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The Latest Breaking News on Real Estate

John Swinney fires back as Labour demand sacking of Housing Minister

JOHN Swinney fired back at Anas Sarwar during FMQs after the Scottish Labour demanded the sacking of Scotland's Housing Minister.

The National (Scotland)

China announces new measures to arrest housing slump and boost growth

Benefits to rise for poorest and local authorities to be given powers to intervene in real estate markets

The Guardian - UK

Lucky Loser review – how Donald Trump squandered his wealth

A forensic accounting of the former president’s business empire reveals a reputation built on myth

The Guardian - UK

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read the most diverse news in one place.

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

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

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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

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

Rates on hold as Labor considers changes to negative gearing

The RBA shocked nobody by holding interest rates at 4.35% yesterday, but the Albanese government may have surprised some by seeking advice on scaling back negative gearing.

Crikey

Analyst hammers out new stock price targets for Home Depot, Lowe's

This is what could happen next to shared of Home Depot and Lowe's.

The Street

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The Guardian - UK

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

Kiplinger

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.

Evening Standard

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

The National (Scotland)

Scottish housebuilder enters liquidation with job losses

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

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news in one place.

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The Independent UK

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 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

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.

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