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The Latest Breaking News on Real Estate

House market slowdown sparks profit warnings from Travis Perkins and Forterra

Building product firms’ shares take a hit from a weak summer for renovations and house moves

Evening Standard

Borrowers cutting back with more pain to come: RBA

Mortgage payments are at a record share of household disposable income, says a senior Reserve Bank official, and are expected to rise even further.

AAP

Map reveals best areas to move for first time buyers

Youngsters are willing to move across the country to be able to afford a home

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Horoscope for Wednesday, Oct. 11, 2023

There are no restrictions to shopping or important decisions. The moon is in Virgo.

Chicago Sun-Times

Funding for more Queensland social housing amid crisis

The Queensland government will build another 600 social homes across the state thanks to a federal funding injection of almost $400 million.

AAP

Banks have only passed on three-quarters of interest rate rises to depositors, RBA says

Increase compares favourably with New Zealand and the US, Reserve Bank assistant governor says

The Guardian - AU

‘Up-and-coming’ locations for first-time buyers revealed

Halifax based its analysis on house prices, as well as factors that first-time buyers indicated are desirable, such as links to cities and schools.

The Independent UK

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Labour wants to build 1.5m homes – but how green will they be?

Analysis: Keir Starmer promised a huge expansion of affordable housing, but made no mention of ‘climate’, ‘low carbon’ or ‘net zero’

The Guardian - UK

Labour plans next wave of new towns in pledge to build 1.5 million homes

Sir Keir Starmer said the plans would not involve ‘tearing up the green belt’.

The Independent UK

What is a greyfield site? Keir Starmer’s plan to overhaul housebuilding in UK

The plans will see low-quality greenbelt areas be released to develop affordable housing

The Independent UK

Here are the big stories from Tamil Nadu today

ED invokes PMLA to seize 15 properties of ex-Union Minister A. Raja. Real estate firm gave kickback to Raja in exchange for environmental clearance. ED searches sand quarries in TN for illegal sand mining. TN govt. announces amnesty scheme for traders with dues below ₹50,000. CM Stalin announces release of…

The Hindu

Bank of England flags concerns over longer mortgages and rise in credit card use

UK central bank’s financial policy committee says borrowing trends could lead to debt troubles in near future and longer term

The Guardian - UK

Building on the greenbelt is central to solving the housing crisis – just look at how the edges of cities have changed

Amid new targets of 1.5m new homes over five years, the Labour party has pledged to review the planning rules which dictate where housing in England can be built. The shadow chancellor, Rachel Reeves, has said that “a common-sense approach” to deciding quite what land is worth protecting and what…

The Conversation

Mast Quay: homes listed for private rent despite demolition notice

Agents are still offering apartments within the Woolwich scheme despite Greenwich council ordering part of it to be pulled down due to planning breaches

Evening Standard

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news in one place.

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The Independent UK

Labour will build new towns and Georgian housing, Starmer to promise

State-backed companies to get compulsory purchase powers, as Labour leader reveals housing plans

The Independent UK

Chinese developer Country Garden says it can't meet debt payment deadlines after sales slump

Chinese property developer Country Garden has warned it cannot meet deadlines to repay its debts

The Guardian - UK

China’s Country Garden warns it could default on debt

Property developer has about $200bn in liabilities and says its sales are ‘under remarkable pressure’

AAP

Fraudster Melissa Caddick's penthouse auction scrapped

The luxury penthouse apartment formerly owned by Sydney conwoman Melissa Caddick has been withdrawn from auction with plans to sell the property privately.

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news in one place.

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The Guardian - UK

Labour’s plan for ‘the builders not the blockers’ is a capitulation to developers

Of course Britain needs renewable energy infrastructure and more houses. But Rachel Reeves has laid out a ruinous path, says Guardian columnist Simon Jenkins

The Independent UK

Donald Trump’s civil fraud trial resuming with ex-CFO Allen Weisselberg on the witness stand

Donald Trump’s longtime finance chief is set to testify as the former president’s civil trial enters its second week

Newcastle Herald

New high-rise apartment block to dot the skyline at Charlestown

Another high-rise apartment block will dot the skyline at Charlestown.

The Independent UK

Husband relives nightmare of watching his wife taken hostage by Hamas in Israel

Yoni Asher describes the horror of seeing his wife and children being held hostage by Hamas militants

The Independent UK

California suspect arrested after DNA links him to 1983 cold case of murdered beauty queen

Noelle Russo, 37, was beaten to death in a California park 40 years ago

The Hindu

Automated Plan Approval system to approve plans to construct houses in Bengaluru

Govt to introduce Automated Plan Approval (APA) sys for house construction on plots up to 50/60ft. Property owners to upload plans to sys; fixed fees for approval; no need to visit BBMP offices. Aim to reduce corruption & bring in transparency. New tax sys to boost revenue & issue digital…

Newsroom.co.nz

Housing and the Nimby problem

Labour’s urban growth agenda has been laudable and made real progress and any incoming government should keep measures like the medium density standards to enable more housing, argues Dr Eric Crampton

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