Negative equity fears for SA first home buyers in the deposit system

Negative equity fears for SA first home buyers in the deposit system

Almost 60 per cent of all properties in South Australia eligible to buy under the Australian Government’s 5 per cent deposit scheme have seen their value fall in the past ten months, prompting experts to warn those who bought under the scheme that they may have to pay off a mortgage that is now worth … Read more

Michael Burry is suing to shut down a “dangerous” housing development in California’s fire zone

Michael Burry is suing to shut down a “dangerous” housing development in California’s fire zone

The famous investor Dr. Michael Burry is leading the charge against a California city’s plans to build a new housing development in the hills surrounding Saratoga, California, citing the threat of wildfires. A new lawsuit led by Burry alleges as much as planned Masson Estates development would be built in a high fire risk zone, … Read more

Owners discount Gold Coast home by $2 million amid changing luxury property market

Owners discount Gold Coast home by  million amid changing luxury property market

11 Lavarack Rd, Mermaid Beach is on the market with offers over $12 million. A Queensland mega-mansion has been put back on sale for $2 million cheaper, but the builder warns the $12 million price tag is still less than what the replica would cost today. The owners of the newly built Gold Coast home … Read more

The Senate bill would give first-time home buyers up to $50,000

The Senate bill would give first-time home buyers up to ,000

A new bill from the Senator. Jeff Merkley (D-OR) aims to make home ownership a reality for more Americans by allowing them to receive up to $50,000 from the federal government for their first home purchase. The Home Ownership Promise Actco-sponsored by Sen. Ron Wydena fellow Oregon Democrat, would allow Americans to open Homeownership Promise … Read more

“The tables have turned”: Major bank manager reveals huge power shift

“The tables have turned”: Major bank manager reveals huge power shift

These were the scenes of the last two years, when large crowds came to auctions like this one in Alexandria. Image by Max Mason-Hubers After years of harrowing auctions and lightning-fast sales, the tables have finally turned as a Big Four bank executive points to a dramatic turning point that changes everything. As the traditional … Read more

Texas Gov. Greg Abbott halts data center permits as backlash mounts

Texas Gov. Greg Abbott halts data center permits as backlash mounts

Governor of Texas. Greg Abbott has halted new data center permits amid growing public backlash against the projects as he seeks re-election to a fourth term in November. Abbott, a Republican, directed The Texas Commission on Environmental Quality has stopped processing data center permits until the state completes a review of their impact on the … Read more

Contractor fined $740,000 for shipwrecked storage facility for days

Contractor fined 0,000 for shipwrecked storage facility for days

Gold Coast contractor Keith Richardson was stranded on Mosquito Island for five days after his boat ran aground. Source: Keith Richardson A building contractor who went viral after the council threatened him with one $740,000 fine over his children’s roomjust survived a shipwreck on a deserted island for days. A wild set of unusual circumstances … Read more