📈 Today's Commercial Property & SMSF News
Coastal Property Sold Quickly for $1.78M Due to Short Settlement Preference
A 61-hectare surf coast property featuring 1.8km of water frontage was purchased before auction for $1.78 million. While a higher bid was made, the sellers favored the offer with a shorter settlement period. The property, located in Breamlea, was originally listed with price expectations between $1.5 million and $1.65 million. Two interested parties emerged quickly, and the sellers ultimately chose the offer with the more favorable settlement terms.
Source: www.news.com.au
Snowy Mountains Brumby Sanctuary and Tourism Venture Listed for Sale
A 6,200-acre property bordering Kosciuszko National Park, which has been operating as a brumby sanctuary and tourism business for 20 years, is now on the market. The property, located in Ingebirah, offers potential buyers the opportunity to continue its use as a tourism venture, a rural property, or a private estate. The current owners, who purchased the property in 2004, transformed it into a refuge for brumbies.
Source: www.news.com.au
Online Retailers Targeted by 'Friendly Fraud' Chargeback Claims
Online retailers are facing increasing losses due to fraudulent chargeback claims, also known as "friendly fraud," where customers falsely dispute charges to get refunds. Small business owners report losing thousands of dollars as banks often side with the customers, reversing transactions even with evidence to the contrary. Shop owners are calling for better protection against these cybercrimes.
Source: www.abc.net.au
WA Electoral Commissioner Resigns After Contentious Election
Robert Kennedy has formally resigned from his position as Western Australia's electoral commissioner. His resignation comes almost nine months after the state election of 2025, which was marked by controversy. Further details require a login or subscription.
Source: www.businessnews.com.au
📊 Yesterday's Key Developments
ANZ Reverses Forecast, Expects RBA to Hold Rates Steady Through 2026
ANZ has revised its economic outlook and no longer anticipates the Reserve Bank of Australia (RBA) will lower interest rates in the first half of 2026. This adjustment aligns ANZ with Commonwealth Bank and National Australia Bank, all of whom now predict the RBA will maintain the current cash rate of 3.6% throughout 2026. The change in forecast is attributed to recent inflation figures exceeding expectations. While ANZ does not foresee immediate rate hikes due to a softening employment market, the bank expects the RBA to remain on hold to manage inflation, which is currently above the target range of 2-3%.
Source: www.realestate.com.au
Australian Housing Market Reaches Record $11.9 Trillion Value
The total value of residential properties in Australia has climbed to $11.9 trillion, driven by rising property values across the country. According to the Australian Bureau of Statistics (ABS), the value of Australia's 11.41 million homes increased by 2.7% in the September quarter, representing a $317 billion increase from the previous quarter. During this period, over 53,000 new homes were added to the market. The ABS reports that all states and territories experienced increases in home prices, with the average dwelling price rising by $23,000 to $1,045,400. Queensland follows New South Wales with an average dwelling price exceeding $1 million, after experiencing a 3.5% increase in the September quarter.
Source: www.realestate.com.au
Lisa Wilkinson and Peter FitzSimons Purchase $15 Million Mosman Penthouse
Lisa Wilkinson and Peter FitzSimons have purchased a $15 million penthouse in the Britannic Mansions, a distinctive castle-like complex in Mosman. The purchase price was at the lower end of the initial $15 million to $16.5 million price range. The penthouse features a rooftop terrace equipped with a teppanyaki barbecue, an open rooftop bathtub, and views of the city. The waterfront property also includes gardens, a cave, and a jetty, with a heritage-protected sandstone facade and a turret.
Source: www.realestate.com.au
Rivergum Announces New Affordable Townhome Community in Adelaide
Rivergum has announced a new residential development called Panorama, located 8 kilometers south of Adelaide's CBD. The community aims to provide affordable home ownership with 76 architecturally designed Torrens-titled townhomes. Rivergum is the developer and builder, and the townhome designs are inspired by the Streamline Moderne style. The project is designed to appeal to first-home buyers, young professionals, downsizers, and investors.
Source: www.realestate.com.au
Racing Car Circuit in Marulan, NSW, Listed for Sale
Pheasant Wood Circuit, a 60-hectare racing car circuit located in Marulan near Goulburn, NSW, is for sale with offers above $10 million being sought. Owned by Steve Shelley, co-founder of Deputy, the property is marketed towards car clubs, car enthusiasts, or someone seeking a private track. The listing is managed by Biller Property, who report high inquiry levels.
Source: www.news.com.au
Critica Achieves Milestone with Second High-Grade Rare Earths Product
Critica has announced the production of its second high-grade mixed rare earths product (MREP) from its Jupiter project in Western Australia. The latest batch, sourced from a different part of the resource, showed 86 per cent total rare earth oxides (TREO) with a 68 per cent recovery rate after upgrading. Metallurgical tests indicated that the Jupiter concentrate can be leached using hydrometallurgical methods to create a high-purity oxide product.
Source: www.smh.com.au
Lindian's Malawi Rare Earths Project Shows Promising Metallurgical Results
Lindian Resources has reported a significant advancement in its Kangankunde rare earths project in Malawi. Testing by ANSTO confirmed that its monazite ore feed can be processed into a mixed rare earth carbonate (MREC) grading 54 per cent total rare earths oxide concentrate (TREO), including 20 per cent neodymium and praseodymium (NDPR). ANSTO's endorsement is considered important due to their expertise in rare earths metallurgy and radioactivity classification.
Source: www.smh.com.au
Corporate Travel Management Faces Scrutiny Over Alleged Overcharging
Corporate Travel Management (CTM) is under pressure from both the Australian and UK governments due to accusations of overcharging. The Australian government, a significant client whose travel management contract with CTM is up for renewal in 2027, has requested an explanation from the company. The company's share price has been volatile, and the current scrutiny poses a major challenge to its future.
Source: www.smh.com.au
Macquarie Tech Backs Government AI Data Centre Plan
Macquarie Technology Group's CEO, David Tudehope, has voiced support for the government's national AI strategy, coinciding with the completion of their new AI data center in North Sydney.
Source: www.abc.net.au
AI Expert Flags Safety Concerns with Government's AI Strategy
Professor Nicholas Davis, Co-director at the UTS Human Technology Institute, believes the government's AI plan requires more robust measures to adequately protect Australians.
Source: www.abc.net.au
Small Businesses Hit by Rise in Online Shopping Fraud
Adelaide Miller reports that small business owners are experiencing significant financial losses due to fraudulent chargebacks, where online shoppers dispute legitimate transactions to get refunds.
Source: www.abc.net.au
Perdaman Acquires Subi Square Shopping Centre for $14.7 Million
Fertiliser company Perdaman has finalised the purchase of Subi Square shopping centre in Subiaco from Perth property fund APIL for $14.7 million.
Source: www.businessnews.com.au
Perdaman Acquires Subi Square Shopping Centre for $14.7 Million
Fertiliser company Perdaman has expanded its property portfolio with the acquisition of Subi Square shopping centre in Perth. The $14.7 million deal sees the asset transfer from Perth property fund APIL to Perdaman.
Source: www.businessnews.com.au
Published: Wednesday 03 December 2025 | Fresh Articles: 25 | Sections: 17 | RunID: 2025-12-03T08:11:57+11:00
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