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The Latest Breaking News on Real Estate

Reserve Bank to hold the line despite US Fed cut

The Reserve Bank is unlikely to give interest rate relief to borrowers at the September meeting as Australia's inflation rate still has fight left in it.

AAP

Angela Rayner will pledge decent, safe homes for all in Labour conference speech

Deputy prime minister Angela Rayner will open Labour’s first party conference in power for 15 years on Sunday

The Independent UK

Rayner to announce new measures to protect renters from mould and fire hazards at Labour Party conference

Angela Rayner will announce a series of measures to protect renters from fire safety defects, damp and mould, and drive up housing standards in her speech at Labour Party conference.

Evening Standard

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‘Planning passports’ that automatically approve high-quality new homes will be a game-changer, says Keir Starmer

Labour wants to see apartment blocks built in more densely populated cities to achieve its housing targets

The Guardian - UK

Why has Australia fallen so short on housing targets – and how can it get out of the crisis?

Amid rising costs and a lack of productivity in the construction sector, some say relaxing building standards could help. But others aren’t convinced

The Guardian - AU

3 REITs With Over 5% Dividend Yields for Passive Income

Investing in real estate, especially REITs is beneficial now due to their high yields and stability in times of economic uncertainty. Therefore, it could be wise to explore investments in robust REITs with over 5% dividend yield, such as Gaming and Leisure Properties (GLPI), VICI Properties (VICI), and Ladder Capital…

StockNews.com

Rate cut delay bolsters case for experts on RBA board

The RBA's gradualist approach to tackling inflation has left it lagging the world on rate cuts and should make it reconsider its strategy, economists say.

AAP

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How a Bangladesh minister spent more than $500m on luxury property

Undercover sting reveals how the politician bought hundreds of overseas homes on a $13,000-a-year salary.

Al Jazeera

‘Stop doing dumb stuff,’ economist warns as housing affordability in Australia slips

Saul Eslake says decades of ‘bad policies’ have inflated demand as report finds about 20% of households effectively ‘locked out’ of the market

The Guardian - AU

Housing stoush ramps up as Labor accuses Greens MPs of opposing Brisbane projects

Bill Shorten accuses Greens of ‘unholy alliance’ with Coalition to delay government’s Help to Buy scheme

The Guardian - AU

Impact of US rate cut in Australia remains to be seen

Senior minister Bill Shorten says it's unclear how much of an impact the US Federal Reserve's interest rates cut will have on Australia's economy.

AAP

Sales Of US Existing Homes Slip Slightly In August

Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply were likely to boost the industry.

International Business Times

Rod Sims says ‘worth considering’ whether realestate.com.au engaged in anti-competitive practices as Greens blast ‘rigged’ system

Greens say the price hikes arising from REA Group’s dominance underscore need for new price-gouging laws

The Guardian - AU

Bank of England leaves interest rates unchanged at 5%

The next reduction in the cost of borrowing is now expected in November

Evening Standard

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The Conversation

Grattan on Friday: US rate cut puts pressure on RBA - and things could get heated

Reserve Bank Governor Michele Bullock might need her flak jacket when she fronts the media next Tuesday after the bank’s two-day board meeting.

The Guardian - UK

Billionaire Guy Hands’ property firm takes housing reforms to European court

Annington Property fears recent legislation could potentially affectthe value of some of the 38,000 UK military homes it holds

Al Jazeera

Vietnam tycoon Truong My Lan, sentenced to death, faces new fraud trial

As part of major state anticorruption drive, she was convicted in April for her role in a $12.5bn financial fraud case.

The Independent UK

Bank of England widely expected to hold interest rates despite big US Fed cut

The Bank of England is widely expected to keep interest rates unchanged later Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago

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The National (Scotland)

Iconic Scottish museum among contenders for Building of the Year award

THE shortlist for Scotland’s Building of the Year award has been unveiled with an iconic museum and a housing scheme named among the contenders...

AAP

Doomsday prophecy over GST 'rip-off' fails to come true

Australia's most populous state has kept a key triple-A credit rating, sparing taxpayers the pain of covering potentially higher interest repayments.

Newcastle Herald

The 20 promises the new Newcastle lord mayor has committed to

Some are broad, but most are very specific.

Wallpaper

East London's disused gasholders are being reinvented

Regent's View by RSHP reinvents a pair of disused gasholders in east London as contemporary residential space and a publically accessible park

The Guardian - UK

New home planning approvals in England fall to lowest level in a decade

Housebuilders blame decline on former government’s decision to end binding targets for local authorities

The Independent UK

Vietnamese real estate tycoon, already sentenced to death for fraud, faces trial on new charges

Vietnamese state media say the second trial for real estate tycoon Truong My Lan — who was sentenced to death for financial fraud in April — started on Thursday

Newcastle Herald

Could a 'robust' spring selling season slow home prices in Newcastle?

98.1 per cent of sellers sold for gains in the June quarter.

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