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The Latest Breaking News on Real Estate

Advice on negative gearing 'not out of the ordinary'

Debate over housing policy prompted Treasury advice on negative gearing, says Jim Chalmers after the PM denied the government had plans to reform the scheme.

AAP

Number of UK estate agents going bust rises almost a third in one year

Higher interest rates puts further pressure on property market, with overall transactions at lowest level in a decade

The Guardian - UK

Kanye West’s extensive alterations to Tadao Ando-designed Malibu mansion dubbed ‘dumb’ by new owner

‘He single-handedly destroyed this architectural masterpiece,’ investor says

The Independent UK

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Is it ever a good idea to buy a house with friends?

People have bought into homes as friends, thinking it was a path to home ownership without the full cost. Now, they are finding out what happens when it comes time to move on, writes Josh Marcus

The Independent UK

Yimbys hear this – simply building more homes won’t solve our housing crisis

The ‘yes in my back yard’ voices are getting louder, but housebuilding quality is more important than quantity, says writer and curator Phineas Harper

The Guardian - UK

Award-winning journalist or Liberal party player: will the real Peta Credlin please stand up?

The former chief of staff to Tony Abbott made the jump to media in 2016 and has walked the line of politics and news ever since

The Guardian - AU

The 'insatiable' appetite to invest in London must not be held back by the Budget

London is one of the best places in the world to invest and do business and has the potential to unlock billions through its future real-estate developments.

Evening Standard

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How to clean skirting boards with ease, and the best products to use

No more skirting around cleaning dust-laden skirting boards

Evening Standard

Father says he can’t sell house after TfL install bus driver toilet outside

Brett Kemp says he’s had just two viewings in three weeks for his property in Purley, in London - and now he’s been forced to lower the asking price

The Independent UK

Inside Hoda Kotb’s $2.89m move to affluent New York suburb ahead of Today show exit

Kotb’s Colonial house has five bathrooms and four bedrooms

The Independent UK

How the most affluent Australians disproportionately benefit from negative gearing

Those in the top tax bracket three times more likely to be negatively geared property investor, says economist

The Guardian - AU

What goes up must come down: lesson for Labor as negative gearing balloon goes adrift

After it emerged the treasurer sought advice on the reform of tax breaks, the government should have been quicker to bring the debate back down to earth

The Guardian - AU

Rupert Murdoch’s REA Group raises offer to buy Rightmove to £6.2bn

Australian group calls on Rightmove board to ‘engage now’ after fourth offer for UK online property portal

The Guardian - UK

Sunshine in the rain: number of house sales was 5% higher in August than a year earlier

The figures from HM Revenue and Customs are a sign that the housing market has rebounded, some experts said.

Evening Standard

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The Conversation

View from the Hill: Albanese and Chalmers play cat-and-mouse on negative gearing with the public – and possibly with each other

Is the government seriously interested in changing arrangements on negative gearing? After days of questions to Prime Minister Anthony Albanese and Treasurer Jim Chalmers, who would know?

The Independent UK

Number of house sales was 5% higher in August than a year earlier

The figures from HM Revenue and Customs are a sign that the housing market has rebounded, some experts said.

Evening Standard

Winkworth boss warns Rachel Reeves of impact in axing non-dom status in Budget

Officials at the Treasury and the Office for Budget Responsibility are said to be alarmed that the move could actually reduce the tax take by as much as £1 billion.

The Guardian - AU

News Corp warns millions of renters ‘crucified’ as Murdoch papers fan negative gearing hysteria

Tabloids say Australia’s economic system would collapse after Albanese leaves door slightly open on tax concession. Plus: John McDonald’s contribution reviewed by AFR

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AAP

'Knocked on the head': Labor rebuffs property tax moves

After days of discussions over curbing property investors' tax concessions, the government has firmed its stance against the rumours.

AAP

China stimulus a 'very good development for Australia'

After iron ore prices plunged by more than a third since the start of the year, Chinese stimulus measures spell good news for the Australian budget.

The Guardian - AU

Keating says Labor ‘flogging a dead seahorse’ over Aukus deal; severe weather for parts of NSW and Queensland – as it happened

As it happened

The Guardian - US

US hospital chain vows to cancel medical debt for thousands of patients

North Carolina-based Advocate Health takes action amid scrutiny of its debt collection methods

Evening Standard

London Assembly warns 'grey belt' plans could cause unintended damage to environment

Concerns have been raised at City Hall that the policy could incentivise landowners to make their land derelict on purpose

Tom’s Hardware

Intel begins reducing real estate holdings worldwide — European HQ up for sale, leaving purpose-built Swindon site after more than 40 years

Intel has instructed a commercial real estate firm to sell its European HQ, located in the UK. According to local media reports, the purpose-built offices in Swindon were established in 1982 and consist of 187,000 square feet of office space on a 12.87-acre site.

The Guardian - AU

What’s really going on with negative gearing? Here are four paths for change

Many have tried to reform Australia’s controversial tax settings and just as many have failed. Largely absent from this week’s frenetic debate: the options actually on the table

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