📈 Today's Commercial Property & SMSF News
Australia's Mould Crisis: Suburbs Most at Risk Revealed
A recent surge in mould removal requests highlights a growing problem in Australian homes. New data pinpoints areas with the highest risk of mould infestation, impacting property values and posing health concerns. The increase is attributed to unusually wet weather and a La Niña watch, creating ideal conditions for mould growth. Homeowners are urged to be vigilant and proactive in addressing potential mould issues.
Source: www.news.com.au
Hidden Homeownership Costs Shock Gen Z: Council Rates Exposed
A social media influencer's experience highlights a common oversight for first-home buyers: substantial council rates. Her unexpected bill sparked a conversation about financial transparency in homeownership, revealing a knowledge gap among younger Australians. The case underscores the importance of understanding all associated costs beyond the purchase price when buying a property.
Source: www.news.com.au
Paddington Terrace Sets New Price Record: $10 Million Sale
A historic Paddington terrace, owned by a prominent fishmonger family, has sold for a record-breaking $10 million. The five-bedroom property, situated on a large block, surpassed the previous street record by exceeding $9.75 million. The sale reflects the ongoing strength of the Sydney luxury real estate market.
Source: www.news.com.au
Lloyd Williams Sells Melbourne Penthouse for $17.7 Million
Racing magnate Lloyd Williams has sold his luxury Melbourne penthouse for $17.7 million to an international buyer. The sale of the 'Tower of Power' penthouse highlights the high demand for premium city apartments. The transaction underscores the strength of the luxury residential sector in Melbourne.
Source: www.news.com.au
Qantas Shares Soar to Record High on Jumbo Profits
Qantas Airways reported its second-highest annual profit, driving its shares to an all-time high. Strong travel demand and successful operational strategies contributed to the record earnings. The airline announced a substantial dividend payout, further boosting investor confidence.
Source: www.smh.com.au
Fremantle Car Yard Redevelopment: $55 Million Apartment and Hotel Project
A significant development is planned for a 3,464 square meter car yard in Fremantle. The project, valued at $55 million, will encompass a six-story building featuring co-living spaces and a hotel. This substantial investment highlights the ongoing growth and transformation of Fremantle's property market.
Source: www.businessnews.com.au
Finbar's South Perth Expansion: $9.2 Million Land Acquisition
Finbar, a publicly listed Australian developer, has announced the purchase of a development site in South Perth for $9.2 million. This acquisition is situated near their existing Civic Heart project, indicating continued investment and expansion in the area's property market. The purchase underscores Finbar's confidence in the South Perth development sector.
Source: www.businessnews.com.au
Melton Council Seeks Tighter Real Estate Advertising Regulations
Melton City Council, experiencing rapid population growth, is urging the Victorian government to strengthen regulations on real estate advertising. The council cites misleading marketing practices as a significant issue for residents and seeks increased accountability for developers and agents. This action reflects concerns about the impact of rapid development on the community.
Source: www.abc.net.au
Wesfarmers Announces $1.7 Billion Shareholder Return
Wesfarmers, a large Australian conglomerate, reported a significant increase in net profit, driven by the sale of four major assets. This strong financial performance has enabled the company to announce a substantial $1.7 billion capital return to its shareholders.
Source: www.businessnews.com.au
APRA Releases Notes from July Superannuation CEO Roundtables
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly published notes summarizing discussions from two July 2025 CEO roundtables focusing on the superannuation industry. These notes cover key topics discussed with leading superannuation fund executives.
Source: www.apra.gov.au
📊 Yesterday's Key Developments
Adelaide Leads Australian Capital City Property Price Growth Over Past Decade
Recent data reveals Adelaide has experienced the highest average annual house price growth among Australian capital cities over the past ten years, exceeding 7.3 percent annually. This significant increase has resulted in a current median house price of $850,000.
Source: www.realestate.com.au
Palm Beach Waterfront Home of Wallaby Legend Listed for $13.4 Million
The Palm Beach waterfront home of the late Wallaby player and coach, David Brockhoff, is on the market for the first time in over a century. Located in a highly sought-after area, the property, known as Carinya, has a price guide of $13.4 million and is being sold via an expression of interest campaign.
Source: www.realestate.com.au
Sandringham Bayside House Transformed into Artist's Sanctuary
An artist has extensively renovated a 1970s Sandringham house, transforming it into a creative and relaxing family home. The property features a renovated interior and a saltwater pool, reflecting the owner's artistic style and sensibilities.
Source: www.realestate.com.au
Birkenhead Auction Home's Price Guide Sparks Record Interest
A character home in Birkenhead, listed with a rare price guide of $595,000, has generated unprecedented buyer interest, prompting the selling agent to reconsider his usual auction strategy. The high level of engagement suggests that transparent pricing can significantly boost auction success. The property's strong performance highlights the importance of accurate market valuation in achieving optimal sale results.
Source: www.realestate.com.au
Coastal Renovation Yields $815,000 Profit
A builder's renovation project in Ocean Grove, Victoria, resulted in an impressive $815,000 increase in property value. The three-bedroom house, originally purchased for $585,000, sold for $1.4 million, exceeding expectations and establishing a new benchmark for the area. This highlights the potential for significant returns on investment through strategic renovations in desirable coastal locations.
Source: www.realestate.com.au
Coles Outperforms Woolworths in Latest Financial Results
Coles has significantly outperformed Woolworths in their latest financial year results, with Coles' shares rising and Woolworths' shares falling sharply. Coles' increased earnings stand in contrast to Woolworths' reported 17% profit decrease. The differing performance highlights contrasting business strategies and market response to each company’s approach.
Source: www.smh.com.au
Woolworths Profit Plunge Fuels Investor Concerns
Woolworths experienced a substantial 17% drop in full-year profits, leading to a significant decline in its share price. Factors contributing to the poor performance include industrial action, ongoing supply chain issues, and consistent losses from its Big W discount department store. The results raise questions about the company's future performance and its ability to maintain market leadership.
Source: www.smh.com.au
Darwin Apartment Complex Slapped with Massive Strata Levy
Owners of units in a Darwin apartment complex face significant financial hardship after a special levy of at least $50,000 per unit was imposed by the body corporate. The levy is intended to fund substantial renovations, placing a considerable burden on residents.
Source: www.abc.net.au
Published: Thursday 28 August 2025 | Fresh Articles: 30 | Sections: 18 | RunID: 2025-08-28T13:26:28+10:00
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