
First home buyer 5% deposit scheme enables 1,500 investment property conversions
Data shows Australia's 5% deposit scheme for first home buyers enabled nearly 1,500 property conversions to investments and benefited hundreds of high-income earners.

Data shows Australia's 5% deposit scheme for first home buyers enabled nearly 1,500 property conversions to investments and benefited hundreds of high-income earners.
Smt Motwani successfully claimed Section 54F tax exemption after buying her husband's Mumbai property for Rs 7.5 crore, with ITAT Mumbai ruling that transactions between spouses are not automatically considered sham for tax evasion.

Hong Kong police arrested a 67-year-old woman for allegedly swindling two property owners out of HK$4.3 million using a virtual currency investment scam disguised as a rental agreement.

Sri Lanka closed schools in tea-growing mountainous regions after heavy rains and mudslides left five people dead, three wounded, and two missing. The Disaster Management Centre reports nearly 2,000 evacuated.

Twin earthquakes in Venezuela (7.2 & 7.5 magnitude) killed 6,125, with 17,000-29,500 unaccounted for. 200 buildings collapsed, mostly in La Guaira, with 16,200 structures deemed unsafe. Cleanup efforts continue, aided by new rental law for displaced victims.

India's real estate market is booming in luxury sectors while facing an acute supply crunch in affordable housing, with the shortage estimated at 9.4 million units.
Liquidators will begin examinations in the Federal Court into the $1.8 billion debt collapse of hospitality entrepreneur Jon Adgemis, exposing systemic risks within Australia's booming private credit market amid a looming property downturn.

Spain's average resale home price hit €3,154/sqm in July, up 16.2% year-on-year, pushing an 80sqm flat over €250,000 for the first time. Fotocasa attributes the surge to insufficient supply and robust demand, with prices rising across most regions and provinces.

Lễ công bố Dot Property Vietnam Real Estate Awards 2026 tại TP HCM đã vinh danh nhiều dự án và nhà phát triển bất động sản. Saigon Marina IFC nhận giải Project of The Year, D'. Patrimony được trao giải về thiết kế tổ hợp và phát triển cộng đồng, còn Vinhomes đạt danh hiệu Developer of The Year.
Bobby Boyette uncovered over 200 Civil War-era cannonballs on his Mississippi property during excavation. The discovery, dating back over 160 years, prompted an explosive ordnance disposal team due to potential live explosives, marking a significant historical find.
Legendary Hollywood actor Diane Keaton's Los Angeles dream home, which she spent nearly a decade designing and transforming, has found a buyer nine months after her death. The Sullivan Canyon property, most recently listed for $22.9 million, is now under a contingent offer.

Australia's Morning Mail covers significant news including falling house prices, concerns over First Nations deaths in custody, and the start of Alan Jones' trial. International news features the Middle East crisis and wildfire tragedies.
Rep. Ted Lieu promises an investigation into U.S. Attorney Jeanine Pirro's dropped felony charges against former Olympian David Hearn for Lincoln Memorial Reflecting Pool damage, which was later attributed to poor installation, not vandalism.
Michigan landowner Susan Miller sued Toll Brothers and other developers in Washtenaw County, alleging ignored property rights, altered water flow, and improper recording of easement changes for a 107-luxury home project with wastewater plants near her 19 acres.
Atmospheric scientists, led by NSF NCAR, developed a statistical tool using logistic regression to predict hurricane rapid intensification up to five days in advance for Atlantic storms. This new method analyzes 55 factors, offering longer warning times for coastal communities.

The U.S. Office of Foreign Assets Control sanctioned HormuzSafe Marine Services Authority and Persian Gulf Marine Insurance Company for operating in Iran's financial sector and supporting an IRGC-backed scheme. The firms allegedly force commercial vessels to buy insurance for Strait of Hormuz passage, with HormuzSafe accepting Bitcoin to bypass sanctions.
Australia's housing downturn is spreading beyond major cities, with national property prices falling 0.7% in July, the largest monthly decline since Dec 2022. Brisbane and Adelaide also saw declines, while Perth and Darwin had modest increases. Experts link the trend to interest rate hikes and policy changes, with potential for further falls.
The historic 4.2-acre site of the world's first motel, the Motel Inn in San Luis Obispo, California, is for sale, offering developers options for an 83-room hotel, assisted living facility, or mixed-use residential project. The property, bought in 2017 by CoVelop and Rossi Enterprises, comes with existing city approvals.
Nine months after Diane Keaton's death in October 2025, her Los Angeles dream home in Sullivan Canyon, which she spent nearly a decade designing, has found a buyer. The property, last listed for $22.9 million, is now under a contingent offer, moving towards closing.

Booking.com users, including Jane Ripley, John Taylor, and Kate Worthing, report significant challenges in obtaining refunds for substandard or misrepresented accommodation. This is due to the platform's terms and conditions, which state the contract is between the guest and host, leaving holidaymakers out of pocket.

China is shifting its growth strategy from exporting goods to exporting factories, technology, and brands globally. This comes as its traditional export model faces limits due to overcapacity and slowing domestic demand, prompting Beijing to seek new growth drivers.
Delvonne Johnson, 32, of East Hollywood, was sentenced to 12 months and one day in prison and ordered to pay $64,148 restitution to FEMA for fraudulently obtaining federal disaster-relief funds by falsely claiming property damage during the January 2025 Los Angeles County wildfires.
A Colorado home listed for $215,280 has gone viral due to a Zillow listing requiring buyers to evict the current resident, Tori McMechan, who refuses to leave. The listing bans inspections, and the sale stems from a 15-year foreclosure dispute following her husband's death.
The 2008 HGTV Dream Home in the Florida Keys, originally valued at $2.2 million and won by an Iowa couple who took a cash payout, is now listed for $14.9 million. The property has been transformed into a luxurious private resort with multiple buildings and a 100-foot pool.