📈 Today's Commercial Property & SMSF News
Record-Breaking Sunshine Coast Farm Sale: $93 Million Development Deal
A 39-hectare working farm in Maroochydore, Sunshine Coast, has been sold for $93.5 million to QM Properties, a private development company. The sale marks the end of an era for the Wise family, who had owned the land for generations. The property's prime location, near Mooloolaba beach and major transport routes, made it highly attractive to developers. The family decided to sell the entire property, including a smaller fig farm, following the recent death of the family patriarch.
Source: www.abc.net.au
📰 Recently Published
RBA and APRA Collaboration on Overnight Standing Facility
The Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA) issued a joint statement outlining their coordinated approach to managing the RBA's Overnight Standing Facility. This facility is crucial for maintaining the cash rate target under the RBA's new 'ample reserves with full allotment' monetary policy system. The statement highlights the importance of the facility in supplying necessary reserves, particularly during periods of increased liquidity demand by market participants. The collaboration between the RBA and APRA ensures a stable and efficient functioning of the financial system during the transition to the new monetary policy framework.
Source: www.rba.gov.au
Published: Saturday 02 August 2025 | Fresh Articles: 7 | Sections: 2 | RunID: 2025-08-01T18:33:30+00:00
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