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The Latest Breaking News on Real Estate

'A downsizer's dream': New project from Octobrick builder hits market at The Junction

The house is for sale with a guide of $3 million to $3.3 million.

Newcastle Herald

Trump Organization CFO takes the stand at NYC trial, implicates company in tax fraud case

NEW YORK — The Trump Organization’s longtime chief financial officer Allen Weisselberg took the stand in Manhattan Federal Court Tuesday as the star witness at the criminal tax fraud trial against Donald Trump’s family real estate business.

Tribune News Service

China’s October Home Sales Drop Again

Amid Covid outbreaks, slowing economy and property developer liquidity crisis, homebuyers stay on the sidelines, driving sales down 28.2% this year

Caixin Global

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The missing pieces of the RMA reform puzzle

The Government's plans to replace the reviled RMA receive cautious praise - but cross-party support proves elusive, while others see gaps yet to be filled.

Newsroom.co.nz

A Place In The Sun buyers break down after Jasmine Harman bombshell

Jasmine stared straight at the buyers before breaking the news

Liverpool Echo

House prices could plummet in parts of Nottingham as market predicted to be 'cooling'

A local property expert says the market has changed

Nottingham Post

Something has to give in this infernal housing rental market

LONDON rents have hit yet another record high, eating up 62 per cent of the average renting household’s post-tax income, according to one estate agent. Meanwhile, another record: the number of private tenants facing eviction for falling behind on their rent.

Evening Standard

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RBA moves to regain public trust after interest rates advice damages reputation

The Reserve Bank faces an uphill battle to regain the trust of Australians after its doomed interest rates advice.

The New Daily

10 UK regions where house prices are set to fall the most - see list in full

House buyers are set for a difficult year as the UK's property market is set to take a nosedive in the coming months, with a number of areas predicted to fall acorss the UK

Daily Mirror

Value of Landsec’s City offices drops almost 10% as borrowing costs bite

Return to ultra-low interest rates unlikely, boss Mark Allan said

Evening Standard

Central banks to shift away from ‘jumbo’ interest rate rises as outlook darkens

Economists expect smoother monetary tightening as policymakers worry about damage to growth

Financial Times

RBA signals it may pause further interest rate rises

Minutes of November Reserve Bank of Australia meeting say board is ‘prepared to keep rates unchanged’ while it assesses state of economy and inflation

The Guardian - AU

Newcastle and Lake Macquarie named among top six fastest-declining property markets in regional Australia

House values in the region recorded falls of six per cent over the last three months.

Newcastle Herald

‘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

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ABC News

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.

Daily Record

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.

Benzinga

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

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

The Guardian - UK

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

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AAP

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.

Evening Standard

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

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

The Guardian - UK

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 Independent 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.

Fortune

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.

Newcastle Herald

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.

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