You won’t be allowed to keep your parents’ house after they pass away. Starting in 2026, a new federal inheritance regulation will give the government the right to seize real estate assets if certain conditions aren’t met. Treasury Department, heirs who cannot immediately pay property transfer taxes and meet updated ownership compliance rules may lose legal rights to inherited homes.

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If lawmakers do not change the law, the amount of property value transferable to an heir, tax-free, will return to pre-2018 levels, adjusted for inflation. However, a Senate Finance Committee proposal announced June 16, 2025, under the budget reconciliation bill — also known as U.S. President Donald Trump’s Big, Beautiful Bill Act — would increase the exemption minimum to $15 million and make that permanent (see Page 12).

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• The CBD and inner south had the largest gain in prices over the past quarter, increasing 3.42 per cent.
• The law is part of the National Housing Reform Act, and aims to increase housing availability by reclaiming underused or unpaid properties.
• Sydney home prices have torn even further away from the rest of the country after another month of accelerated growth fuelled by recent interest rate cuts.
• However, a Senate Finance Committee proposal announced June 16, 2025, under the budget reconciliation bill — also known as U.S.
• “What Happens after My Property Is Seized and How Do I Get It Back?

  However, a Google search for “2026 federal inheritance regulation” returned no results from reputable news outlets about inheritance property seizures. If a law prohibiting children from keeping their parents’ homes did pass, it would be eminently newsworthy. One law that passed in 2017 and exempts heirs from paying taxes on inherited properties up to a certain limit, however, does expire in January 2026. If lawmakers don’t extend the exemption, only extremely wealthy families would see an impact — and that does not mean the government would unilaterally seize these families’ homes.

  At MyHome.ie, you’ll find a wide selection of new homes, rentals, shared accommodation, holiday homes and overseas properties, so whatever type of property you’re interested in, you’ll find it at MyHome.ie. The increased borrowing power from lower interest rates encouraged more property buyers to bring forward their plans to purchase, Ms Creagh said. The bumper growth pushed up the median price of a city house to an unprecedented $1.55 million – about $500,000 pricier than houses in the country’s next most expensive capital, Brisbane. Sydney home prices have torn even further away from the rest of the country after another month of accelerated growth fuelled by recent interest rate cuts. But a Google search for the “National Housing Reform Act” returned no results, indicating that the purported act was either fabricated or referred to by the wrong name. A “National Housing Act” does exist but it is from 1934 and did not handle inheritance issues.

  Add keywords of features, from deal-breakers to nice-to-haves, then we’ll sort your property search results accordingly. If you’re looking for a little inspiration, browse our news section where you’ll find plenty of information on buying, renting or selling a home. She expected this pattern to continue for the operationgoldstar rest of the year given high expectations of another rate cut in July, plus further cuts, but she noted that poor affordability would moderate coming price rises. The prospect of further easing in rates had the extra effect of boosting buyer confidence and making buyers more comfortable placing higher offers, she said.