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The Latest Breaking News from REA

Rupert Murdoch-owned firm REA makes £5.6bn offer for Rightmove

Board rejects non-binding indicative proposal of 705p a share for UK’s biggest online real-estate portal

The Guardian - UK

Why are the Murdochs trying to buy UK property site Rightmove?

Eldest son Lachlan may want to repay Rupert for bid to hand him full control by protecting UK newspaper empire

The Guardian - UK

Rightmove can play hardball on asking price. It doesn’t need a Murdoch takeover

The UK property portal is in a strong position and is under little pressure to sell at anything other than a silly figure

The Guardian - UK

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Rupert Murdoch-owned firm REA Group weighs up bid for Rightmove

UK property portal’s shares surge up to 25% in early trading amid interest from Australian property company

The Guardian - UK

Rightmove tops FTSE 100 after international bid interest from Murdoch's REA

Shares soar by almost a quarter

Evening Standard

Volkswagen considering German plant closures and job cuts; UK factories report fastest growth in over two years – as it happened

German carmaker VW may make historic German plant closures in cost-cutting drive

The Guardian - UK

Aussie shares rebound, rise to just under all-time high

After being down as much as 0.8 per cent in early trading, the ASX200 moved into positive territory in afternoon trading to finish up 0.2 per cent

AAP

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Property market picking up in smaller capital cities

REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.

AAP

10 stunning hotels on Albania’s Riviera

Albania’s unspoilt Ionian coastline offers blue seas, picturesque villages and chic places to stay at great prices

The Guardian - UK

Europe’s climate laws could spell the end to low-cost flights - but what about private jets?

The era of low-cost air travel in Europe may be over for good, thanks in part to recent EU environmental policies. All in all, this is good news for the climate. But many low- and middle-income people who used to travel around the EU will no longer be able to…

The Conversation

Australian households on six-figure incomes can now only afford 13% of homes

New report shows housing affordability has reached its lowest levels in decades as market continues to rebound

The Guardian - AU

Rio Ferdinand, Mike Ashley and the maker of Hollyoaks: The 17 latest North West deals

BusinessLive has rounded up some of the latest top deals you should not miss

Birmingham Post

AO, LDC and Mike Ashley's Frasers Group: The 14 latest North West deals

BusinessLive has rounded up some of the latest top deals you should not miss

Birmingham Post

Inside the 'opaque' property tech sector that helps real estate agents decide who gets a lease in a rental shortage

Australian technology companies that process rental applications for the real estate industry appear to be pulling back their platforms, as consumer backlash grows about the fledgling industry's allegedly "opaque" practices.

ABC News

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The New Daily

Alan Kohler: If Anthony Albanese was serious about the rental crisis, he would do this

If Anthony Albanese was serious about dealing with the 2023 rental crisis, he would resuscitate Kevin Rudd’s NRAS.

ABC News

Rents rising at slower pace despite 'record high' 10pc surge last year, CoreLogic says

Australian landlords passed on their biggest-ever rent increases in 2022, and the cost-of-living situation is unlikely to ease significantly for tenants in coming months.

Dublin Live

Dublin house prices fall for first time in three years

The trend is being seen across Ireland in a sign that the times are changing

Pedestrian.tv

This Routine Inspection Checklist From A Sydney Real Estate Agent Is Completely Out Of Control

"Is it just me, or is this checklist for a routine inspection from a REA in Sydney completely excessive and unreasonable?"

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AAP

Ransom payouts lure 'lowlife' hackers: REA

REA Group's chief says the company behind Australia's biggest property website wouldn't pay a cyber attacker's ransom as it only encouraged more hacks.

ABC News

Melbourne renters forced out as city prices bounce back to pre-pandemic levels

Renters who secured affordable properties in Melbourne during the height of the pandemic are being forced out of the inner city, with some reporting rent increases of more than 30 per cent.

The Hindu

Hyderabad housing sales growth second highest in country: Report

Recent spike in property prices has had little impact on home buyers

ABC News

Property boom over in Sydney and Melbourne — but prices still rising elsewhere

Property prices now seem to be cooling off after the pandemic boom, at least in the biggest cities, but many prospective first home buyers have already been priced out of the market.

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