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The Latest Breaking News on Real Estate

Over three weeks in, the federal government shutdown is closing in on the longest shutdown in history, catching up to the 34-day run of December 2019.

Benzinga

Once Australia’s second priciest city, Melbourne has become more affordable. What happened – and will it last?

More homes and less property investor activity has seen Victoria’s capital rise up the affordability rankings

The Guardian - AU

Top 3 Real Estate Stocks That May Explode In Q4

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Benzinga

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'Can't Pay Rent, Can't Buy a Shirt': US City Leaders Sound Alarm as Federal Shutdown Hits Local Economies

The US federal government shutdown is damaging local economies. Unpaid federal workers struggle with rent and shopping, while small businesses and public services face mounting pressure.

International Business Times UK

Governor takes aim at tax barrier to economic mobility

The Reserve Bank has set its sights on one tax it says keeps owners of big homes from downsizing and people from relocating for better jobs and pay.

AAP

Focus intensifies on Andrew amid controversy over his Royal Lodge lease

The former duke has had a peppercorn rent deal on his Windsor mansion for more than 20 years.

Evening Standard

'Scorched earth': public housing demo plan picked apart

Legal minds, engineers and residents have renewed their fight to tear down plans to demolish and rebuild a city's entire stock of public housing towers.

AAP

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Ministers confirm plans to reduce London’s affordable housing quotas

Developers will qualify for fast-track planning status if they include 20% affordable housing instead of current 35% target

The Guardian - UK

Affordable homes target slashed to 20% to tackle London’s housebuilding crisis

The Government said a perfect storm of economic conditions has created a housebuilding emergency.

Evening Standard

Sadiq Khan gets go-ahead to slash affordable housing ratio to 20% to tackle London housing crisis

New target is announced by Housing Secretary Steve Reed after weeks of speculation - but critics say it won’t solve housing emergency

Evening Standard

Meet Lightstone DIRECT: The Private Real Estate Investing Platform Raising the Bar for Individual Investors

Lightstone has launched a direct real estate investing platform for accredited investors looking for a higher pedigree manager. . For investors who are facing an uncertain environment and looking for a partner that balances rigor with direct access, Lightstone DIRECT is a compelling proposition with scale, transparency, and alignment that…

Benzinga

Foxtons shares drop sharply after it warns of ‘subdued’ pre-budget sales

Economic uncertainty along with possible changes to property tax are deterring buyers, says estate agent

The Guardian - UK

Could Zurich’s housing cooperatives be the solution to the rest of Europe’s housing crisis?

One in every five citizens in the city has bought a share in the company that built and owns their apartment block, says Inside Housing’s Peter Apps

The Guardian - UK

Foxtons warns of sharp slowdown in London property market ahead of Autumn Budget

Shares slump as estate agency says profits will be below expectations because of the shortfall in sales revenues

Evening Standard

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Evening Standard

Reeves hails £500m package for homes and transport in Oxford-Cambridge corridor

The Chancellor said the Government has ‘massive ambitions’ for the area.

The Guardian - AU

Morning Mail: house prices surge, online grocery price premium revealed, Australia thump England

Values rise at fastest rate for four years as Brisbane takes second place behind Sydney

The Guardian - UK

The housing crisis needs better solutions than this

Letters: Readers respond to John Harris’s article about Liverpool’s housing crisis, with many people priced out of buying and having to pay high rents

Evening Standard

Legally binding standards to be placed on military homes under renting reforms

Housing minister Matthew Pennycook said the Renters’ Rights Bill will ensure military families have the homes they deserve.

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The Guardian - UK

MPs ‘pushing hard’ to launch inquiry into Prince Andrew’s Royal Lodge residence

Keir Starmer indicates openness to MPs questioning Andrew in person about home he has lived in for more than 20 years without paying rent

The Guardian - AU

Luxury apartment development in Kings Cross pits Paul Keating against Morris Iemma

Keating says proposal to build a luxury apartment building, which former NSW premier’s lobbying firm is acting for, will result in a loss of affordable housing

The Guardian - AU

Australian house prices rising at fastest rate in nearly four years, data shows

Brisbane overtakes Canberra as second-most expensive housing market, after Sydney, with median prices rising by nearly $40,000

Evening Standard

Firms in England set for £1bn business rates hike next year

Inflation data means that the overall business rates yield on companies across England is expected to rise by 3.8% in April next year.

Evening Standard

Sales of new build homes in London collapse to just 26 in June says Land Registry

Not a single new home sales has been recorded in the borough of Merton this year

Evening Standard

South London tower block riddled with fire safety issues is earmarked for demolition

It would otherwise cost £23 million to make Marie Curie House in Camberwell safe

AAP

Rental changes end 'impossible choice' for DV survivors

Improved rental protections for survivors of domestic violence will offer them a safer pathway out of abuse.

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