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The Latest Breaking News on Real Estate

House prices slide across Australia as Middle East conflict and tax changes begin to bite

Cotality data shows a drop in Brisbane, Adelaide and Perth, as nation’s median home price falls about $19,000 below its March peak

The Guardian - AU

'Cancer doesn't wait': a new plan to help rural men

One regional patient had to spend more than $20,000 on prostate cancer surgery, as a new health plan aims to address the higher mortality rate in rural areas.

AAP

Fines, indefinite motel stays and uncertainty: how a homeless camp exposed regional Australia’s housing crisis

Rough sleepers at the Wilks Park encampment in Wagga Wagga were told to leave or be fined $1,100. As the social housing waitlist keeps growing, locals are stepping in to help as authorities flounder

The Guardian - AU

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Gareth Morgan: What a waste of capital

Comment: The Baby Boomers of the big establishment parties know one economic path - housing investment and immigration. They need to make way for new generations, writes TOP founder Gareth Morgan.

Newsroom.co.nz

Housebuilder collapses into administration with homes unfinished owing £4.5 million

AN Ayrshire-based housebuilder collapsed into insolvency, leaving homes unbuilt with administrators having to “forcibly gain entry” to the site…

The National (Scotland)

New legal housing provisions begin to give domestic abuse victims more rights

The Scottish Government has said domestic abuse must be “eradicated from our society” as new legal provisions to protect victims’ housing…

The National (Scotland)

London council ordered to pay compensation for 'injustice' caused to homeless woman

Haringey Council told to apologise for multiple faults in the local authority’s response to a woman living in temporary accommodation

Evening Standard

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North Texas suburbs resisting new housing laws garner Abbott’s rebuke

Some cities are trying to make it more difficult to build apartments under a new housing law.

The Texas Tribune

What does Andy Burnham's devolution plan mean for London transport, jobs and housing?

Andy Burnham said Sir Sadiq Khan and other regional leaders in England will get to keep a portion of income tax and business rates to spend as part of a major devolution shake-up

Evening Standard

Credit Card Industry Needs More Regulation According to Insider, Ari Page

Ari Page argues the credit card stacking industry needs stronger oversight, higher standards, and greater transparency to better protect business owners.

International Business Times

A Michigan woman owns 19 acres between two planned Toll Brothers communities; she is suing over her only access route and a proposed wastewater discharge

A woman from Michigan has initiated legal action against Toll Brothers concerning their wastewater management and access rights. Her property, undeveloped, is situated between two upcoming luxury housing estates. The lawsuit alleges that the developers have disregarded her property rights and neglected environmental regulations. She aims to reinstate her access…

The Times of India

Taylor Wimpey trims home completion guidance amid ‘challenging’ market

It came as property platform firm Rightmove blamed ‘subdued’ demand for new homes as it cut its revenue growth guidance for the year

Evening Standard

US Mortgage Rates Hit Highest Level in a Year as Fed Uncertainty and Iran Tensions Loom

U.S. mortgage rates climbed to their highest level in a year, with the average rate on a 30-year fixed mortgage rising to 6.66% for the week ending July 30, according to Freddie Mac’s Primary Mortgage Market Survey released Thursday.

Benzinga

OPINION - 'Number 10 North is for North London too': How the South will benefit from fixing rest of UK

‘I am an MP in Barnet, representing London’s suburban fringe, and I’m not a sceptic but a champion for what the PM is doing’, writes Treasury Minister Dan Tomlinson

Evening Standard

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The Guardian - UK

UK house prices up just 0.1% in July as buyers remain cautious on interest rates

Price of average home now £277,542, up from £277,484 the previous month but lower than in May, says Nationwide

The Independent UK

California city is now more unaffordable for renters than New York

Two-bedroom rent prices in the Bay Area city reached $6,020 in a single-month surge

Kiplinger

3 Lessons I've Learned as a Real Estate Pro: What Every New Investor Needs to Know

For long-term success, you need to look beyond market momentum and focus on stability and diversification. You also need the resilience to stick to a strategy.

Evening Standard

Borrowers not set for lower mortgage rates ‘any time soon’, warns expert

More than 30 lenders have hiked rates in recent weeks amid renewed inflation fears caused by the Iran war, according to Moneyfacts.

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news in one place.

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Evening Standard

Demolition of 'Clockwork Orange' estate in London paused as residents celebrate legal win

Judicial review will take place into Bexley Council’s decision to approve plan to knock down the Lesnes Estate in Thamesmead

Evening Standard

London council pays £6,000 to disabled woman left in inadequate home for more than two years

Payout comes after Wandsworth Council criticised by ombudsman for failing to secure woman alternative accommodation

Benzinga

Mamdani Defends Searchable Property Database Amid Backlash Over NYC's Pied-à-Terre Tax: 'This Is Not A Targeted List..'

New York City Mayor Zohran Kwame Mamdani is facing fresh criticism over the rollout of the city’s new pied-à-terre tax after a searchable database listing roughly 960,000 city properties sparked privacy concerns and questions about how the tax will be implemented, Fox News national correspondent Bryan Llenas reported Wednesday.

The Guardian - UK

You be the judge: should my brother stop hogging the living room while staying in my flat?

Daniella doesn’t want to go to bed early. Seamus says she shouldn’t offer the sofabed if she doesn’t want guests. Who has room for improvement?

AAP

Housing approvals rebound, but still behind targets

The number of dwellings granted approval has hit a five-year high, but national housing levels still lag behind federal targets.

Bangkok Post

Second-hand homes flood the market

Unsold residential inventory is expected to exceed 610,000 units by year-end as a growing number of second-hand homes enter the market, while demand remains constrained by weak purchasing power, according to Kasikorn Research Center (K-Research).

Evening Standard

Sea view properties record 27% surge in value since 2019, report finds

The East Midlands and Yorkshire & the Humber have notched up the biggest increases for sea-view homes.

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