Banking & Risk Controls: Philippine banks cut property-sector exposure to the lowest share in 7+ years, with real estate loans at 18.72% of lending as higher borrowing costs and uncertainty cool demand, though total lending to the sector still rose to P3.2T. Market Downturn Watch: Australia’s spring listings look set to stay sluggish, with new listings running below the 5-year average and Sydney leading the retreat as sellers hold back and advertised stock stays elevated. Housing Delivery via Infrastructure: Townsville won $64.5M for wastewater upgrades to unlock 3,000+ homes in the Upper Ross growth corridor, tying funding to faster, planned development. Local Planning & Rezoning: Bradford Council is reviewing a plan to replace a mill with 22 homes in Oxenhope, while Barre is weighing competing bids for the last of flood-recovery housing funds. Development & Policy Friction: Newsom faces backlash over a proposed environmental carve-out for a Santa Monica oceanfront project tied to a political donor, raising fresh questions about coastal rules. Regulation & Oversight: Multnomah County auditors flagged potential overpayments on real estate purchases, citing weak purchase policies and reliance on broker price opinions. New Supply on the Ground: Badger West Residences opened near UW-La Crosse with 48 student-focused studio units that are already fully occupied.