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The Latest Breaking News on Real Estate

Bank of England likely to ignore calls for rate rise restraint despite inflation fall

Business groups and economists fear further increases risk rise in corporate bankruptcies and unemployment

The Guardian - UK

Bank of England may ease pressure on mortgage holders today by pausing interest rate rises

Markets see Thursday’s interest rate decision from the Bank of England’s Monetary Policy Committee more or less a coin toss

Evening Standard

Short-stay levy draws flak as housing vision unveiled

An Australian-first levy on short-term accommodation headlines a generational shake-up to Victoria's housing and planning sectors.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

One year since the mini-Budget: meet the Londoners caught out by ‘astronomical’ rent rises and mortgage mayhem

A year after the mini-budget and with another interest rate rise looming, we hear from Londoners coping with the stress of spiralling costs

Evening Standard

Australian-first 7.5% levy to hit all Airbnb and short-stay accomodation in Victoria

Daniel Andrews also announces redevelopment of 44 public housing towers and more renter protections

The Guardian - AU

Victoria expected to fast-track major development applications and introduce new rental protections

Andrews government expected to detail crackdown on rent bidding and stop landlords from raising prices after asking previous tenant to vacate

The Guardian - AU

NSW state budget: advocates criticise the ‘crumbs’ allocated to social housing

Community Housing Industry Association says Labor treasurer Daniel Mookhey’s announcements are ‘extremely disappointing’ for those on wait lists

The Guardian - AU

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Greens slam move to issue permits to 40 granite quarries in Wayanad

Env. orgs. in Wayanad slam govt. for failing to take action against SEIAA for issuing env. clearance to granite quarries in ecologically fragile areas w/o impact assessment. NGT directed govt. to dismiss SEIAA for granting clearance to ₹350-crore project in Kozhikode flouting norms.

The Hindu

Towers to be torn down for first housing 'accelerator'

Victoria will spend its share of federal housing funding building 769 new homes, including more than 230 in a redevelopment of two dilapidated Melbourne towers.

AAP

Affordable housing gets 'crumbs' in NSW budget

Affordable housing and homelessness advocates are disappointed by the NSW Labor government's first budget, which they say neglects the scale of the crisis.

AAP

‘Derelict’ Carlton towers to be demolished and rebuilt in federal housing fund’s first project

Anthony Albanese praises Victorian government for not ‘flogging off’ site to developers as he announces project alongside Daniel Andrews

The Guardian - AU

Fast rail axed in $2.5bn budget cuts – as it happened

Go-it-alone approach to building network between Sydney, Newcastle and Wollongong shelved entirely

The Guardian - AU

NSW budget: Labor points to ‘decade of neglect’ but lack of housing showstopper may leave voters underwhelmed

NSW treasurer Daniel Mookhey points to ‘largest debt any incoming state government has ever inherited’ as he hands down party’s first budget in more than a decade

The Guardian - AU

NSW Labor pledges $2.2bn for housing and infrastructure in first budget in a decade

Figures reveal NSW is expected to be back in the black next financial year and will focus on paying down debt

The Guardian - AU

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Chicago Sun-Times

Critics allege Chicago-based National Association of Realtors tolerates sexual harassment, calls for CEO Bob Goldberg to resign

Former staffer tells Sun-Times of incidents involving forced physical contact at events the association organized.

Newsroom.co.nz

Auckland Mayor wants Wellington out of the way

In a manifesto sent to all major political parties, Wayne Brown said the ‘engine room of New Zealand’ should plan itself

The Guardian - UK

England’s big social housing landlords ignoring official complaint warnings

Calls for government to get tougher after record number of non-compliance on orders to improve handling of tenants’ complaints

The Conversation

International students are not to blame for Canada's housing crisis

At the start of the new academic school year, around 30 students at Canadore College in North Bay, Ont. held a protest to decry the lack of accommodation provided to international students.

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AAP

More homes put up for sale as property rebound sets in

The spring selling season looks to have started early, with national listings surging more than 20 per cent in the last month of winter.

Evening Standard

Minister urged to un-freeze housing benefit amid rising homelessness

A City Hall politician has urged minister Mel Stride to increase local housing allowance

The Guardian - UK

Beware sharper economic slowdown and tougher inflation, warns adviser to central banks

Bank of International Settlements said markets risk ignoring aftershocks from inflation such as insolvencies and property price falls

Chicago Sun-Times

Raising real estate transfer tax would doom renters, businesses and many homeowners

Beneath the enticing surface of Bring Chicago Home, this proposal imposes hidden burdens, a coalition of business leaders writes.

The Guardian - UK

Pub closures rise sharply amid warning over planned business rate change

Nearly 400 pubs closed their doors for good in England and Wales in first half of 2023, almost as many as the whole of 2022

The Guardian - UK

We bought a house with my parents – can we get a mortgage to buy their share?

We’ve been told that no one would lend to us if they were still living in the property and fear we’re stuck

The Guardian - UK

Proportion of UK house sellers cutting asking price reaches ‘highest in over a decade’

More than 36% of properties have had asking price cut at least once — the highest figure since 2011

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