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The Latest Breaking News on Real Estate

Rosehill owner bets big on $5b housing, metro plan

Turning a historic Sydney racetrack into homes for 55,000 people became a compelling opportunity once a $500 million metro station was put on the table.

AAP

Rental fix hinges on more homes, namely social housing

A parliamentary inquiry has called for continued funding for social housing in a comprehensive report on Australia's rental crisis.

AAP

Youth hires gang for murder of business partner in Anantapur, 11 persons arrested

The Anantapur Urban Police on December 6 (Wednesday) arrested eleven persons in connection with a murder involving rivalry between two youths who were once friends, allegedly perpetrated by a hired gang. Superintendent of Police K.K.N. Anburajan said that the accused seemed to have took inspiration from movies to execute the…

The Hindu

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Nationwide rescinds ‘work anywhere’ policy and tells staff to come to office

Exclusive: building society overturns previous CEO’s policy, with employees asked to come in for 40% of their contract from January

The Guardian - UK

Bracket creep is cooling Australia’s economy – it’s good news for interest rates but not for household budgets

The weak economy probably means the next RBA rates move – short of an inflation surprise next month – will be a cut

The Guardian - AU

Trump reveals why son Eric won’t testify again at fraud trial

No explanation was initially given by Trump family attorneys as to why former president’s second son would not be taking stand again

The Independent UK

Ireland offering asylum seekers tents amid acute housing shortage

New arrivals also given sleeping bags and extra money as they face prospect of sleeping rough

The Guardian - UK

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Speculative office construction starts rise in central London, as developers bet on good future demand

Property developer confidence in central London's office market is looking solid, with new data showing speculative construction schemes are on the up.

Evening Standard

As Mortgage Rates Rise, Renting Is Now Cheaper Than Buying for Many: The Kiplinger Letter

A jump in mortgage rates has caused housing affordability to slump and priced many first-time home buyers out of the market.

Kiplinger

The Apprentice: Holy Spider director is making new film about Donald Trump

Sebastian Stan will be playing a younger version of the New York mogul

Evening Standard

As offices sit empty and housing costs soar, some Texas developers are converting workspaces into apartments

Not every downtown high-rise is a good fit for an office-to-housing conversion, but some officials and developers see benefits in turning unused space into new residential units.

The Texas Tribune

Scottish town named among the UK's happiest places to live

See the town in Scotland named among the UK's 20 happiest places to live in the most recent Happy at Home Index from Rightmove.

The National (Scotland)

‘Happiest place to live’ in Britain revealed

One of London’s richest boroughs named happiest place to live in the country

The Independent UK

Station-centric housing plans 'appear half-cooked'

Communities are still waiting for details on a leaked housing plan across metro NSW that's been criticised as half-cooked and politics-led.

AAP

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Newcastle Herald

Newcastle's top 'bridesmaid' suburbs where you can save big dollars

Priced out of Merewether or Cameron Park? Then try these suburbs.

Chicago Sun-Times

Feds play recording of Burke seeming to link approval of Burger King permit with business for his law firm

“We were going to talk about the real estate tax representation, and you were going to have somebody get in touch with me so we can expedite your permits,” Burke was recorded saying during a call with an executive.

Evening Standard

Revealed: the London borough named UK’s happiest place to live

A London location has come top of Rightmove’s Happy at Home Index for the first time ever

Chicago Sun-Times

15-year Loop office lease for Department of Environment, police oversight commission OK’d by committee despite backlash

Expanding existing leased space near City Hall is crucial for the reborn Department of Environment and a new civilian police oversight commission, committee members were told. But some members complained there’s vacant government-owned space in their wards.

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news in one place.

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The Independent UK

Trump's defense at civil fraud trial zooms in on Mar-a-Lago, with broker calling it 'breathtaking'

Former President Donald Trump’s civil business fraud trial has turned to one of the topics that has vexed him most — the disputed value of his Mar-a-Lago club in Palm Beach, Florida

Newcastle Herald

Unique co-living tower with communal art space a first for the city

It could provide much-needed housing diversity in the CBD.

Reason

San Francisco's Can-Kicking on Zoning Reform Could See It Lose All Zoning Powers

Plus: the U.S. Justice Department says zoning restrictions on a church's soup kitchen are likely illegal, more cities pass middle housing reforms, and California gears up for another rent control fight.

The National (Scotland)

Councils to monitor second homes turned into short-term lets amid tax changes

Councils will monitor whether new tax changes for second homes will lead to the properties being turned into short-term lets instead, a minister has…

The Guardian - UK

Moody’s cuts China credit outlook to negative as economy slows

Rating agency says Beijing may need to bail out local governments as property sector collapses

The Guardian - AU

NSW government’s plan to address housing crisis by rezoning land around train stations accidentally revealed

Thousands of homes will be built around eight stations, details accidentally published online by the planning department show

The Guardian - AU

RBA interest rates: Australian mortgage holders spared pre-Christmas rise from Reserve Bank

The Reserve Bank of Australia keeps its cash rate on hold at 4.35% in line with expectations from economists after inflation continued to slow

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