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The Latest Breaking News on Real Estate

Will house prices go up in 2023? The answer largely depends on interest rates

Australian house prices are forecast to rise in several states if economic conditions are favourable, according to a new report from SQM Research.

ABC News

The rental squeeze is tightening. And these Australians say there's no escape

Huge crowds at inspections, bidding wars, rent increases and eviction notices. Experts say not since The Great Depression has it been this hard to rent in Australia.

ABC News

Brisbane, Hobart and Sydney become least affordable cities for renters as regional centres also suffer

Annual Rental Affordability Index shows more than 40% of low-income households now in rental stress

The Guardian - AU

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Recession-busting areas: Where are the five best places to buy a home in London in 2023?

Experts analyse the capital’s housing market as we pick out the areas least likely to experience huge price falls.

Evening Standard

"Collapse" in home prices is coming, experts say

They don't expect a crash, but a slowdown seems likely.

Axios

Rent control expands as tenants struggle with the record-high cost of housing

Voters in several cities approved ballot measures to cap rents, part of a larger resurgence of rent control. Economists warn that such caps can actually reduce affordable housing overall.

WEKU

A quarter of London homes have had asking price reduced this autumn

Discounts are expected to increase further over the coming months as the housing market adjusts to new mortgage rates.

Evening Standard

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Can we release some money tied up in our current home to use as a deposit on a new one?

My wife and I would live in the second property and rent out the other to my sister and her son

The Guardian - UK

Mortgage clinic: ‘I can’t sell my flat. Can my fiancé buy independently and get first-time buyer benefits?’

Due to strict affordability criteria, Emma Maloney has had very little interest in her shared-ownership flat — and wants to know the implications for her fiancé

Evening Standard

Struggling neighbours in Salford's 'biggest eyesore' face 'scandalous' rent hike - on Christmas Eve

"A friend said to me the other day it's 'heat or eat', and that's exactly it".

Manchester Evening News

Homes ‘selling for three per cent below asking price on average’

Zoopla expects discounts on house to increase in 2023 due to falling demand

Wales Online

Rents, energy driving inflation: RBA chief

The head of the Reserve Bank Philip Lowe has thrown his support behind measures to boost energy and housing supply to cool inflation.

AAP

RBA governor 'sorry people listened' to interest rate advice

Greens senator Nick McKim accused the governor of "inducing many Australians to take out mortgages in the belief that interest rates wouldn't rise until 2024".

The Canberra Times

Homes selling for three per cent below asking price across the country

Last year and for the first half of 202 homes were generally achieving their asking price

Bristol Post

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The Canberra Times

'Well established' building firm accused of backpay failure

The firm and its director are accused of failing to comply with a regulator's notice to backpay a worker.

Liverpool Echo

Staggering costs of council development before a single house is built

Opposition leader demands to see exempt reports to find out "who knew what and when" about project

The Guardian - UK

The Tories are tearing themselves apart over housing – but this is another crisis of their own making

Twelve years of decaying public services mean any sensible conversation about much-needed new housing is impossible, says the Guardian columnist John Harris

ABC News

The Australian suburbs that have recorded the largest value declines since COVID-19 hit

Data reveals a list of suburbs where house and unit values have slumped back to pre-COVID-19 levels. With prices tipped to fall further, is it a good time to buy?

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news in one place.

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The Guardian - UK

High-rise mortgage costs see surge in rents across the UK

House prices may be falling as interest rates climb, but there’s no respite for tenants as property shortages bite

The Guardian - AU

Conflict of interest: have low cash rates created the ‘everything bubble’?

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

Evening Standard

Londoners facing squeeze as rental prices surge by 22%: ‘It is alarming’

Londoners trying to find a rental property in the capital are now facing record average prices of £571 a week, new research has shown.

The Independent UK

The renters facing homelessness as soaring demand pushes prices sky-high

Fierce competition between would-be tenants leaves many losing out – just as inflation sends costs soaring

Irish Mirror

Eamon Ryan not ruling out return of tax breaks for property developers amid housing crisis

“I won’t rule out further measures”

Tribune News Service

Is the South Florida real estate market crashing?

2021 was a record year for real estate in South Florida, yet the last eight months of 2022 have been about the market slowing. Questions linger as to how bad the decline in the market is and whether it’s headed for a crash.

Insider UK

McEwan Fraser Legal appoints managing director

The newly-created role is aimed at leading the firm's next phase of growth

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