU

Victorian Greens shape up for housing fight over Labor’s proposed Airbnb levy

Exclusive: Greens say new figures show government’s 7.5% levy on short-stay rentals won’t help fix the housing crisis

Evening Standard

Police called in over bribery allegations linked to property developments at Tory-run council

EXCLUSIVE - The controversy is fresh embarrassment after the Berkshire town’s council went bust in 2021

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