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The Latest Breaking News on Real Estate

NSW state budget 2024: 30,000 new homes pledged amid ‘unprecedented intervention in housing market’

Housing is at the centre of an otherwise restrained state budget

The Guardian - AU

Newy Studio's purpose-built space makes a splash in the creative scene

Big names have booked the space for podcasts and photos.

Newcastle Herald

As the Battle Over Royal Lodge Rages On Between Brothers King Charles and Prince Andrew, Andrew Is Bringing In a “Secret Weapon” to Help Plead His Case

The fight over possession of the 30-room mansion on the Windsor Estate has dragged on for 18 months and counting.

Marie Claire

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read the most diverse news in one place.

Secure Your Portfolio With These 3 High-Yield REITs

Given the consistent stream of dividend income that REITs provide amid rising prices, they are usually an attractive option for investors. Therefore, it could be wise to explore investments in robust REITs such as Ladder Capital (LADR), Alexander's (ALX), and Chimera Investment (CIM). Keep reading….

StockNews.com

Debt-free borrowers earning $100k struggle to secure a 500k loan in Newcastle

'Every rate rise equates to around $20,000 less that you can borrow'.

Newcastle Herald

Rates on hold yet inflation risks remain on RBA's radar

The threat of inflation has not been neutralised and the Reserve Bank is still prepared to pull the trigger on another interest rate hike if needed.

AAP

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

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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

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

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

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news in one place.

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The Guardian - 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 Independent 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

AAP

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.

The Guardian - AU

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

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news in one place.

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AAP

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.

The Guardian - AU

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

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

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

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