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The Latest Breaking News on Real Estate

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

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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

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 Guardian - UK

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.

The Conversation

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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.

AAP

Minister urged to un-freeze housing benefit amid rising homelessness

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

Evening Standard

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

The Guardian - UK

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.

Chicago Sun-Times

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

The Guardian - UK

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The Independent UK

Number of pubs shutting for good across England and Wales jumps 50%

More than two pubs a day have left local communities over the first half of the year.

The Independent UK

Proportion of homes for sale with prices slashed ‘highest in over a decade’

The average size of the price reduction is also the highest in over a decade, at 6.2%, suggesting some sellers were too optimistic, Rightmove said.

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

The Guardian - UK

Michael Gove to appoint commissioners to run Birmingham city council

Housing secretary’s move will provide financial and management oversight at local authority, which is in effect bankrupt

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news in one place.

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The Guardian - AU

Labor’s first NSW budget in a decade will provide ‘practical assistance’, treasurer says

A $7bn shortfall has been forecast this financial year, but Daniel Mookhey says any cuts to be made will be in areas that ‘don’t affect people’

The Independent UK

Protesters demand that Japan save 1000s of trees by revising a design plan for a popular Tokyo park

Dozens of demonstrators against a divisive plan to redevelop a beloved Tokyo park are forming a human chain outside the Japanese Education Ministry to demand a revision

The Texas Tribune

Senate Republicans say House managers failed to meet high burden of proof

Democrats, however, said their GOP colleagues “caved” to outside pressure in voting to acquit and return Ken Paxton to his job as attorney general.

Texas Observer

Paxton, Acquitted

The Senate acquitted Attorney General Ken Paxton on every charge. While the impeachment trial has ended, there’s plenty more to come.

The Independent UK

Timeline leading to Texas Attorney General Ken Paxton's acquittal in his impeachment trial

A timeline of events that led to acquittal of three-term Texas Republican Attorney General Ken Paxton during his impeachment trial in the state Senate

The Hindu

Snacking: How an IT worker changed the snack game in Hyderabad

Idris Khan Mohammed created Mohammedia Shawarma, a popular snack in Hyderabad. He started with a low investment and used YouTube videos to learn how to make it. He now sells 10,000+ shawarmas a day and employs hundreds of people.

The Independent UK

Texas Attorney General Ken Paxton escapes impeachment over corruption charges

Paxton had been accused of abusing his power to benefit himself and a Texas real estate investor

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