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The Latest Breaking News on Real Estate

Property market still showing the scars from Liz Truss's mini-Budget says Foxtons

In the 12 months that followed the “notorious” Commons statement total number of mortgage approvals slumped by 27.8% while transaction volumes fell by 13.3%

Evening Standard

No negative gearing reform on cards for election: PM

The prime minister has hosed down suggestions Labor will take changes to negative gearing to the election, amid warnings it could hike up rents.

AAP

Has Newcastle entered a buyers' market? Property experts weigh in

'More buyers equals more demand, so now is the sweet spot.'

Newcastle Herald

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Casino mogul Steve Wynn told Trump point-blank that he’s ‘off message’ in race for White House

Around a dozen Republican allies have been sounding the alarm over Trump’s rambling rhetoric and inability to stick to the script in recent weeks

The Independent UK

Labour needs to build neighbourhoods, not just houses

Letters: Dr Lorens Holm says new housing schemes need to be integrated into public spaces and amenities, not increase isolation and dependence on cars. Plus letters from Frances Heywood and Richard James Illidge

The Guardian - UK

Trump Appeals Fraud Judgment In New York Court

Donald Trump appeals a 9 million civil fraud judgment in New York over inflated net worth.

Top News

Several Labor MPs ‘open’ to reforms to negative gearing to address housing crisis

Some politicians welcome a fresh and bold response to address affordability, while others wary of resurrecting a debate lost at the 2019 election

The Guardian - AU

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How to handle buying a leasehold property in England and Wales

If buying in England and Wales keep an eye on looming changes to the law and ask the seller to extend a shorter-than-average lease

The Guardian - UK

Advice on negative gearing 'not unusual': Treasurer

While the government has downplayed speculation it's contemplating changes to negative gearing, it's also not ruling it out.

AAP

Labour’s planning policy changes are welcome, but won’t deliver enough homes

Letters: In response to an article on planning approvals falling to a 10-year low in England, Kate Henderson argues for a big increase in social housing funding while Jon Barker points to the large number of unbuilt planning permissions

The Guardian - UK

The Mansion Tax: Do You Need to Worry About It?

If you’re in the market for a high-value home, you may face an additional tax rolled into your closing costs.

Kiplinger

Sir Keir Starmer pays off mortgage on his £2million London townhouse

Sir Keir and Lady Starmer bought the four-bed home for £650,000 in 2004

Evening Standard

Scottish housebuilder enters liquidation with job losses

A SCOTTISH housebuilding company has gone into liquidation with jobs at risk...

The National (Scotland)

Workers on frontline of homelessness crisis face surge in demand as they fear ending up on streets themselves

Exclusive: Frontline staff warn demand for dwindling housing stock is growing as they are pushed ‘closer to the brink’ themselves

The Independent UK

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The National (Scotland)

Homelessness applications in Scotland rise to highest level in 12 years

HOMELESSNESS applications in Scotland have reached their highest level for 12 years ...

The Guardian - AU

No talk of hikes, no cut on the horizon: why RBA thinks it’s in the ‘right spot’ with interest rates

There was good news and bad news as Australia’s central bank held the interest rate steady for the seventh time in a row

The Guardian - UK

Bank of England’s Bailey says he expects interest rates to fall ‘gradually’

Central bank’s governor warns consumers not to expect a return to near-zero rates

The Guardian - AU

No cuts in ‘near term’ as RBA leaves Australia’s official interest rate unchanged at 4.35%

RBA decision was in line with economists’ forecasts as economy endures persistent inflationary pressures

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The Independent UK

China's central bank cuts bank reserve rates, pledges other moves to help the economy

The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy

AAP

Car parks, empty lots for homes as tardy audit defended

Sites left vacant for decades will be converted into well-located homes as the latest batch of surplus NSW-owned sites is released to fix the housing crisis.

StockNews.com

3 Real Estate Investment Trusts (REITs) With 5%+ Dividend Yields

With qualities like easy real estate investments without owning, potential for passive income, and diversification, the REIT market is blooming. Against this backdrop, it could be wise to invest in solid REITs Crown Castle (CCI), VICI Properties (VICI), and W. P. Carey (WPC) for potential gains. Read on.

The Independent UK

Domestic violence victims let down on housing, Jess Phillips warns

The safeguarding minister warned legislation to tackle violence against women and girls won’t be impactful unless there are sweeping changes at a grassroots level

The Guardian - UK

Ed Miliband pledges to end scourge of cold and draughty rented homes

Labour will bring in regulations that apply to social as well as private housing, says energy secretary

The Guardian - AU

Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The Guardian - UK

Nationwide to allow first-time buyers to borrow six times their earnings

Building society ramps up mortgage price war with ‘gamechanging’ move, as it also cuts rates

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