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The Latest Breaking News on Real Estate

‘Reputational damage’: RBA admits failure in COVID interest rates outlook

The Reserve Bank has admitted its prediction that interest rates would be unlikely to rise until 2024 wasn't "well suited" to COVID.

The New Daily

Queensland property 'hotspots' no longer resisting dip in house prices, new data reveals

Sunshine Coast house prices record the biggest fall in regional Queensland, down 7.1 per cent, followed by the Gold Coast, where prices dropped by 6.4 per cent.

ABC News

Couple 'laughed at' for buying 'fixer-upper' house branded too big a job to transform

David and Amy ignored their critics to purchase the house with 'ten minutes to spare' before the estate agent closed.

Daily Record

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Will Home Depot, Lowe's Earnings Reveal A Housing Market Correction?

A long-dreaded nightmare might be coming true for the housing sector.

Benzinga

What is happening to the UK homebuying and rental markets?

House prices for buyers have started to fall, while housing rents have reached record highs

The Guardian - UK

Regions hold up as city home prices dive

Regional home prices soared during the pandemic and are so far proving more resilient to interest rate shocks than metropolitan markets.

AAP

Protests planned in London as record numbers of private renters face eviction

The number of private landlord possession claims are now at the “highest level ever”, government data reveals

Evening Standard

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London house prices drop £13,000 in a month as jittery buyers step back from the market

The housing market is still feeling the effects of September’s mini-Budget

Evening Standard

Exodus of first-time buyers puts brakes on UK housing market

Hike in mortgage costs after mini-budget cuts 20% off buyer demand in October

The Guardian - UK

£4,159 fall in average price tag on a home in November

While asking prices for homes are falling, average rents are heading upwards as higher mortgage rates keep people renting for longer, reports suggest.

The Independent UK

The Pandemic Housing Bubble is bursting, says KPMG

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

Fortune

Health, housing rate badly in Hunter: Property Council survey

Health service access and road quality and traffic were rated worse by Hunter residents than anywhere else in the state while housing remains the region's biggest concern, according to a new survey.

Newcastle Herald

Couple seeking dream home 'laughed at' for decision to take on huge renovation project

Amy Wright and David Lavery were 'laughed at' for their ten-minute decision and offer on a large renovation project - but were determined to buy their dream home

Daily Mirror

The three-bed Lawrence Weston fixer-upper on the property market for £150K

Terraced properties have sold in this Bristol area for an average of £292,750

Bristol Post

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ABC News

Concerns NT government homes not built to last as it surges ahead with Remote Housing Program

The race is on for the NT government to build 2,000 bedrooms in remote desert communities by June. But Aboriginal housing groups worry these new homes aren't sustainable.

ABC News

Gold Coast affordable housing requires rethink, says town planner

There is a "growing generational and economic divide" emerging in the Gold Coast's housing market, says a town planner as the city shapes how it manages a population surge.

Tribune News Service

It's the worst time to buy a home in a generation, US survey shows

U.S. consumers are seeing home buying conditions at their worst in a generation as mortgage rates soar in response to the Federal Reserve’s aggressive tightening cycle.

Edinburgh Live

Edinburgh property: Incredible fixer upper with vast garden and wood-panelled room

The two-bedroom Hawkhill Avenue flat in need of modernisation and upgrading is now up for sale and will become an ideal project for a DIY-loving local.

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AAP

House hunters could look to border towns

First home buyers in Victoria and Queensland could enter the market sooner by looking over the border after NSW introduced significant property tax changes.

Liverpool Echo

Channel 4 A Place in the Sun buyers 'speechless' over £115,000 apartment

Mo and Anthony were looking for a holiday home in Torremolinos

Evening Standard

London’s house price growth rate beaten by the home counties

Research from Saxo shows house prices in the stockbroker belt are rising faster than inside London

Daily Mirror

A Place In The Sun host given 'final chance' by fed up house hunter in prickly exchange

A Place In The Sun host Leah Charles-King was tasked with some hard-to-please home seekers when helping the pair purchase a property in Spain.

StockNews.com

2 Real Estate Services Stocks to Avoid the Housing Market Pulls Back

Mortgage rates continue to soar amid consecutive federal rate hikes, while consumer confidence in the housing sector has vastly declined. Amid declining homebuyer demand, fundamentally weak real estate services stocks Opendoor Technologies (OPEN) and Fathom Holdings (FTHM) could be best avoided. Keep reading….

Evening Standard

London Zone 2 homes for sale: 10 properties for less than the £630,000 travel zone price average

Dream of living more centrally? If you dig and delve, there are inner London flats, maisonettes and houses to be found for less than you might expect.

Birmingham Post

South West warehouse demand fuelled by ESG and chronic shortage

Analysis by Avison Young has found a ‘a wall of occupiers’ in Bristol unable to find what they require

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