📈 Today's Commercial Property & SMSF News
Brisbane Family Chooses Apartment Living Over Suburban Home
A Brisbane family, the Sorensens, sold their five-bedroom suburban house with a pool four years ago in favour of a four-bedroom apartment. Anthony Sorensen cited the burden of maintaining a large property as the primary reason for the move. The family has embraced apartment living, finding it more suitable for their busy lifestyle.
Source: www.news.com.au
Complex Data Clouds Reserve Bank's Rate Cut Decisions
The prospect of interest rate cuts by the Reserve Bank is becoming increasingly uncertain due to conflicting economic data. While a strong labour market suggests rates may remain steady for longer, emerging weaknesses hint at easing inflationary pressures. October's unemployment rate decreased to 4.3%, indicating a robust job market, which complicates the RBA's considerations for near-term rate cuts.
Source: www.news.com.au
Former Virgin Australia CEO Returns to Aviation with Fiji Airways
Paul Scurrah, the former CEO of Virgin Australia, has taken the helm at Fiji Airways. Scurrah, who departed Virgin Australia in 2020, aims to attract more tourists from the US and Asia to Fiji. His focus is on promoting Fiji as a premium tourist destination that offers unique experiences.
Source: www.smh.com.au
📊 Yesterday's Key Developments
Victorian Home Sales Slow as Landlord Exodus Continues
A projected 10,000 properties have been removed from Victoria's rental market in the past year. This decline coincides with the state government's passage of legislation allowing renters to transfer their bond to a new lease, potentially saving them from paying two bonds simultaneously. Melbourne's median weekly rent increased by approximately $14 to $570, while regional Victoria saw a rise of about $23 to $470.
Source: www.realestate.com.au
Prolonged Sales Times Impact Victoria's Housing Market
The time required to sell a home in certain Victorian areas has increased significantly, with some properties taking over six months to find a buyer. Eleven towns and suburbs are currently experiencing these extended sales periods, a substantial increase from previous years. Despite rising home prices and anticipated interest rate cuts, some sellers are facing challenges in securing timely sales.
Source: www.realestate.com.au
Billionaire Gives Away Block Homes in Live Lottery
Adrian Portelli, an Australian billionaire, has distributed the homes he purchased on The Block at Phillip Island to five winners via a live lottery. The event attracted over 20,000 online viewers and a crowd of attendees, one of whom traveled over two hours to be present. The giveaway event included entertainment and promotion for Portelli's new show.
Source: www.news.com.au
Published: Sunday 16 November 2025 | Fresh Articles: 12 | Sections: 6 | RunID: 2025-11-16T08:10:34+11:00
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