📈 Today's Commercial Property & SMSF News
Australia's Mould Crisis: High-Value Suburbs at Risk
A recent surge in mould removal requests highlights a growing problem across Australia. New data reveals that even affluent areas are significantly affected, posing both health risks and potential financial losses for property owners. The increase is attributed to unusually wet weather and forecasts of continued high humidity.
Source: www.news.com.au
Hidden Homeownership Costs Shock Gen Z: Council Rates Surprise
A young influencer's experience has brought attention to unexpected council rates and associated fees for first-time homebuyers. The significant cost of waste collection services, among other charges, came as a surprise, emphasizing the need for greater financial awareness among young Australians entering the property market.
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. This surpasses the previous street record, highlighting the continued strength of the high-end Sydney real estate market. The property underwent significant renovations before the sale.
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 reflects the strong demand for high-value properties in the city's premium real estate market. The penthouse is located in a prestigious building known for its exclusive features.
Source: www.news.com.au
Qantas Soars to Record High After Jumbo Profits
Qantas Airways has announced record-high profits, leading to a significant surge in its share price. Strong travel demand and operational efficiencies contributed to the impressive financial results. The airline also declared substantial dividends for its shareholders.
Source: www.smh.com.au
Fremantle Car Yard Redevelopment: $55 Million Apartment and Hotel Project
A significant redevelopment 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 development in Fremantle's real estate 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 strategically located near their existing Civic Heart project, signifying continued investment and expansion in the South Perth area. The purchase underscores Finbar's confidence in the South Perth property market.
Source: www.businessnews.com.au
Melton Council Seeks Tighter Controls on Property Development Advertising
Melton City Council, experiencing rapid population growth, is urging the Victorian government to strengthen regulations on misleading property marketing. The council cites numerous complaints from residents regarding discrepancies between advertised amenities and the delivered reality in new housing developments. This action reflects concerns about consumer protection in rapidly developing areas.
Source: www.abc.net.au
Wesfarmers Announces $1.7 Billion Shareholder Return
Wesfarmers, a large Australian conglomerate, reported a significant increase in annual net profit. This strong performance, driven partly by proceeds from asset sales, will allow the company to return $1.7 billion 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 focused on the superannuation industry. These notes cover key topics discussed with a broad range of superannuation trustee CEOs.
Source: www.apra.gov.au
📊 Yesterday's Key Developments
Adelaide Leads Australian Capital City Property Price Growth Over Past Decade
New data reveals Adelaide's housing market has experienced the most significant price growth among Australian capital cities over the past ten years. A 7.3% average annual increase has led to a median house price of $850,000, exceeding growth in other major cities.
Source: www.realestate.com.au
Palm Beach Waterfront Cottage of Wallaby Legend Listed for $13.4 Million
The Palm Beach home of the late David Brockhoff, a renowned Wallaby player and coach, has been listed for sale. This historic weatherboard cottage, located on a highly sought-after street, is being offered via an expression of interest campaign with a price guide of $13.4 million.
Source: www.realestate.com.au
Sandringham Bayside House Transformed into Artist's Sanctuary
An artist has renovated a 1970s Sandringham house, transforming it into a creative and relaxing family home. The property features a renovated interior and a heated saltwater pool, reflecting the homeowner's artistic style and passion.
Source: www.realestate.com.au
Birkenhead Auction Home Attracts Record Interest Due to Price Guide
A character home in Birkenhead, listed with a price guide of $595,000, has garnered significant attention, prompting the selling agent to reconsider his usual auction strategy of not providing price guides. The high level of interest suggests that providing a price guide can be a highly effective marketing strategy in certain circumstances.
Source: www.realestate.com.au
Coastal Renovation Yields $815,000 Profit
A builder's renovation project in Ocean Grove resulted in an impressive $815,000 increase in property value. The three-bedroom house, originally purchased for $585,000 in 2020, recently sold for $1.4 million, exceeding the highest price expectation. This highlights the potential return on investment from home renovations, particularly in desirable coastal locations.
Source: www.realestate.com.au
Darwin Apartment Complex Slapped with Massive Strata Levy
Owners of units in a Darwin apartment complex face a significant financial burden after being hit with a special levy of at least $50,000 per unit. This substantial levy is intended to fund essential building repairs and upgrades, placing many owners in a difficult financial position. The article highlights the financial challenges faced by property owners in this situation.
Source: www.abc.net.au
Published: Thursday 28 August 2025 | Fresh Articles: 30 | Sections: 16 | RunID: 2025-08-28T13:27:22+10:00
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