📈 Today's Commercial Property & SMSF News
RBA Interest Rate Cut: Potential $20,000 Boost for Homebuyers
The Reserve Bank of Australia's (RBA) anticipated interest rate cut could significantly impact the Australian housing market. Economists predict a 0.25 percentage point decrease, potentially saving homebuyers up to $20,000. However, buyers are cautioned to be aware of potential price increases by sellers. Homeowners are advised to immediately apply any savings to their mortgage principal and avoid fixing their loans for several months.
Source: www.realestate.com.au
East Geelong Property Market Shows Signs of Recovery
A Victorian-era house in East Geelong recently sold for $1.08 million, representing an $180,000 increase in value over just over a year. This significant profit suggests a positive shift in the East Geelong property market. The sale, facilitated by Jellis Craig Geelong, involved two bidders competing for the property, indicating increased market activity.
Source: www.news.com.au
RBA Live Announcement: Impact on Australian Housing Market
The Reserve Bank of Australia (RBA) is announcing its latest cash rate decision. National home prices reached a record high in July and are expected to rise further following another potential rate cut. The RBA's decision will be closely watched given recent inflation figures and ongoing international trade tensions. Homeowners await the announcement with anticipation.
Source: www.realestate.com.au
Star Entertainment Sells Queen's Wharf Stake to Hong Kong Consortium
Star Entertainment Group has finalized a $53 million agreement to sell its 50% stake in Brisbane's Queen's Wharf casino to Chow Tai Fook Enterprises and Far East Consortium. This deal is a key step for Star in addressing its substantial debt and navigating ongoing financial difficulties. The sale includes the transfer of Star's ownership in Gold Coast casino properties.
Source: www.smh.com.au
📊 Yesterday's Key Developments
Bondi Sub-Penthouse Listed for $18 Million
A sub-penthouse in Bondi Beach's Hall & Campbell development is on the market with an asking price of $18 million. Located below a penthouse purchased by former Wallaby Jason Little for $23 million, this luxury apartment is part of a boutique seven-unit development. The 363-square-meter space is being sold as a display apartment, fully finished and ready for immediate occupancy.
Source: www.realestate.com.au
Melbourne Home Sells for $2.9 Million Despite Rate Hike Fears
A three-bedroom house in Melbourne's Princes Hill neighborhood sold for $2.9 million at auction, exceeding expectations. The successful sale is attributed to a strategic decision by the agent to hold the auction before a potential interest rate increase. The property's desirable location, near Princes Park and Lygon Street, and its features including a triple garage, contributed to the strong bidding interest.
Source: www.realestate.com.au
Highton Townhouse Development Commences
Construction has begun on a $10 million project in Highton, Victoria, that will create 19 high-end townhouses. The development, known as ARC Highton, is located less than a kilometer from Highton Village and will consist of three and four-bedroom, two-story homes, each with a separate freehold title. Initial work focuses on connecting the site to the existing road network, with construction to be completed in two phases.
Source: www.realestate.com.au
Melbourne Home Sells for $2.9 Million, Defying Market Trends
A three-bedroom house in Melbourne's Princes Hill suburb sold for $2.9 million at auction, exceeding expectations. The successful sale is attributed to a strategic decision by the selling agent to hold the auction before a scheduled interest rate cut, creating a surge in buyer demand. The property's desirable location, opposite a rail trail and near Princes Park and Lygon Street, also contributed to its high sale price.
Source: www.news.com.au
RBA Interest Rate Decision: Potential Cuts Amid Economic Uncertainty
The Reserve Bank of Australia (RBA) is expected to announce a potential interest rate cut following its previous meeting, which surprised financial markets by maintaining rates. The decision will be closely watched for its impact on the broader Australian economy and its implications for borrowing costs for consumers and businesses.
Source: www.abc.net.au
Perth Convention Centre Redevelopment: Viability Questioned
Western Australia's Premier, Roger Cook, has addressed concerns regarding the potential delay or cancellation of the Perth Convention Centre redevelopment project. The project's financial feasibility is currently under review, raising questions about its future.
Source: www.businessnews.com.au
Published: Tuesday 12 August 2025 | Fresh Articles: 30 | Sections: 10 | RunID: 2025-08-12T13:37:19+10:00
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