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The Latest Breaking News on Real Estate

Housing prices back at record levels, defying Australia’s interest rate rises

The 7.5% drop from the April 2022 peak has been recovered, but some cities are faring better than others, CoreLogic analysts say

The Guardian - AU

The past financial year was brutal for household incomes – and it seems the recovery isn’t coming anytime soon

Household disposable income fell 5.1% across the country, meaning our living standards have been smashed

The Guardian - AU

Autumn statement 2023: all the property announcements made by Chancellor Jeremy Hunt

From planning changes to housing benefit, here's what today's Autumn Statement means for London renters, homeowners and first-time buyers

Evening Standard

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London best place to live but rising expenses and crime a worry - poll

Londoners think that public transport, green spaces, entertainment and arts and culture are improving in the capital, but safety and spiralling costs are of growing concern

Evening Standard

Hong Kong land sales wobble, exposing cracks in city’s finances

Despite historical high demand for homes due to the territory’s size, the economic downturn has resulted in a glut of unsold flats

The Guardian - AU

Rural newspapers 'critical for democracy': minister

The government will soon announce details of its plan to support diversity and localism in the Australian media landscape.

AAP

Comment: 'We foolishly ignored the London rental crisis, but we can fix it'

Fixated on house prices, both the press and politicians have failed renting Londoners. The Chancellor must step up now

Evening Standard

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Autumn statement 2023: what might it mean for London first-time buyers and homeowners?

From raising the stamp duty threshold to slashing inheritance tax, extending mortgage guarantees to new deposit-saving schemes, here's what could be announced tomorrow

Evening Standard

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines

The Independent UK

$600 a week for a room: the 10 most expensive suburbs for share housing are in Sydney, survey finds

Flatmates.com.au survey also reveals the rental crisis is pushing older Australians into share accomodation in greater numbers

The Guardian - AU

There are no self-help books for moving in with your parents in middle age, but there should be

At 43, Claire Mulcahy realised she could no longer afford to live alone. Living with her mother was not the life trajectory she expected but it has come with its own opportunities

The Guardian - AU

‘I was like 500th on the list’: life inside Britain’s affordable housing crisis

It is now near impossible for some people to find a home in their area, as councils across the UK declare a housing emergency

The Guardian - UK

London MSG Sphere site should be used for affordable housing, say campaigners

Las Vegas-style arena was blocked by London mayor Sadiq Khan

Evening Standard

Stock market today: Asian shares trading mixed after Wall Street rally led by Microsoft gains

Asian shares are trading mixed after a rally on Wall Street that was led by gains in Microsoft after it announced it was hiring Sam Altman, former CEO of OpenAI, the ChatGPT maker

The Independent UK

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Newcastle Herald

Less homes coming up for sale in Newcastle

'The Newcastle and Maitland region has seen fairly modest value growth'.

The Guardian - AU

November interest rate rise was needed to avoid risk of larger future increases, RBA says

Minutes of the November meeting show the RBA board believed the risk of inflation continuing above target was too high to keep rates on hold

Evening Standard

Buying in London: the 10 most affordable boroughs for homebuyers in 2023

New research has pinpointed the most affordable places to buy in London, where two people on average local salaries would need to borrow at the lowest income-to-house price ratio

AAP

RBA homes in on domestic demand in inflation fight

The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.

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news in one place.

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AAP

Subdued 2024 for property as rate pain hits home

A mixed year is expected for Australian property markets, with SQM Research expecting strong growth in Brisbane and Perth but weaker performance elsewhere.

Evening Standard

Efforts to make offices more eco-friendly help boost London office development sector

A number of firms looking to make more eco-friendly workspaces has helped contribute to London office development roaring back, the findings of a new study suggest.

Evening Standard

Record noise complaints over weekend 'party flats' in London

Westminster council is receiving an 'unprecedented' 30 complaints a week from residents living in Soho, Covent Garden, Hyde Park, Marylebone, and Lancaster Gate

The National (Scotland)

Rent at Jeremy Hunt's luxury flat rockets by 18 per cent amid housing crisis

RENT at a luxury flat owned by Jeremy Hunt soared by 18 per cent while he urged people not to ask for pay rises, it has emerged.

Newcastle Herald

Bargain buy draws epic bidding battle at Edgeworth auction

'It was a bit of a cat and mouse game.'

Newcastle Herald

Two-bedder in North Lambton draws 18 bidders and record sale

One hopeful buyer put in a $25,000 bid as the price escalated.

AAP

Lack of homes near jobs, schools driving inequality

A failure to increase density in NSW has left the state worse off when it comes to housing stock and affordability, the treasurer says.

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