📈 Today's Commercial Property & SMSF News
Rising Energy Costs Impacting Australian Households with Adult Children
A recent study by iSelect reveals that parents in South Australia are paying over $1,000 extra per year on energy bills due to adult children living at home. The study considered appliance energy usage, usage habits of 18-29 year olds, and state electricity prices. High usage households in South Australia could see an increase of up to $1,463. Other states impacted include Queensland, NSW, and Western Australia.
Source: www.news.com.au
Hugh Jackman's Business Partner Lists Wellness Estate Amidst Eco-Retreat Venture
Tony de Leede, Hugh Jackman's partner in the Gwinganna Lifestyle Retreat, has listed a newly built wellness estate for sale. The property, named EcoView Resort, is located a short drive from Gwinganna in the Gold Coast hinterland. The 28-hectare property features 15 villas, multi-purpose spaces, and a four-bedroom residence, designed for short-term rentals or a large-scale operation.
Source: www.news.com.au
Australian Property Industry Raises $1 Million to Combat Homelessness
The Australian property industry has raised over $1 million for homelessness initiatives through the 'A Night Without Home' campaign. Real estate agents and executives participated by sleeping without the comforts of home to raise awareness and funds. The initiative, by A Home for All Foundation, saw participants sleeping in various locations during October, raising funds to address the issue of homelessness in Australia.
Source: www.news.com.au
Australians Expected to Spend Record $6.8 Billion During Black Friday Sales
Australian shoppers are projected to spend a record $6.8 billion over the Black Friday-Cyber Monday weekend, according to the Australian Retailers Association and Roy Morgan. Approximately 6 million Australians are expected to participate in the sales, spending an average of $804 each. The Black Friday sales are becoming increasingly important for Christmas purchases, with consumers seeking budget-friendly deals.
Source: www.abc.net.au
First Home Buyer Schemes May Inflate Property Prices
A family was able to purchase a home after benefiting from a government program that reduced the deposit required to 5%. They had enough savings to cover mortgage payments for over a year, but didn't want to deplete their emergency fund. The program allowed them to buy in a preferred suburb, which they thought was not possible without the scheme. First home buyers are finding it difficult to compete with property investors at auctions.
Source: www.abc.net.au
📊 Yesterday's Key Developments
SMSF Adviser Highlights Lingering Questions on CGT and Division 296 Tax
According to Aaron Dunn, CEO of Smarter SMSF, there are still some questions regarding how capital gains tax (CGT) will be applied under the revised Better Targeted Superannuation Concessions legislation, particularly whether a reset will occur. While fact sheets explain the Division 296 tax revisions, formal guidance on CGT application is still pending. The removal of tax on unrealized capital gains has shifted the sector's focus to taxable income-based earnings.
Source: www.smsfadviser.com
Ensuring Proper Property Acquisition is Crucial for SMSFs
Jason Hurst from Accurium emphasizes the importance of correctly acquiring property within an SMSF to avoid future complications, especially during audits. Purchasing property, whether residential or business-related, is a key reason for establishing an SMSF. He advises working with lawyers to ensure a smooth acquisition process from the outset, as clients often rush into purchases, increasing the risk of errors.
Source: www.smsfadviser.com
Industry Calls for Clarity and Transitional Support for Payday Super Legislation
A group of industry bodies, including the SMSF Association, recommends a more generous and well-defined transitional compliance period for the new payday super legislation. In a submission to Treasury, the bodies advocate for ATO-led messaging to assist employers and an extended transitional compliance period, citing the significant operational, legislative, and technological changes required across the superannuation ecosystem.
Source: www.smsfadviser.com
Historic Sydney Home, Once Filled with Pianos, Listed for Auction
A four-bedroom house in Newtown, Sydney, known for housing multiple grand pianos and hosting classical musicians, is up for auction with a price guide of $4 million. The property was previously owned by Robert Mitchell and Denis Condon, both music teachers. Condon, a leading authority on piano rolls, amassed a collection of 7540 pieces, now displayed at Stanford University. The home's unique history and Condon's piano collection influenced its character.
Source: www.realestate.com.au
Coastal Carrickalinga Joins South Australia's Million-Dollar Property Club
Carrickalinga, a coastal town on the Fleurieu Peninsula, has become the only regional area in South Australia with a median house price exceeding $1 million, currently sitting at $1.405 million. Property values in Carrickalinga have increased by 104.4% in the past year and nearly 200% over the last five years. In 2020, the median house price was $475,000. Port Elliott, Middleton, Hindmarsh Island and Wasleys are trailing closely behind. A property at 95 Gold Coast Drive recently sold for over one million dollars.
Source: www.realestate.com.au
Brisbane Riverfront Estate Listed After 25 Years Amidst Rising Prices
A riverfront estate in Yeronga, Brisbane, spanning over 7,300 sqm, has been listed for sale for the first time in 25 years. Brisbane's prestige riverfront market is experiencing scarcity, driving prices to record highs. Last year, approximately 40 riverfront houses were sold in Brisbane, with a total transaction value of $231.8 million and an average sale price of $5.8 million, a 29% increase. Two riverfront sales in Hawthorne exceeded $20 million. The property at 51 Stevens St, Yeronga is being marketed by Heath Williams of Place New Farm.
Source: www.realestate.com.au
Homebuyer Outbids Investors for Norlane Property Before Auction
A young homebuyer secured a three-bedroom house at 9 Donnelly Ave, Norlane, for $625,000, outcompeting multiple investors. The deal was finalized the evening before the scheduled auction. The property had a price guide of $550,000 to $600,000. The seller accepted the offer before the auction because it exceeded the listed price range. The updated Californian bungalow features two living areas and sits on a 650sq m block.
Source: www.realestate.com.au
Buffett's Farewell: A Reflection on Longevity, Luck, and Corporate Ethics
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has penned his final letter to shareholders, marking the end of an era. Buffett, with a personal fortune of approximately $US150 billion, used his last address to reflect on corporate greed. His departure carries considerable weight as he leaves behind a legacy as a business leader.
Source: www.smh.com.au
Mortgage Customers Vulnerable Amidst Non-Bank Lending Growth
The rapid expansion of non-bank lenders in Australia, fueled by interest rate reductions and a thriving property market, has drawn the attention of analysts. These lenders are aggressively competing for a larger share of the loan market, leading to increased interconnectedness with the broader financial system. The Australian financial system holds substantial assets, a significant portion of which is managed by the non-bank sector, comparable in size to other advanced economies.
Source: www.abc.net.au
Mader Founder Purchases Peppermint Grove Property
Luke Mader, the founder of Mader Group, has bought a house in Peppermint Grove, Perth. The purchase price ranks among the highest paid for a residential property in Perth so far this year.
Source: www.businessnews.com.au
Published: Wednesday 12 November 2025 | Fresh Articles: 31 | Sections: 15 | RunID: 2025-11-12T08:11:11+11:00
Enjoyed this article?
Get weekly commercial property insights and market updates.
Join 450+ property investors • Unsubscribe anytime