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The Latest Breaking News on Real Estate

Lobbyist gets stern rebuke at Liberals donation probe

A political staffer turned lobbyist has been reprimanded for losing his cool at an inquiry probing alleged dodgy donations involving the Liberal Party.

AAP

Senator Looks for Dividend Stocks: Latest Purchase Is Company with 673 Consecutive Monthly Payouts

When it comes to tracking the stock trading activity of members of Congress, unusual timing or committee assignments can be reasons to pay particular attention. Other times, members may be just like regular investors looking for themes, such as dividend payments.

Benzinga

Australia politics live: Joyce claims One Nation ‘one of the gayest parties’ in country; Japan’s ambassador to Australia downplays Albanese’s melon comments

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The Guardian - AU

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Six housing policy measures are on the ballot in four states — the most in at least two decades

Voters in four states will decide six statewide ballot measures related to housing policy on Nov. 3 — the most in a single election year between 2006 and 2026.

Ballotpedia

Why California is failing to build the homes it needs

Less than a third of California cities and counties are on track to meet their housing targets

The Independent UK

Households to bear the brunt of sluggish productivity

The Reserve Bank of Australia forecasts productivity to shrink 0.5 per cent in 2026, limiting how fast the economy can grow without fuelling inflation.

AAP

Axe stamp duty? How Andy Burnham could change property tax

The new PM could bring in revenue for social care or defence with a land levy or by reforming council tax

The Guardian - UK

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California woman refused to sell her home despite repeated lucrative offers; developers eventually built a 246-unit apartment complex around her house covering five acres

Carolyn Carter had spent 50 years living in her modest home in Burbank, California, when a major residential development began transforming the neighbourhood around her. Properties along Hollywood Way were being acquired by the Chandler Group, and more than two dozen of Carter's neighbours agreed to sell their homes. Carter,…

The Times of India

Mayor Mamdani Sent 17,000 Tax Notices For His NYC Luxury Property Surcharge— Now a Judge Has Temporarily Blocked the Rollout Because of One Issue

New York City’s attempt to identify properties subject to its new pied-à-terre tax has triggered a lawsuit and temporary court block, with homeowners arguing that the city is incorrectly targeting properties held through trusts and limited liability companies.

Benzinga

French homebuyers rethink choices after heatwaves

PARIS - After multiple severe heatwaves in a single summer, French residents are increasingly factoring high temperatures into their home searches, realtors say, bumping up features such as shutters, air conditioning and indirect sunlight on their priority lists.

Bangkok Post

RBA interest rates: Reserve Bank holds cash rate at 4.35% but threatens more hikes if needed

In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year

The Guardian - AU

House price falls weighing on economic growth, RBA says

The deterioration in Australia's housing market will help slow the economy and get inflation back under control, the Reserve Bank says.

AAP

Homeowners Sue Mamdani Over NYC's Chaotic New Tax on Luxury Second Homes — And Two of Them Are Family of a Political Rival

Three New York City homeowners are suing Mayor Zohran Mamdani's administration over the rollout of a new tax on luxury second homes, arguing the city's public database and mailed notices swept up thousands of full-time residents who don't actually owe the surcharge. Two of the three plaintiffs are the wife…

Latin Times

Plans for Wembley hospital to be demolished and replaced with 100 homes get green light

The Old Wembley Hospital operated within the existing buildings on the site from 1928 until 2000

Evening Standard

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AAP

'Hawkish' RBA open to more hikes after holding rates

Borrowers are on notice with the Reserve Bank signalling it won't shy away from raising interest rates if inflation comes in higher than forecast.

The Guardian - AU

Australia’s falling house prices have a silver lining for mortgage holders. Here’s why

The RBA’s governor, Michele Bullock, has made it clear that the ‘easing’ property market is on her mind

Kiplinger

How Do You Step Away From Your Real Estate Empire Without Facing a Giant Tax Bill?

Real estate developers wanting to exit but facing a hefty tax bill can transition into a diversified portfolio of Delaware statutory trusts via a 1031 exchange.

The Guardian - UK

‘The market is dead’: why aren’t flats in England selling?

Figures show most leasehold flats in England do not find a buyer within six months, despite slashed prices

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Evening Standard

Offices above Charing Cross station could be transformed under major revamp

The application, submitted by real estate firm Bridgemont with Westminster City Council, aims to revamp the site to deliver 35,000 square metres of office space

The Times of India

One Houston man began clearing illegally dumped trash alone; his daily cleanups grew into a 100-volunteer movement

A Houston resident's initiative to clean up neglected areas has blossomed into a vibrant volunteer movement. With one hundred dedicated individuals now on board, their mission is to remove illegally dumped waste. Collaborating with local organizations and harnessing the power of social media, city officials and law enforcement are boosting…

The Guardian - UK

Scramble to house hundreds camping in Rome heatwave after squat eviction

Officials try to find homes for residents as talks to save social assistance hub collapse amid government crackdown

Kiplinger

Nearing Retirement and Done Being a Landlord? Here Are All of Your 1031 Options

1031 investors tired of managing property have several alternatives beyond moving into a passive DST. It depends on how much control and work you want to keep.

The Times of India

A Florida man refused to sell his parents’ home; Coral Gables’ largest development rose around it and erased his view of the sky

Orlando Capote stands firm against the tide of vast development engulfing Coral Gables. His family home, acquired in 1989, is now a solitary relic amidst a forest of hotels and office towers. Despite generous offers from developers keen to buy or trade properties, Capote prioritizes cherished memories over financial gain,…

The Guardian - UK

UK house prices flat in July, says Lloyds, as buyers struggle with affordability

Property prices in ‘suspended animation’ owing to higher mortgage rates and uncertainty in Middle East

The Guardian - UK

Tory plan to ban foreign nationals from social housing condemned as ‘divisive’

Housing charity says move would drive up homelessness, while Labour dismisses proposal as ‘unserious’

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