In some New South Wales suburbs, rents have fallen by $100 a week

As the rental crisis continues to smash NSW residents, the suburbs with the greatest annual fall in rental growth for houses and units have been revealed. New data by Proptrack revealed rent in some suburbs in the state has fallen by a whopping $100 a week. The suburb where rental house prices have fallen the … Read more

Single mother forced to move from Queensland to Tasmania to find a rental as Australia’s housing crisis deepens

When Zoe Chalmers separated from her husband of 15 years last year, she wasn’t ignorant of the housing crisis facing renters — but she didn’t think it would be a near impossible task to find a home. After her rent was increased, the 35-year-old had hoped to downsize to a more affordable home. She said … Read more

Rudy Giuliani should sell $3.5 million Florida condo, creditors claim

Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, arrives at the E. Barrett Prettyman U.S. District Courthouse in Washington, D.C., on Dec. 15, 2023. Anna Moneymaker | Getty Images Creditors want to force Rudy Giuliani to sell his $3.5 million Florida condo to help pay his significant debts, according to a … Read more

Vonovia shares fall after biggest ever loss

Construction workers are seen at a new condominium building project in Huerth, western Germany, on April 5, 2023. Ina Fassbender | Afp | Getty Images Shares of German property giant Vonovia fell more than 7% on Friday, shining a light on a deepening real estate crisis in Europe’s largest economy. The residential real estate company … Read more

Weekly mortgage demand jumps again, as interest rates fall below 7%

A For Sale sign is posted in front of a home for sale in San Marino, California on September 6, 2023.  Frederic J. Brown | AFP | Getty Images Mortgage rates swung slightly lower last week, fueling a significant jump in mortgage demand for the second straight week. Total application volume rose 7.1%, compared with … Read more

New York AG questions Trump cash reserves in $464 mln fraud appeal

Former U.S. President Donald Trump speaks as he arrives at a Manhattan courthouse, for the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, in New York City, U.S., October 2, 2023.  Brendan Mcdermid | Reuters Former President Donald Trump has … Read more

Australian house prices surge since start of COVID-19, supply failing to meet ‘unprecedented’ demand

House prices have surged more than 30 per cent across Australia since the outbreak of COVID-19, a report has found. Since COVID was declared a global pandemic in March 2020, property group CoreLogic found its national home value index rose by 32.5 per cent. The increase meant the median value of an Australian house rose … Read more

President Biden floats $10,000 first-time homebuyers tax credit

Cavan Images | Cavan | Getty Images President Joe Biden has floated plans to address the country’s affordable housing issues, including new tax breaks for first-time homebuyers and “starter home” sellers. However, experts have mixed opinions on the proposals. “I know the cost of housing is so important to you,” Biden said during his State … Read more

China may have to resort to a tried-and-tested tactic to power its ‘new leap forward’

A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images China wants to unleash a “new leap forward” with “new productive forces” — but President Xi Jinping may need to resort to an old tactic to hit the country’s ambitious growth target this year, one economist warns. Beijing set … Read more

Trump’s best option to get $540 million for legal penalties could be ‘clean’ property, private lenders

Republican presidential candidate, former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center on February 20, 2024 in Greenville, South Carolina.  Justin Sullivan | Getty Images Donald Trump is racing to stave off a pair of civil penalties totaling nearly $540 million — without having to first put … Read more