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The Latest Breaking News on Real Estate

Vivian’s new Sydney apartment caps rent at 30% of her income. Is this the way to tackle Australia’s housing crisis?

Boronia Apartments have been purpose-built for people in need of discounted rent including low-income workers in care professions

The Guardian - AU

UK housebuilders in focus as construction woes cloud outlook

Experts said Persimmon was among the builders fighting issues ‘outside of its control’ in the wider property sector.

The Independent UK

Palmer claims $30 million fraud in bid to freeze funds

Businessman Clive Palmer's solicitor allegedly defrauded his companies of $30 million and invested some of the money in real estate, a judge has heard.

AAP

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Rushanara Ali broke no laws or rules in tenancy row, minister says

Rushanara Ali resigned from Government following reports she raised rent on a property just weeks after the previous tenants left.

Evening Standard

Rate Cut Buzz Grows: Are These ETFs Gearing Up For A Fed Pivot?

As cracks start appearing in the U.S. labor market and the rate-cut talk gains momentum, investors are quietly shifting into historically “dull” but stable sectors like consumer staples, utilities, and real estate. ETFs focused on these sectors are gaining attention as macroeconomic uncertainty increases and yield-hungry investors seek stability with…

Benzinga

'Project-by-project' moves toward lofty housing target

Australians have been told the housing crisis can't be solved in one fell swoop as brand new inner-city homes are opened for people on low incomes.

AAP

Sydney and Toronto had equivalent home prices, then Canada’s crashed. Could Australia see a similar slump?

Canadian property prices fell by C$150,000 over three years as Australia’s rose by about A$85,000

The Guardian - AU

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Alpha Buying: Bank Insiders Are Quietly Loading Up — Here's Where

Insiders began showing back up last week. A little bit of selling pressure, combined with the fact that insider windows were reopening for companies that already reported earnings, caused some executives and directors to open their checkbook and buy shares of the companies they help oversee.

Benzinga

Who is Rushanara Ali? The homelessness minister forced to quit over London rent scandal

The Labour MP is said to have hiked the rent on the home near the Olympic Village by £700-a-month shortly after telling four tenants they had to move out

Evening Standard

July yields fastest rate of UK house price rises this year, says lender

Cheaper mortgage rates and rising wages helped to push monthly growth to 0.4%, according to Halifax

The Guardian - UK

Landlord who packed 18 people into east London house is fined £33,000

The house had been converted into 11 bedrooms and was being sub-divided into even more rooms when the landlord was finally prosecuted

Evening Standard

Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate With Over 7% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga

Interest rates cut to 4% as UK inflation picks up

The cut came after the Bank’s rate-setting committee was forced to take a second vote for the first time in its history.

The Independent UK

UK interest rate cut: what does it mean for mortgages and savings?

Base rate reduction to 4% will hit some savers, but people with tracker home loans will see immediate benefit

The Guardian - UK

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news in one place.

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The Guardian - UK

UK homelessness minister resigns after tenant eviction claims

Rushanara Ali was accused of hypocrisy after claims she removed tenants before rent rise of almost £700 a month

Evening Standard

Homelessness minister faces criticism over hiking rent after removing tenants

Rushanara Ali’s east London property was re-listed with a £700 rent increase after tenants moved out at the end of their contract.

Benzinga

Housing Market Has One Big Problem—Mortgage Rates Are Still Too High

After three years of mortgage rates stuck above 6%, American homebuyers are showing signs of impatience with current borrowing costs as they anxiously await a shift in interest rates that will enable them to move forward with home purchases.

Evening Standard

London council loses High Court battle to stop affordable housing in Marylebone being redeveloped

Westminster City Council had sought an order to keep the flats as affordable housing

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news in one place.

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Evening Standard

Sadiq Khan claims London house-building success but critics say it's 'smoke and mirrors'

Critics have said that Sir Sadiq Khan is proud of meeting an eigth of his target

AAP

Russia fights edict Canberra embassy a security threat

Diplomatic tensions between Australia and Russia are playing out in the High Court after a new embassy in Canberra was denied by the federal government.

The Guardian - AU

Engineer who helped build Melbourne’s public housing towers condemns plan to demolish ‘icons’

Victorian government defends redevelopment, saying towers are outdated and unsafe as inquiry continues

The Independent UK

This is where house prices are dropping the most across the country, new study shows

The national median list price in July was $439,990, according to the new report

The Guardian - AU

News Corp’s Australian newspaper revenue falls as CEO warns Trump of AI’s ‘art of the steal’

Advertising revenue at division that includes the Australian, Daily Telegraph and Herald Sun down 5%

Cinemablend

A Bunch Of HGTV Stars Have Had To Speak Out As Fans Worried More Shows Were Getting Canceled

Here's what's going on with some HGTV faves now...

Kiplinger

Think Twice Before Co-Signing or Guaranteeing a Lease for Your Kids

If you co-sign or guarantee a lease for your kids, make sure you understand the risks.

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