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The Latest Breaking News on Real Estate

‘Why we sold our north London house to rent near Woking — for more than our mortgage’

The Coldrey family sold their semi-detached house in north London, initially to rent near Woking in Surrey

Evening Standard

Reserve Bank hikes interest rates in May despite slowing inflation

The RBA has dashed hopes of another pause in interest rates, resuming hikes in May amid fears inflation - though slowing - is still too high.

The New Daily

Plans underway for old Franklin Street bus station to be redeveloped into apartment towers

The Adelaide City Council has agreed to hand over the former bus station on Franklin Street to the state government so it can be redeveloped into two apartment buildings.

ABC News

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Mortgage apathy can cost £160,000

Peter McGahan, chief executive of Cornwall-based Worldwide Financial Planning explains the benefits of interest only mortgages

Birmingham Post

Relaxed restrictions on granny flat rentals pitched to help ease housing crisis

Granny flats are common to suburban backyards but in many states they cannot be privately rented out. There are calls for that to change.

ABC News

California sues Elk Grove over housing project for homeless

California officials are suing a local government for not approving an apartment complex for people experiencing homelessness

The Independent UK

Succession season 4, episode 6 recap and power rankings: Have we reached peak Kendall?

The Roys search for the fountain of youth and a new vision for Waystar's future. But Kendall has a gleam in his eye, which can only mean one thing.

ABC News

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Govt green light for riskier KiwiBuild projects to steady market

Ministers will accept greater risk for potential developments to head off a wider construction crash.

Newsroom.co.nz

Succession season 4 episode 6: Shiv is making movies

Succession season 4 episode 6 features Shiv making moves, Kendall trying to be a power player and Roman going on a firing spree.

WhatToWatch

Analysts predict RBA will leave cash rate at 3.6% for second consecutive month

But CBA, the nation’s largest mortgage lender, thinks a rise to 3.85% is likely before cuts start in November

The Guardian - AU

Help to Buy could return as Tories try to woo first-time buyers

Labour accuses ministers of abandoning ‘a whole generation’

The Independent UK

Couple buy dream home and live there for five years - then find out they don't own it

Jess and Jackie Morecroft bought a dream home at auction and after living in it for five years, a court ruled it still belonged to their previous owner on Australia's Gold Coast

Daily Mirror

Just How Bad was that New York Times Piece on Supreme Court Justices Teaching at Scalia Law?

This bad: The documents show how Scalia Law has offered the justices a safe space in a polarized Washington — an academic cocoon filled with friends and former clerks, where their legal views are celebrated, they are given top pay and treated to teaching trips abroad, and their personal needs…

Reason

Wyndford flats to be blown up in controlled explosion as demolition plan unveiled

The demolition of four blocks of flats on Wyndford Road will take two years and involve a 'controlled' explosion to make way for 300 new homes for social and mid-market rent.

Glasgow Live

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Daily Mirror

Ex-Man Utd star Wes Brown went bankrupt after losing millions in car debt and property deals

A string of bad property deals led to former Manchester United defender Wes Brown being declared bankrupt last week after two creditors filed petitions against him

The New Daily

WA pledges $500 million to ease housing shortage

The West Australian government will allocate $511 million to social housing and loan programs in a bid to combat homelessness.

ABC News

Social housing and homeless given $511 million boost in WA budget to allow for 700 new homes

The WA government is committing another $511 million to social housing and homelessness initiatives under the state budget in a fresh bid to offer enough properties for those most in need.

The New Daily

Calls to tackle ‘biggest housing crisis in memory’

More than 40 organisations have signed a letter to the treasurer demanding more investment in social and affordable housing in the upcoming budget.

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The Guardian - UK

Scrapping housebuilding targets could cost tenants £200 a year by 2030 – Labour

Shadow housing secretary Lisa Nandy says dumping 300,000-homes-a-year pledge will leave behind a generation of renters in England

The Independent UK

Scrapping housing targets will cost renters £200 a year, says Labour

The party said Rishi Sunak’s approach to planning will lead to the lowest rate of housebuilding since the Second World War.

ABC News

More modular homes trucked into outback where housing shortage solutions in high demand

As building a new home becomes more challenging and expensive in regional Queensland, many people are opting to have ready-built houses trucked in from thousands of kilometres away.

ABC News

House prices rise for the second month in a row as rents keep rising due to low vacancy rates

CoreLogic data shows Australian property prices have risen for the second consecutive month, suggesting a downturn in the housing market is coming to an end as interest rates stabilise.

ABC News

Tasmania regains top spot as best-performing economy, CommSec's State of the States report says

After one quarter in the sun, Queensland has been knocked off the top of CommSec's State of the States economic rankings, and overtaken by the island state, which now leads on three key indicators.

The New Daily

‘Line ball’: Experts split as RBA mulls pivotal interest rates call amid rising mortgage stress

Experts are split on whether the Reserve Bank will return to hiking interest rates at its May meeting this week.

The Independent UK

The homeless single mothers forced to move 300 miles from their families

Exclusive: Cramped conditions are so bad that families are using beds to eat dinner on and children are doing homework in the toilet, Shelter has warned

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