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The Latest Breaking News on Real Estate

London is now a no-go zone for developers, warns capital's biggest housebuilder after shopping centre plan rejected

Berkeley Group warned London’s ‘housing crisis will deepen’ after its scheme for 867 flats on the site of the Aylesham Centre in Peckham was dismissed

Evening Standard

Scrap stamp duty and council tax to fix London's housing crisis, think tank says

The Centre for London said replacing the two with an annual property wealth tax could help renters to save and encourage downsizing

Evening Standard

Combining social justice and housing briefs ‘deflating’, says Shelter Scotland

Shirley-Anne Somerville has been appointed Social Justice and Housing Secretary in the Scottish Government.

Evening Standard

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Indian realtor in New Zealand says neighbour urinated on fence, egged cars: 'My family and I have...'

An Indian-New Zealand real estate agent has spoken out after years of targeted harassment by a neighbour, including eggs thrown at his cars, rubbish dumped outside his home and repeated racist abuse.

The Times of India

Open plan is not the answer: design professionals on the dos and don’ts of small space living

From furniture with ‘skinny legs’ to making sure spaces work for multiple purposes, three experts who live in tiny homes share their best lessons

The Guardian - AU

How Labor’s budget hit the brakes on Australia’s housing market

Economists believe home values are set for their first national slump since 2022, though Australia’s persistent housing shortage means any fall would be short term

The Guardian - AU

‘Marginal change’: Keating lashes Coalition, John Howard and startup sector over CGT claims

Former Labor prime minister says the wealthy have been beneficiaries of tax system ‘distortion’ for decades

The Guardian - AU

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Death, taxes and scare campaigns: here’s the truth about Labor’s budget changes

Conservative media is stoking unfounded fears on reform. If Albanese wants an easy win, he should prioritise a popular tax on gas exports

The Guardian - AU

More than £52m reserved for social housing at risk after collapse of investment firms

Exclusive: 3,500 social homes could switch to private sector after companies run by Heylo Housing group go into administration

The Guardian - UK

Peter Aldington obituary

Architect of modernist houses who combined an attention to materials with a sensitivity to space indoors and out

The Guardian - UK

Single Gen Z women outpace Gen Z men to homeownership despite overall decline in first-time buyers

Single Gen Z women are outpacing the men of their generation when it comes to buying a home

AAP

Scrap stamp duty and council tax to fix London housing crisis, thinktank says

Centre for London report finds levy on property wealth would free up homes, fund social housing and help renters save for deposits

The Guardian - UK

'Making more': why young people will keep investing

Young buyers in Australia say the share market is still where they will put their money, despite incoming changes to the capital gains tax discount.

AAP

Eastern Economic Corridor condo prices decline again in Q1

Condo prices in the Eastern Economic Corridor (EEC) declined in the first quarter, marking a second consecutive quarterly decrease as developers accelerated stock clearance campaigns amid sluggish purchasing power and elevated unsold inventory.

Bangkok Post

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AAP

Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

Evening Standard

Controversial plan to bulldoze south London shopping centre for almost 900 homes rejected

Berkeley Homes had applied to build 867 homes on the site of the Aylesham Centre in Peckham

The Guardian - AU

Scrapping 86,000 new car parking spaces could save $5.2bn and drive down rents, Grattan report finds

About 40% of parking spaces under apartments in Australia sit empty, yet strict planning rules mean more unwanted spots continue to be built

AAP

Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty

Home Depot's results beat Wall Street's expectations in the fiscal first quarter on a strong showing from professional customers while homeowners started stocking up on some of their spring supplies

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AAP

Home Depot's first quarter is driven by homeowner spring buying and professionals

Home Depot's results beat Wall Street's expectations in the fiscal first quarter on a strong showing from professional customers while homeowners started stocking up on some of their spring supplies

Bangkok Post

PSH maintains targets despite Q1 dip

SET-listed developer Pruksa Holding (PSH) has maintained its revenue and sales targets at 15 billion baht and 16.5 billion baht, respectively, despite a slight decline in the first quarter, banking on a stronger performance in the fourth quarter.

The Guardian - AU

‘Death tax’, startups and a rent spike: it’s time to correct misleading claims about Labor’s budget

Jim Chalmers’ budget has proved controversial. But who will really be affected and how?

International Business Times UK

'A Boss Shouldn't Dictate My Success': Entrepreneur Rejected £2,300 Salary — Built $75M Property Career

Claire Tan turned down salary offers to start her own business at 17. She now runs two companies and has transacted over £58m in Singapore property

Kiplinger

A 1031 Exchange May Look Great for You on Paper, But It's Not Just About Taxes

If you're considering a 1031 exchange after making a large capital gain from selling a property, stop and ask how it will affect your portfolio in the long term.

AAP

Mixed results from first post-budget auction weekend

The treasurer and prime minister are doing a sales job on government attempts to boost housing supply as property investors chew budget changes to tax breaks.

The Times of India

Why are millions of homes in Japan empty: Inside the shocking rise of abandoned “ghost houses” across the nation

Across Japan, something unusual is happening in plain sight. Entire neighbourhoods have houses that still stand, but nobody lives inside them anymore. Windows stay closed for years. Gardens grow wild, and paint fades slowly in the weather and over time. Reportedly, Japan has around 9 million vacant homes, a figure…

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