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Australian Program Added 100K New Homeowners in Three Years

Australian Program Added 100K New Homeowners in Three Years

by Phil Hall | Jun 12, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s federal government announced 100,000 households have been able purchase their own residential properties since the introduction of the Home Guarantee Scheme (HGS) three years ago. According to the Australian Property Journal, the HGS program is designed to...
Construction Begins on Frank Gehry’s Toronto Residential Towers

Construction Begins on Frank Gehry’s Toronto Residential Towers

by Phil Hall | Jun 9, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Iconic architect Frank Gehry has announced the official start of construction on Forma, the high-rise residential towers in his birthplace city of Toronto. Located at 266 and 276 King Street West in the center of Toronto’s entertainment district, Forma will offer...
Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

by Phil Hall | May 30, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The U.K. housing market experienced the removal of roughly 800 mortgage deals from the market last week as the nation faces growing uncertainty over interest rate hikes. According to the data resource Moneyfacts, the number of residential mortgages on the U.K declined...
UK Homeowners Facing Mortgage Rates Over 5%

UK Homeowners Facing Mortgage Rates Over 5%

by Phil Hall | May 26, 2023 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

While Americans are dealing with mortgage rates in the mid-6% range, their U.K. counterparts are being warned that they will be burdened with 5%-plus fixed-rate deals in the coming weeks. According to a report in The Guardian, the publication on Wednesday that April’s...
Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

by Phil Hall | May 25, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadians have looked to the future and roughly one in four plan to buy investment property over the next five years. According to a new survey from Royal LePage, 11% of Canadians – approximately 4.4 million people – currently invest in residential real estate. Of...
Sydney Opera House Receives 6 Star Rating for Sustainability

Sydney Opera House Receives 6 Star Rating for Sustainability

by Phil Hall | May 25, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s Sydney Opera House is hailed as one of the world’s most visually innovative structures. And now it can also claim to be a global leader in sustainability. According to a report from Facilities Management Advisor, the Sydney Opera House was awarded a 6 Star...
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