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The Latest Breaking News on Real Estate

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

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This S&P 500 Stock Falls On Earnings Despite Expected Tailwind From Fed Rate Cuts

Lennar reported third-quarter earnings and revenue after the market closed Thursday.

Investors Business Daily

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

Homebuilder's Sales Growth Accelerates As Analyst Makes This Forecast

Dream Finders Homes is building a base and may benefit from lower mortgage rates after the Federal Reserve cut interest rates.

Investors Business Daily

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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

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 Conversation

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

The Guardian - UK

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.

Al Jazeera

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

The Independent UK

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...

The National (Scotland)

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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

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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.

International Business Times

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 - AU

PM rejects claim his government ‘mired in mediocrity’ as he defends record on gambling and housing crises

Anthony Albanese tells ABC ‘the problem isn’t advertising, the problem is gambling’

AAP

'Largest' social housing development aimed at seniors

The federal and state governments will build nearly 500 social and affordable homes in Queensland's far north, specifically accommodating older residents.

The Guardian - AU

The severity of Australia’s housing affordability crisis is obvious - this is how politicians could fix it

Affordability is too important to allow this status quo to continue. Housing underpins our economy and our society

The National (Scotland)

Edinburgh named one of the most expensive cities for renters outside London

Rightmove has revealed that Edinburgh has one of the highest average rents outside of London.

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