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The Latest Breaking News on Real Estate

Election 2024: migrants aren’t to blame for Britain’s housing crisis

Migration has become “the most toxic issue” in British politics, driving intensely emotional debates that are often based on prejudice and misunderstanding. Similarly emotional is housing – a finite resource in high demand at a time of crisis. Throughout Europe, housing shortages have become political battlegrounds, easily exploitable by right-wing,…

The Conversation

Treasury, IRS To 'Close Major Tax Loophole' To Bring $50 Billion In Government Coffers

The plan will focus on "related party basis shifting," which is typically used by related parties to increase deductions on assets or reduce future gains, thereby lowering the tax liability of the entities involved.

International Business Times

China's Property Sector Remains Lifeless And Factory Output Shows Dismal Performance

China's property market showed worrisome inactivity while factory output fell short of expectations.

International Business Times

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Home-building surge in tight budget of 'must-haves'

Record spending on social housing has headlined the Minns government's second budget as the NSW treasurer blames GST changes for rolling deficits.

AAP

London house prices remain flat — but can you guess the borough that's seen a 10% increase?

Rightmove’s index of asking prices reveals the latest trends, as house prices start to rise once more

Evening Standard

China new home prices drop at fastest rate in nearly a decade

Property glut holds down prices despite government attempts to revive market

The Guardian - UK

Cost Segregation: Six Real Estate Businesses That Can Benefit

By conducting a cost segregation analysis, property owners and others could find building components that could be depreciated, leading to tax savings.

Kiplinger

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China keeps lending rate unchanged as data show housing market is still struggling

China has kept a key lending rate unchanged despite signs of continued weakness in the second-largest economy's manufacturing and the property sectors

The Independent UK

UK house prices remain near record high with little sign of election impact

Rightmove says demand from buyers up 5% with caution detected only among would-be sellers at top of market

The Guardian - UK

Here’s how much the average price of a home dropped by in June

Some potential sellers appear to be ‘watching and waiting’ as General Election approaches

The Independent UK

Renters could be hit in $1.5b 'sneaky' budget tax hike

Landlords, holiday-home owners and businesses could be hit with higher taxes in the NSW budget, while $200m has been set aside for homes for regional workers.

AAP

Yimbies welcome Labor’s plan for more housing in Melbourne and Geelong but question priorities

Strategy could deliver 2.5m new homes – and Jacinta Allan doesn’t rule out forcing councils to hit targets

The Guardian - AU

RBA likely to hold rates as price pressures loiter

The Reserve Bank of Australia is expected to hold interest rates at 4.35 per cent and keep its options open on its next move.

AAP

Victoria’s premier unveils new housing targets for construction of 2.5m new homes by 2051

Jacinta Allan reveals Geelong will be set highest target for new homes, with City of Melbourne and Melton second and third

The Guardian - AU

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The Guardian - AU

Housing to be at the centre of NSW budget, with more homes for those in need

Treasurer Daniel Mookhey foreshadows more money for social and affordable housing while lamenting drop in state’s GST share

The Guardian - AU

Louise was evicted so her landlord could move in. A year later, the house remains empty

As thousands of Australian properties remain vacant, advocates say more must be done to fill empty dwellings – and the task shouldn’t fall solely to renters

AAP

Development red tape cut in NSW budget housing plan

Homes will be built quicker and more efficiently under a NSW budget plan that will cut red tape, drawing praise from developer groups and housing advocates.

The Independent UK

Family says Scientology officials prevented woman from seeking mental health treatment before she took her life

The lawsuit claims Mills requested a special auditing session to prepare for her spirit to ‘drop’ her body

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Evening Standard

Sadiq Khan criticised by statistics watchdog over house-building claims

The mayor is said to have used phrasing which ‘could be misinterpreted by the average person’ when describing his record on affordable homes

The Independent UK

How can first-time buyers get ahead in the tough property market?

Property and mortgage experts offer their tips to cash-strapped would-be homeowners.

Newcastle Herald

Mayfield off-market sale delivers $1.8 million result

The median house price in Mayfield is $860,882.

Evening Standard

London buildings still wrapped in Grenfell-style cladding seven years on from the disaster

There are still 42 residential buildings in London with the same type of cladding as Grenfell where ‘remediation’ is incomplete

International Business Times

China Waits Anxiously For Economic Plan As Gloom Reigns

Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with the country's ambitions.

Evening Standard

City Hall could overturn council's decision to refuse 449 new homes in Tooting 'village'

It has been argued that the sale of the land to build the homes would unlock crucial funding for new facilities at Tolworth Hospital

AAP

Home prices in three cities are outpacing their peers

Australia's housing market is made up of laggards and leaders in home price growth and the gap is expected to linger in the coming months.

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