High-End Homes Hit Hardest in Australia's Property Downturn
Australia's property downturn is hitting high-end homes hardest, with values down over 10% in some cities, while a new report warns coastal flooding could damage 267,000 properties by 2100.
Category : Property Market
Catford regeneration plan revised by Lewisham Council
Lewisham Council reveals a revised Catford Town Centre Business Plan 2026-2030, focusing on transport, housing, and public realm improvements, with 113 affordable homes and station link upgrades.
UK house prices see first annual fall in nearly three years
UK house prices fell 0.4% year-on-year in August, the first annual drop since November 2023, as higher mortgage rates and uncertainty weighed on buyers, according to Lloyds.
Bathla stands down 213 workers amid funding crisis
Bathla Group, a Sydney-based developer, has stood down 213 employees—60% of its workforce—as administrators seek emergency funds to prevent a company-wide collapse.
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Bathla Group faces closure by week's end without new funding
Bathla Group administrators warn the Sydney developer will fold by Friday unless funding is secured, with 350 staff unpaid for eight weeks and thousands of homebuyers left in limbo.
Sydney rents eat 69% of average worker pay, study finds
A new report shows renting a unit in any Australian capital city costs a typical single worker over half their take-home pay, with Sydney's median rent at 69%.
Newham exodus: 16,000 leave as affordability and isolation bite
Newham lost over 16,000 residents to internal migration in 2025, ranking second in England. Residents cite housing costs, lack of amenities, and isolation as key reasons.
£200k Chester bungalow transformed into dream home
Claire and John Champion renovated a £200,000 Chester bungalow into a dream home, adding dormer extensions and three bedrooms, and now live mortgage-free.
Southwark Council cracks down on rogue landlords under new Act
Southwark Council has introduced tougher sanctions for rogue landlords under the Renters Rights Act 2025, including civil penalties, banning orders, and prosecutions. Private tenants can report issues via email or phone.
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Zuckerberg buys 440-acre Strancally castle estate in Ireland
Meta CEO Mark Zuckerberg and his wife Priscilla Chan have purchased Strancally Castle, a 440-acre gothic-style estate in County Waterford, Ireland, for an estimated €20m-€30m as a base during visits.
Utility Fees Push Tenants to Eviction, Study Finds
A new study reveals that utility fees, often overlooked, are a major driver of eviction filings in the US, disproportionately affecting low-income renters.
Camden Advances £1bn O2 Centre Plan with Fewer Affordable Homes
Camden Council is set to approve changes to the £1bn O2 Centre regeneration, cutting affordable homes by 240 after Mayor Sadiq Khan reduced targets from 35% to 20%.
Waitrose tops Which? list for shortest fresh food shelf life
Which? investigation finds Waitrose delivers fresh groceries with the shortest shelf life, averaging 7.7 days, while Asda offers the longest at 10.4 days.
Housing crisis politics: no clear plan from parties
Housing is central to political debates, but parties lack coherent plans. Economist Saul Eslake discusses what works and why politicians fail to fix the crisis.
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Woman Buys Childhood Dream Home for £268k, Plans France Move
Danielle Pearce fulfilled a childhood promise by buying her grandad's admired 17th-century Doncaster home for £268,000. Despite costly renovations and high bills, she's now selling to move to France.
London Exodus: 132k More Leave Than Arrive
London lost 132,000 more residents than it gained in 2025, as 420,000 left for other UK areas, driven by housing costs and flexible working.
Met Office forecasts sixth heatwave in September
The Met Office forecasts a sixth heatwave in September for London, with temperatures above average and possible hot spells, as climate expert Jim Dales warns of 'trouble'.
Revolut cuts WeWork perk for Londoners amid renegotiation
Revolut's Metal and Ultra customers lose WeWork access in some European cities, including London, after renegotiation, impacting remote workers.
Two jailed for 14 years over City of London watch robberies
Two men jailed for 14 years for violent watch robberies in City of London, victim says he no longer trusts strangers.
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Falling House Prices: A Silver Lining for Mortgage Holders
Australian house prices are falling, but experts say this is good news for mortgage holders, easing affordability and reducing borrowing pressure.
Australia's Auction Love Affair Fades as Listings Shift
Australian property auctions are declining, with auction listings down 20% year-on-year while total listings rise 22.8%, signaling a market shift toward private treaty sales.
John Goodman, 74, stuns with 200-pound weight loss
John Goodman, 74, shows off 200-pound weight loss in a supermarket selfie with David DeLuise, prompting fans to call him unrecognizable.
UK house prices flat in July, says Lloyds
UK house prices were broadly stagnant in July, with average property cost at £299,253, down £143 from June, as higher mortgage rates and Middle East uncertainty squeezed buyers, according to Lloyds.
Newham Bookshop faces closure over £20k rent hike
Newham Bookshop, a beloved East London independent since 1978, faces closure after Newham council demands a 32% rent increase with £20,000 backdated payment, sparking community outcry.
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Charing Cross office block set for major retrofit
Bridgemont files plans to retrofit 1 Embankment Place, delivering 35,000 sqm of Grade A office space and upgrading Villiers Street, retaining 90% of the structure.
TG Jones rescue plan risks 'very considerable', judge warns
Judge approved TG Jones rescue plan but warns of 'very considerable' execution risks, £3m valuation vs £40m purchase, 150 stores closing.
BedJet Review: Climate Control for Better Sleep
The BedJet, a device that blows cool or warm air under your sheets, improved sleep for one hot, sweaty reviewer, but it's pricey and has quirks.
How Shui On Land's 2026 Strategy Will Reshape It
Shui On Land embarks on a pivotal 2026, cutting debt and championing asset-light, heritage-led urban regeneration. A blueprint for China's property developers.
M&S Unveils £700m Growth Strategy with Pantheon Revamp
M&S CEO Stuart Machin unveils a new-look Pantheon store as a blueprint for its £700m growth plan, targeting 200 full-line stores and doubling food sales amid fashion and overseas challenges.
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Broadstairs house prices soar by £130K as sea view demand surges
Asking prices for sea view homes in Broadstairs, Kent, have risen by £128,943 since 2019, reaching £528,280 in 2026, driven by London exodus and coastal appeal.
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