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The Latest Breaking News on Real Estate

Housing scam in Hyderabad lies buried for over a decade since vigilance inquiry

A scam in the Housing department involving private developers remains unresolved, with no action taken against them.

The Hindu

Claims of govt insider trading "distressing": Minns

Allegations a NSW planning official used sensitive information to buy a house in an area slated for re-zoning have been referred to the corruption commission.

AAP

NSW planning official referred to corruption watchdog Icac over house purchase allegation

Liberal MP Alister Henskens used parliamentary privilege to accuse unnamed bureaucrat of using inside knowledge to purchase property for potential profit

The Guardian - AU

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Renters in England face rising no-fault evictions as reform bill delayed again

More than 26,000 section 21 notices issued in five years since ban was announced, while social housing stock has plummeted

The Guardian - UK

Leasehold reform: 'forfeiture remains the most mafia-like element of leasehold law'

Attention has been drawn to the practice after a post on social media from a Londoner who faces having her flat taken away from her

Evening Standard

Expensive and loathed, ‘the Slab’ will be a terrible monument. It’s being called Gove Towers and he deserves it

The London megabuilding given the go-ahead this week is a giant symbol of profit over community, says Guardian columnist Simon Jenkins

The Guardian - UK

High-rise hopes to fix housing squeeze in the regions

Offering more medium to high density housing in the regions would ease housing shortages and attract essential and other key workers, a summit has heard.

AAP

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In the year of the dragon, will China breathe fire into its deflating economy?

Plunge in consumer prices has sparked calls for a stimulus package – yet Beijing may still stick to the new normal of lower growth

The Guardian - UK

UK lender offers long-term mortgages that cut rates over time

April Mortgages’ Dutch-style loans attract attention but are currently only for remortgaging

The Guardian - UK

As high interest rates lead to home repossessions, London will be hit hardest

City Comment: Along with unemployment, home repossession is probably the most distressing symptom of recession.

Evening Standard

Tenant sues landlord claiming UK flat was sublet as he was stranded abroad

Social housing resident Filippe Scalora alleges a stranger moved into his flat while he was stranded abroad

The Guardian - UK

Inside the distinctive 1970s Bar Beach home designed by architect Brian Suters

The property is set to go to auction on March 2.

Newcastle Herald

The Crunch: a widening ideological divide and the decline of birds

Want to get this in your inbox every fortnight? Sign up for The Crunch here.

The Guardian - AU

Sale of beachhouse sets a suburb record in Anna Bay, but for how long?

The sale topped the previous record by $200,000.

Newcastle Herald

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The Guardian - UK

Home Office drops plan to remove housing protections from asylum seekers

Draft policy to remove HMO regulations for landlords in England and Wales withdrawn hours before high court challenge

Kiplinger

Mortgage Interest Tax Deduction: What You Need to Know

Should you claim the mortgage interest deduction when you file your federal tax return?

The Guardian - UK

UK property prices have rebounded quickly but talk of a boom is premature

The scope for a near-term surge is limited by the market only having just avoided a crash, say analysts

Kiplinger

Four Reasons to Tap Opportunity Zones Before They Expire

As a provision in the Tax Cuts and Jobs Act, opportunity zones could sunset at the end of 2026, but there’s still time to maximize major tax benefits.

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The Guardian - UK

UK house prices rise at fastest rate since January 2023

Lower mortgage rates lead to increased buyer and seller confidence, says Halifax

Newcastle Herald

Public comment sought on manufactured home estate plans at Windella

Plans for 282-lot estate now on exhibition at Maitland Council.

Evening Standard

UK house prices rise 1.3% in January as mortgage rates tumble

Prices were up 2.5% year-on-year, but in London they were slightly down on January 2023

The Guardian - UK

Uber posts first full-year operating profit as a listed company – business live

2023 was an “inflection point for Uber”, says CEO Dara Khosrowshahi

International Business Times

China's Property Bubble Bust Is Beginning To Look Like Japan's

China's slide into deflation came when Japan was snapping out of it. In the third quarter of 2023, Japan's residential property price index rose at an annual rate of 2.4%, following an even more significant rise in the previous two quarters.

Newcastle Herald

Companies connected to Spotlight site redevelopment go under

The St Hilliers construction business has collapsed.

AAP

More social housing as cost-of-living crisis hits hard

Homelessness organisations have painted a dire picture of the crisis facing Queensland as the government announces more social housing but admits it takes time.

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