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The Latest Breaking News on Real Estate

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

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

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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

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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

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

The Guardian - AU

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.

AAP

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

The Independent UK

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

Evening Standard

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.

The Independent UK

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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

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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.

Evening Standard

General election 2024: How do the party manifestos address the housing crisis?

All the housing pledges made in the Labour, Conservative, and Liberal Democrats for homeowners, renters and first-time buyers

The Independent UK

General election 2024: Labour and the Conservatives’s plans to tackle the housing crisis in full

A guide to the main parties’ manifesto promises on housing

The Conversation

Cities with empty commercial space and housing shortages are converting office buildings into apartments – here’s what they’re learning

It took a global pandemic to convince American businesses that their employees could work productively from home, or a favorite coffee shop. Post-COVID-19, employers are struggling to find the right balance of in-office and remote work. However, hybrid work is likely here to stay, at least for a segment of…

Evening Standard

Crest Nicholson shares plunge amid latest warning for housebuilders

The business made a loss in the first half and warned of weak demand for the months ahead

The Independent UK

Labour pledges to ‘get Britain building again’

The Labour manifesto document said the party ‘will not be afraid to make full use of intervention powers to build the houses we need’.

Kiplinger

Citizenship by Investment: The Shift From Passive to Active Investments

Today, we’re seeing CBI programs pivot away from the types of passive investment options that spurred their popularity.

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