Articles on Real estate

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New York has become a ‘city for the rich’ in recent decades, a shift in its real estate market that impacts policy-making, too. Alessandro Colle / Shutterstock

New York’s new rental protections won’t end the outsize influence of big developers who pay the city’s bills

New York City's municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.
A cleverly-designed auction can make sure strata-titled apartment blocks are only sold when all of the owners are happy. Tom Rabe/AAP

Evictions versus holdouts. How to painlessly dissolve a strata title

It's not fair to evict people against their will. On the other hand, one holdout shouldn't be able to derail the sale of an entire strata-titled apartment block. Now an international team has come up with an ingenious solution.
Whether there is a floor beneath which cuts in interest rate are ineffective depends in part on house prices. Shutterstock

Vital Signs: when cutting interest rates might not help

It is thought that it doesn't help much to cut official interest rates toward or beyond zero, and maybe it doesn't, but new research suggests the answer has a lot to do with the housing market.
Vendors in Australia are not legally obliged to tell prospective buyers about past crimes such as murder committed on the property. Dan Peled/AAP

What should buyers of a house be told about it?

It's still mostly a case of 'buyer beware' when it comes to finding out about a property. But many buyers feel they should be told if, for example, it was the scene of a violent murder.

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