📊 Yesterday's Key Developments
Aireys Inlet Home Offers Holiday Rental Income Next to Iconic Lighthouse
A coastal property in Aireys Inlet, Victoria, adjacent to the Split Point Lighthouse, is on the market. The home, owned by the same family since 1937 and built in 1985, generates approximately $50,000 annually from holiday rentals, largely due to its proximity to the famous lighthouse, known from the TV show 'Round the Twist'.
Source: www.realestate.com.au
Vaucluse Home Purchased for $760k in 1985 Sells for $22 Million at Auction
A six-bedroom house in Vaucluse, Sydney, bought for $760,000 in 1985, has been sold at auction for $22,055,000. The property, located opposite the Hermitage foreshore walk and Strickland House, significantly exceeded its $20 million price guide due to its harbour views.
Source: www.realestate.com.au
Brisbane Riverfront Project Offers Luxury Apartments in Newstead
Consolidated Properties Group has filed development approval for a new riverfront project in Newstead, Brisbane. The project, designed by Woods Bagot and to be built by Hutchinson Builders, includes a 25-storey tower and a four-level luxury building, offering 235 premium apartments, including 12 ultra-luxury homes. Construction is expected to commence in 2026.
Source: www.realestate.com.au
Plans Lodged for Over-50s Lifestyle Community in Gatton, Queensland
Bocina Group has submitted plans for Solara Estate, an over-50s lifestyle community in Gatton, Lockyer Valley, Queensland. The development will consist of 267 homes on a 16.74-hectare site near the town's golf course. The project aims to address the shortage of suitable housing for downsizers in the region.
Source: www.realestate.com.au
Older First-Home Buyers Face Mortgage Debt in Retirement
Many first-time homebuyers in Sydney and New South Wales are facing the prospect of mortgage debt extending into their retirement years. Research indicates that first-time buyers are older than ever due to high property prices, slow wage growth, and the difficulty of saving a deposit. Westpac data shows that 20% of first-home buyer loans went to individuals over 40. The average age of first-time buyers has increased to 34, up from 32 in 2020, with some brokers reporting an even higher average.
Source: www.news.com.au
Nightcliff Home with Modern Renovations Heads to Auction
A renovated two-story home on a large block in Nightcliff is going to auction. The property, located at 54 Progress Drive, features secure fencing, a large carport, and a shed. The selling agent highlights its location near the Nightcliff foreshore, shops, markets, and cafes. The house has been renovated to bring new life to a classic Darwin home. It includes tiled flooring downstairs, timber floors upstairs, and louvres throughout. The living room has a double-height ceiling and flows into the open-plan kitchen and dining area. The kitchen features black and white finishes.
Source: www.news.com.au
Victorian Premier's Department Downsizes Office Space, Embraces Hybrid Work
The Department of Premier and Cabinet in Victoria is relocating from its current high-rise location at 35 Collins Street to 1 Treasury Place. This move reflects a broader trend of the state government reducing its office footprint. The new office space will not provide a dedicated desk for every employee, indicating a shift towards hybrid work arrangements. The government is reportedly seeking to reduce its total leased office space from 100,000 square metres to 80,000 square metres, with a desk-to-worker ratio of 60 desks per 100 workers in some locations.
Source: www.smh.com.au
Architectural Gem 'Nioka' in Northwood Celebrates History and Design
Nioka House, a four-level home in Northwood, Sydney, has been carefully restored. Designed in 1975 by architect Furio Valich, the home borders the Gore Creek Reserve. The property's name, meaning "green hill" in an Indigenous language, reflects its location surrounded by greenery. A Studio Architecture sensitively restored the concrete block, steel, and glass house for its artistic owners. The project received a creative adaptation heritage award from the Australian Institute of Architects (NSW Chapter).
Source: www.smh.com.au
Victorian Premier's Department Relocates, Embraces Flexible Workspace
The Department of Premier and Cabinet in Victoria is moving from its current location at 35 Collins Street to 1 Treasury Place. This move signals a shift towards flexible working arrangements, as there will not be enough desks for all employees, anticipating that not all staff will be in the office simultaneously. This transition occurs amid reports of the state government seeking to reduce its office space requirements, consolidating from 100,000 to 80,000 square meters and aiming for a desk ratio of 60 desks per 100 employees.
Source: www.theage.com.au
ASX Experiences Renewed IPO Activity Amidst Market Optimism
The Australian Securities Exchange (ASX) is showing signs of revitalization with an increase in Initial Public Offerings (IPOs). After a slow 2024, the market is on track to exceed expectations with an anticipated 40 listings by year-end. Investor confidence, fueled by speculation around potential interest rate cuts, is driving enthusiasm and trading volumes in the small-cap sector. Everlast Minerals has been named the ASX Runner of the Week, exemplifying this renewed market vigor.
Source: www.theage.com.au
Australian Share Market Declines Amidst Global Economic Factors
The Australian share market experienced a downturn due to weaker job figures, anticipation of interest rate cuts in the United States, and a failed takeover attempt in the oil and gas industry. The Australian dollar nearly reached 67 US cents. Gold prices are climbing due to global conflicts and uncertainty surrounding the US economy, leading to a rise in gold mining stocks.
Source: www.abc.net.au
Weekly Business and Finance News Program
Each Friday night, Alicia Barry presents a summary of the week's business, finance, and economic news. The program covers trends in Australian and international markets, analyzing the local and global economy and its impacts.
Source: www.abc.net.au
Latest Interest Rate and Financial News Coverage
This webpage provides breaking news and in-depth analysis of interest rates and financial news. It features coverage of the Reserve Bank of Australia, interviews with economists and politicians, and examines the cost of living crisis, mortgages and other related issues. It also covers how the RBA cash rate affects interest rates of major banks and the economy.
Source: www.9news.com.au
Pub Plan Proposed for Coogee Marina, Prendiville Group Acquires Waterfront Site
The 'At Close of Business' podcast on Business News Australia mentioned that a Coogee marina is considering a plan for a large pub with a capacity of 700 patrons. Additionally, the Prendiville Group has acquired a new waterfront property. The podcast also covered other topics, including an interview with Kym Illman and potential tariffs on pharmaceuticals.
Source: www.businessnews.com.au
Palmerston Association Receives $3 Million Grant for New Integrated Care Hub
Palmerston Association has received a $3 million grant from Lotterywest to facilitate the construction of a new integrated care hub at Oxford House in West Leederville. The organization acquired the site last year, and the grant will significantly aid in the development of the facility.
Source: www.businessnews.com.au
Published: Saturday 27 September 2025 | Fresh Articles: 34 | Sections: 15 | RunID: 2025-09-27T07:23:26+10:00
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