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The Latest Breaking News on Real Estate

Residents of new Scottish town face two-year wait for shops

Hundreds of residents in a new East Lothian town face a wait of two years before they have their own shops, developers have revealed

The National (Scotland)

RBA ready to use rapid-fire rate cuts if Trump policies rattle Australia’s economy, minutes reveal

Reserve Bank vetoed a 50 basis point cut in cash rate last month, but is willing to take such action if global economy demands it

The Guardian - AU

Issues in social housing that Labour must tackle

Letters: Kate Henderson of the National Housing Federation says cuts over many years have exacerbated problems, while Katherine Maxwell-Rose voices the concerns of suffering residents. Plus a letter from Dr Carole Easton of the Centre for Ageing Better

The Guardian - UK

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House prices are dropping across London – but people are still having to leave the capital to buy

Several regions across the capital have seen dips over the last year

The Independent UK

Report casts doubt on Labour’s ability to hit affordable housing target

Exclusive: Chancellor urged to increase funding as study suggests government has overestimated its housebuilding figures for England

The Guardian - UK

Council tax warning: London borough says homeowners attempting to dodge double payments

Westminster Council is meeting with the government’s National Fraud Initiative to crackdown on homeowners who do not register their property correctly

Evening Standard

House prices rise by 0.5 per cent in May after April dip

Conditions for potential home buyers in the UK remain ‘supportive,’ Nationwide Building Society said

Evening Standard

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Michael moved to a Uniting Church farmhouse in Brisbane to escape homelessness. Now his landlord is evicting him to build more houses

The historic Mitchelton lot is set to be replaced by a 92-home subdivision, but Michael fears ending up living in his car again

The Guardian - AU

Treat social housing as critical infrastructure to unlock billions, says Peabody boss

Exclusive: Giving social housing same status as roads and energy would mean more investment in sector major providers say is at breaking point

The Guardian - UK

OPINION - John Banville: The year in London that changed my life

When I was growing up in a small town on the south-east coast of Ireland in the 1950s, London seemed as far away as Samarkand. We had seen it in the movies, of course — The Lavender Hill Mob, The Blue Lamp, The Ladykillers — but we knew that was…

Evening Standard

‘It’s a shock’: if you think Adelaide housing is affordable, think again

According to a new report, the South Australian capital is now Australia’s second-least affordable city after the perennially expensive Sydney

The Guardian - AU

‘Don’t tell them ... they’ll all come’: why are so many sea-changers moving to Geelong?

Coastal town, an hour from Melbourne, overtakes the Sunshine Coast in popularity. Cait Kelly asks locals what makes it such an appealing place to live

The Guardian - AU

£1.5bn in extra funding for military homes as part of defence review – Healey

The review, expected soon, will set out the money, which will be put towards work to improve housing and unlock further development.

Evening Standard

Colorado's governor vetoes landmark ban on rent-setting algorithms

Democratic Gov. Jared Polis has vetoed a bill that would have made Colorado the first state to ban landlords from using rent-setting algorithms

The Independent UK

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Newslaundry

Inside India’s shadow wealth: Just 3 lakh crorepatis in a nation of 1.4 billion

India’s wealthy elite love their cash – not just for convenience, but for what it hides. Despite a surge in digital payments, stacks of unaccounted currency still fuel real estate deals and many economic activities in the informal part of the economy, leading to tax dodging and funding of election…

Bored Panda

Gigi And Bella Hadid Reveal They Have A Secret Sister From Father’s Fling Over 20 Years Ago

"Aydan was born and raised in Florida, growing up with the man she lovingly knew as her father until his sudden passing when she was 19," the Hadid children stated.

The Guardian - UK

Inflation data shouldn’t deter us from rate cuts, says Bank policymaker

Alan Taylor voted for a 0.5-point cut last month and feels recent economic figures are led by one-off factors

Salon

Midlife's a breeze for gay men on TV

The gay men in "And Just Like That," "The Four Seasons" and "Mid-Century Modern" are the ones aging gracefully

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news in one place.

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The Guardian - UK

The Guardian view on social housing: invest boldly to tackle ‘simmering anger’ about substandard homes

Editorial: Two weeks before the spending review, the housing ombudsman has issued an important warning about a deepening crisis and growing human misery

The Guardian - AU

With Rosehill scratched where else can Sydney build housing? Here are seven potential sites

Chris Minns’ promise of a ‘Plan B’ blueprint to address the city’s housing crisis will, by his own admission, risk making ‘Nimbys irate’

Evening Standard

Nationwide calls for looser mortgage lending rules to help 10,000 more buyers

The lender said home buyers had been rushing to complete purchases ahead of tax relief being slashed from April.

The Independent UK

Mark Cuban and Wyclef Jean to headline Global Citizen's first Detroit summit on the future of cities

Global Citizen is unveiling the lineup for its summer conference on urban revitalization in Detroit

Evening Standard

'Simmering anger' over poor social housing conditions could lead to 'disquiet', warns watchdog

Complaints to Housing Ombudsman about substandard living conditions are more than five times higher than they were five years ago

The Guardian - AU

Selling a house in Australia is expensive. The ACCC is investigating one reason why

News Corp’s REA Group, behind real estate listings site realestate.com.au, is being investigated by the consumer watchdog amid complaints over its market dominance

The Guardian - UK

Housing ombudsman for England warns of ‘simmering anger’ over living conditions

Richard Blakeway says 474% increase in complaints to his office in last five years points to risk of ‘social disquiet’

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