📈 Today's Commercial Property & SMSF News
Desperate Housewives Stars Build Real Estate Empires
The cast of Desperate Housewives leveraged their TV success to amass substantial real estate holdings, acquiring properties ranging from Hollywood mansions to expansive estates. The actresses, who earned significant salaries during the show's run from 2004 to 2012, strategically invested in high-end properties. At their peak, Eva Longoria, Teri Hatcher, Felicity Huffman, and Marcia Cross reportedly earned between $US375,000 and $US400,000 per episode, providing them with the capital to build their property portfolios.
Source: www.news.com.au
Busby Marou's Tom Busby Lists Queensland Waterfront Home
Tom Busby, from the musical duo Busby Marou, has put his waterfront property in Currumbin Waters on the market. The listing, handled by Realty Blue Burleigh, coincides with the launch of Busby's first solo tour. The property was listed for sale via expressions of interest on October 28, shortly after Busby's solo debut at the Lighthouse Rock Festival on October 18. His 'The Lottery Tour' is scheduled to commence in Sydney on November 7, with subsequent performances in various locations across NSW, Queensland, and Victoria, promoting his debut album.
Source: www.news.com.au
Mike Hussey to Host Ashes Glamping Experience at the WACA
Cricket fans have a unique opportunity to spend a night at the WACA, camping on the turf and playing backyard cricket with Mike Hussey during the Ashes series. The experience includes accommodation in a glamping tent on the field, a cricket match with Hussey, and tickets to Day 2 of the Test at Optus Stadium. Guests will stay overnight after the first day of the Test on November 21, enjoy a tour of the ground, and have dinner in the Bradman Room, followed by time with Mike Hussey.
Source: www.news.com.au
Queensland Town Named Australia's Unhappiest for Couples
Douglas Shire in North Queensland has been identified as the location with the unhappiest couples in Australia, based on an analysis of divorce and separation rates, and Google searches related to relationship breakdowns. The region, which includes Port Douglas, scored lowest on a relationship happiness scale, exhibiting a divorce rate close to 12%, a separation rate of 3.9%, and a high volume of divorce-related online searches per capita. Family lawyer Vanessa Hernandez noted that Douglas Shire faces unique challenges.
Source: www.news.com.au
ASIC Flags Concerns Over Private Lending Boom, Threatens Tighter Regulation
ASIC is considering stricter regulations for Australia's rapidly expanding private lending sector, which has approximately $200 billion in loans, many to high-risk real estate and property development ventures. The regulator is concerned about standards in the sector, which sources funds from private investors through wholesale and retail funds. ASIC aims to boost investor confidence in both public and private markets by aligning private lending practices more closely with those of the traditional banking sector.
Source: www.abc.net.au
📊 Yesterday's Key Developments
RBA Holds Cash Rate Steady at 3.60% Amid Inflation Concerns
The Reserve Bank of Australia (RBA) has decided to maintain the cash rate at 3.60%. While inflation has decreased significantly since 2022 due to higher interest rates balancing demand and supply, recent data indicates a resurgence. Trimmed mean inflation for the September quarter was 1.0% and 3.0% annually, exceeding expectations. Headline inflation rose to 3.2% annually in the same quarter, partly influenced by the end of electricity rebates in certain states. The RBA believes some of the underlying inflation increase is temporary.
Source: www.rba.gov.au
SMSF Sector Needs Innovation and Resilience to Thrive, Says Auditor
A leading auditor suggests that SMSF trustees must embrace innovation and adapt to market volatility and emerging technologies to ensure the resilience of their funds. According to Shelley Banton, director of Super Clarity, the SMSF sector is facing increasing regulatory complexity, cyber threats, and the rise of AI, requiring a proactive approach to risk management.
Source: www.smsfadviser.com
Guidelines Clarify Asset-Test Exempt Income Stream Status
New guidelines confirm that asset-test exempt (ATE) income streams retain their status, even if they are now commutable due to legacy pension reforms, according to SUPERCentral's special counsel, Michael Hallinan. Previously, ATE income streams were required to be non-commutable, with limited exceptions.
Source: www.smsfadviser.com
RBA Holds Cash Rate Steady Amid Inflation Concerns
The Reserve Bank of Australia (RBA) has decided to maintain the official cash rate at 3.6%. This decision aligns with market expectations following the release of higher-than-anticipated quarterly inflation figures. The September quarter CPI data from the ABS showed that trimmed-mean inflation rose by 1%, exceeding both the market consensus and the RBA's forecast.
Source: www.smsfadviser.com
Brisbane's 'Gucci Mansion' Sells for Record Price
A luxury Brisbane residence, dubbed the 'Gucci mansion,' has been sold for a new suburb record. The owners, who recently purchased a waterfront property on the Sunshine Coast, listed the East Brisbane home after acquiring the Noosa Heads property. The sale price is understood to be above $13.1 million.
Source: www.realestate.com.au
Tough Times Predicted for Australian Property Market
The Australian property market faces significant challenges, including rising inflation. While the RBA held the cash rate steady, economists suggest a rate hike is possible before Christmas or in February if inflation persists. Economist Nerida Conisbee had previously reported double-digit house price growth for the year.
Source: www.realestate.com.au
Regional Property Markets Outpace Capital Cities Driven by Affordability and Commodities
Regional Australian property has grown faster than the national average in the last decade, with a 14.1% outperformance. This growth is attributed to city dwellers seeking affordable lifestyles and the cyclical nature of commodity markets. The shift towards remote work during the pandemic accelerated the move to regional areas. Mining towns experience booms and busts tied to global demand for Australian resources.
Source: www.realestate.com.au
RBA Holds Cash Rate Steady at 3.6% Amid Inflation Concerns
The Reserve Bank of Australia (RBA) has decided to maintain the cash rate at 3.6% for the second consecutive month. This decision follows recent inflation data for the September quarter, which exceeded expectations. RBA Governor Michele Bullock indicated that the board only considered holding rates steady, with no discussions about potential cuts or increases. Inflation is projected to remain above the RBA's target range of 2-3% until mid-2026.
Source: www.realestate.com.au
RBA Forecasts Steady Economic Growth, Hints at Future Rate Hikes
The Reserve Bank of Australia's recent Statement on Monetary Policy projects ongoing economic growth of approximately 2% annually. Housing investment is expected to be a primary growth driver, with forecasts adjusted upwards due to government initiatives aimed at constructing 1.2 million new homes by the end of the decade. While interest rates remain unchanged at 3.6%, some economists suggest that the next rate adjustment may be an increase, potentially occurring in 2027.
Source: www.abc.net.au
Leeuwin Wealth Approaches $1 Billion in First Year
Leeuwin Wealth has experienced rapid growth, almost doubling its managed funds to $1 billion within its initial year of operation. The company has also been involved in 18 capital market transactions during this period.
Source: www.businessnews.com.au
Australian Shares Decline After RBA Holds Rates Steady
The Australian share market experienced a decline, reaching a six-week low, following the Reserve Bank of Australia's decision to maintain current interest rates. The RBA indicated that there is no immediate plan to alter the rates.
Source: www.businessnews.com.au
Published: Wednesday 05 November 2025 | Fresh Articles: 32 | Sections: 16 | RunID: 2025-11-05T08:11:48+11:00
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