Housing

Estate agents say rising mortgage costs have created a mood of fear, with Canterbury among the cities being hitHave you lost a mortgage deal or seen your rate rise?On a warm, spring morning in Canterbury, the cobbled streets are buzzing with activity and the white Tudor houses gleam in the sun.It is a scene that seems far removed from events in the Middle East, but the conflict is undermining business and consumer confidence – rattling the city’s housing market just as the spring selling season began. Continue reading...

Datacentres ‘directly competing’ with possible residential builds near public transport, one council tells NSW inquiry, amid growing concernsGet our breaking news email, free app or daily news podcastDatacentre developments are crowding out opportunities for housing and job-rich industries across Sydney, a New South Wales inquiry has heard, with one local council reporting a rise in blackouts linked to the industry’s expansion.Several Sydney councils, all facing an influx of datacentre developments, have raised concerns about the health, environmental and amenity impacts on their local communities in submissions to the state’s datacentre inquiry. Continue reading...

Simon Dudley fired after his comments were condemned by prime minister and families of fire victimsReform UK’s housing spokesperoson has been sacked his role after he described the Grenfell Tower fire as a “tragedy” but said that “everyone dies in the end”.Keir Starmer had called on Nigel Farage to sack Simon Dudley, a former head of Homes England, after his comments, which were condemned by Grenfell families and others. Continue reading...

Labour says it is ‘untenable’ for Simon Dudley to continue in his role after he said that Grenfell was tragic ‘but everyone dies in the end’Good morning. One of the big policy decisions for all parties ahead of the next election is whether or not to keep the pensions triple lock. Most mainstream economists and welfare experts think it is overly generous (pensioners used to be significantly poorer than working-age people, but that is no longer the case), and ultimately unaffordable. But it is popular, and pensioners turn out to vote in elections in much higher numbers than younger people.The Conservatives at one point suggested they might drop it, but Kemi Badenoch now defends the triple lock quite strongly. Labour has not said what its election plans are yet. Nigel Farage, the Reform UK, says he will take tough decisions to cut welfare spending, and he was thought to be sceptical about the triple lock. But Robert Jenrick, his Treasury spokesperson, is thought to be in favour, and at a press conference later they are expected to confirm Reform UK would keep it.Reform UK is facing calls to sack its housing spokesman after he said the Grenfell Tower fire was a “tragedy” but that “everyone dies in the end”.Simon Dudley, a former executive at Homes England and the Ebbsfleet Development Corporation, said the pendulum had “swung too far the wrong way” on regulation after the deadly blaze at the west London tower block in 2017.If Nigel Farage has an ounce of decency, he will sack his housing chief immediately.These disgraceful comments about those who died in the Grenfell Tower fire are beyond the pale and it is completely untenable for Simon Dudley to continue in his position. Continue reading...

• The Trump administration has proposed a federal regulation that would prohibit families with mixed immigration status from receiving housing assistance or living in public or Section 8 housing. • The proposal could evict approximately 80,000 people, including 37,000 children who are U.S. citizens, forcing mixed-status families to choose between homelessness or separation. • Advocates argue the rule directly targets immigrant families and contradicts current policy allowing federal housing assistance for families with mixed legal status, where the government only pays for individuals with legal status.

Policymakers should address financial barriers that hinder young people from starting families, says thinktank Politicians hoping to persuade young people in the UK to have more children should prioritise tackling housing affordability, according to research by the Resolution Foundation thinktank.There has been growing concern in recent years about Britain’s declining birthrate, given the long-term fiscal pressures of supporting an ageing population. Continue reading...

Exclusive: Capital gains tax discount and negative gearing rules created ‘extra artificial incentive’ for property speculation, the e61 Institute has foundGet our breaking news email, free app or daily news podcastThe combination of the capital gains tax discount and negative gearing rules has turbocharged debt-fuelled property speculation over recent decades, according to a new analysis of hundreds of thousands of property investments.The federal budget in three weeks’ time is widely expected to include changes to tax breaks for investors, in an effort to rebalance the tax system away from the wealthiest Australians and to take pressure off home prices. Continue reading...