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The Latest Breaking News on Real Estate

Bank of England’s Bailey says he expects interest rates to fall ‘gradually’

Central bank’s governor warns consumers not to expect a return to near-zero rates

The Guardian - UK

No cuts in ‘near term’ as RBA leaves Australia’s official interest rate unchanged at 4.35%

RBA decision was in line with economists’ forecasts as economy endures persistent inflationary pressures

The Guardian - AU

China's central bank cuts bank reserve rates, pledges other moves to help the economy

The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy

The Independent UK

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Car parks, empty lots for homes as tardy audit defended

Sites left vacant for decades will be converted into well-located homes as the latest batch of surplus NSW-owned sites is released to fix the housing crisis.

AAP

3 Real Estate Investment Trusts (REITs) With 5%+ Dividend Yields

With qualities like easy real estate investments without owning, potential for passive income, and diversification, the REIT market is blooming. Against this backdrop, it could be wise to invest in solid REITs Crown Castle (CCI), VICI Properties (VICI), and W. P. Carey (WPC) for potential gains. Read on.

StockNews.com

Domestic violence victims let down on housing, Jess Phillips warns

The safeguarding minister warned legislation to tackle violence against women and girls won’t be impactful unless there are sweeping changes at a grassroots level

The Independent UK

Ed Miliband pledges to end scourge of cold and draughty rented homes

Labour will bring in regulations that apply to social as well as private housing, says energy secretary

The Guardian - UK

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Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The Guardian - AU

Nationwide to allow first-time buyers to borrow six times their earnings

Building society ramps up mortgage price war with ‘gamechanging’ move, as it also cuts rates

The Guardian - UK

Strengthen Your Family's Legacy Protection With a Beneficiary Controlled Trust

Few trusts provide this level of multigenerational asset protection.

Kiplinger

Phil Spencer: 'The Government must do more to improve the situation for landlords and downsizers'

London’s housing market is stuck in a vicious cycle of unaffordability, red tape, and inertia, and the Government must make controversial tax decisions to liberate it, according to one of the UK’s best known property pundits.

Evening Standard

Olafur Eliasson artwork set to turn London’s Piccadilly Circus into a blur

Icelandic-Danish artist’s latest work, Lifeworld, will take over famous advertising screens in October

The Guardian - UK

From Beauty Guru To Real Estate Titan: Tricia Lee's 5-Step Guide To Turning Your Side Hustle Into A Business

Tricia Lee's journey from beauty mogul to real estate titan offers valuable lessons for aspiring entrepreneurs.

International Business Times UK

Labour warned of £54bn price tag to build enough affordable homes in London

Labour ministers face warnings that their housebuilding plan for London risks costing an astronomical £54 billion just for affordable homes, unless housing associations can tap more private investment.

Evening Standard

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The Guardian - UK

UK business growth slows as budget uncertainty hits investment plans; German recession ‘baked in’ – as it happened

Fiscal policy uncertainty ahead of the Autumn Budget is biggest fear for companies, survey finds, while Germany’s malaise continues

Radio France Internationale

Vast France building project sunk by sea level rise fears

An ambitious housing project in the northwestern French city of Caen has run aground over worries that rising waters driven by climate change could make the area unlivable within the century.

The Guardian - UK

Fifty pubs a month shut in first half of year in England and Wales, figures show

Number of pubs open fell to 39,096 by end of June and experts say tax rises in 2025 could result in more closures

The Guardian - AU

Greens may bristle at comparison but their RBA interest rate cut ultimatum is Trumpist

No government institution is entirely at arm’s length, but an intervention by Jim Chalmers would likely be calamitous

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AAP

Labor, expert lash 'crazy' call to step in over rates

Calls for Canberra to intervene with the Reserve Bank to lower interest rates to get financial reforms over the line have been rejected by Labor.

The Guardian - AU

Morning Mail: developer political donations ban ‘failing’, Hezbollah and Israel on the brink, rare night parrots found in desert

Developer-linked political donation rules ‘failing’; world leaders urge Hezbollah and Israel to de-escalate

The Independent UK

Squatters target multi-million dollar mansion in LA creating an eyesore for wealthy neighbors

City council member said owner is ‘in egregious violation of the law’

The Guardian - UK

Angela Rayner hints at major social housing announcement

Deputy prime minister tells Labour conference she expects chancellor to make promise on building at spending review

AAP

Renters still can't keep up, despite more supports

Despite an increase in government supports, low-income earners would still find themselves in rental stress across most of the country, a report has found.

The Guardian - UK

Nimby name-calling will not solve Britain’s housing crisis

Letters: Hazel Davies says the problem is one of affordability and accessibility, not actual physical supply; Helena Forsyth says the focus should be on underoccupied and empty homes. Plus a letter from Prof Jem Poster

The Guardian - AU

Developer-linked donors give more than $500,000 to LNP and Labor amid warnings of ‘failing’ ban

Queensland political donations laws have not stopped money flowing from companies linked to the industry into parties’ election campaigns, Guardian investigation finds

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