📈 Today's Commercial Property & SMSF News
Golfer Cameron Smith Scores $1.75M Profit, Upgrades to $10M Penthouse
Despite a challenging year on the golf course, Cameron Smith's real estate ventures are thriving. He recently sold his New Farm apartment for $6.6 million, realizing a $1.75 million profit from its original purchase price of $4.85 million in early 2023. Smith has since invested $10 million in a penthouse within the same building. The golfer, his wife, and their newborn son have returned to Brisbane, with upcoming appearances scheduled for the Australian PGA, Australian Open, and Saudi International tournaments.
Source: www.news.com.au
$1.5 Billion Inner-City Development Project Names Builder
The $1.5 billion Teneriffe Banks precinct development has appointed Versatile Group as its builder, with construction slated to commence this month and the project's completion expected in 2028. The development, undertaken by Kokoda Property Group, will consist of 212 luxury apartments across four buildings on the 17,612 sqm site. The project is anticipated to generate approximately 2,000 jobs within Queensland's subcontractor and supply sectors. Versatile will collaborate with Cottee Parker architects and interior designers Carr and Studio McCue.
Source: www.news.com.au
Sydney 'Ghost Shop' Set for Auction After Decades of Closure
A long-abandoned ceramics shop in Randwick, Sydney, is being offered for sale, with the price reflecting land value. The shop, known as Santa Maria Tiles, has remained untouched for years. Local agents note the area's decline in commercial activity. The property's exterior bears graffiti, and faded business signs are still visible on the front windows.
Source: www.news.com.au
ASIC Finds Australian Businesses Lagging on Whistleblower Support
A recent ASIC survey reveals that many Australian companies are failing to adequately support whistleblowers. The survey, which included 134 companies, showed that a significant portion lack dedicated whistleblower webpages or hotlines. ASIC Commissioner Alan Kirkland urges companies to use the report's findings as benchmarks for improvement, highlighting the critical role whistleblowers play in uncovering misconduct. The report indicates that one in three businesses do not have a dedicated webpage for whistleblowers, and one in five do not provide a hotline.
Source: www.smh.com.au
Hobart AFL Stadium to be Funded by Government Cutbacks and Increased Revenue
The Tasmanian government plans to reduce borrowings by government-owned businesses by $500 million over the next three years to finance the Macquarie Point stadium in Hobart. Premier Jeremy Rockliff and Treasurer Eric Abetz have also agreed to seek additional revenue streams before the May budget. This move has been interpreted as a likely increase in state taxes and charges. While the government acknowledges the stadium's economic benefits are hard to quantify, they assert that it will generate income to offset operational expenses, although the exact amount hasn't been modelled.
Source: www.abc.net.au
Report Reveals Many Renters Forego Heating and Cooling Due to High Costs
A recent survey by Energy Consumers Australia indicates that approximately 70% of renters are avoiding using heating and cooling systems in their homes to save money on energy bills. The survey, which included around 4,000 households, highlights the growing issue of rental affordability in regional Australia and the lack of improvement in major cities. Many renters are resorting to makeshift solutions to manage temperatures due to the high cost of running heating and cooling appliances.
Source: www.abc.net.au
📊 Yesterday's Key Developments
Sales Surge in 60 Australian Suburbs Amid Rising Property Market
Several Australian suburbs have experienced a significant increase in property sales due to rising property values, prompting homeowners to capitalize on the market. PropTrack data indicates that sales in some areas have tripled compared to the previous year. Darwin, in the Northern Territory, has seen substantial investor interest, leading to a surge in investor lending and a subsequent rise in median home prices by approximately 14%.
Source: www.realestate.com.au
South West Sydney Emerges as Growth Corridor Attracting First Home Buyers
Due to unaffordable prices in established Sydney suburbs, first home buyers and young families are increasingly looking towards South West Sydney. This growth corridor benefits from new infrastructure, transport links, and employment hubs. Projects like the Western Sydney International Airport, the M12 Motorway, and the South West Rail Link Extension contribute to the area's appeal and growth.
Source: www.realestate.com.au
Sydney Apartment Buildings Embrace Resort-Style Living with Luxurious Pools
Sydney apartment buildings are incorporating swimming pools as a sought-after amenity, providing residents with a resort-style living experience in the city. These pools, often featuring stunning views and sleek designs, offer a tranquil retreat. Developments like The Walden in North Sydney are including infinity pools with views of iconic landmarks.
Source: www.realestate.com.au
Smaller Yards Become the Norm in New Australian Housing Developments
As Australia addresses the housing crisis, new developments are featuring smaller backyards to maximize the number of homes. While this increases housing volume, it reduces outdoor space. A Sydney resident discovered a metal arrow in his yard, highlighting the challenges of reduced space.
Source: www.realestate.com.au
Aureka Discovers High-Grade Gold at Victorian Gold Project
Aureka Limited has announced new high-grade gold assays from its Irvine gold project in Victoria. Drilling confirmed visible gold 70 meters below previous intercepts, with samples running up to 85.8 grams per tonne. These results are expected to increase the project's existing resource of 304,000 ounces.
Source: www.smh.com.au
Dateline's US Gold Project Shows Promise with High-Grade Intercepts
Dateline Resources has reported promising gold intercepts at its Colosseum project in California. Drilling beneath the North pit revealed wide zones of gold mineralisation, including a 64-meter section grading 1.24 grams per tonne. These results suggest a potential upgrade in the project's resource estimate.
Source: www.smh.com.au
Olympio Boosts Canadian Gold Exploration After Asset Sale
Olympio Metals has recommenced fieldwork at its Bousquet gold project in Quebec, Canada. The company is undertaking soil sampling and reviewing historical drill core. The exploration program aims to assess the potential of a 1.5-kilometre strike adjacent to the existing Paquin-Amadee mineralised trend.
Source: www.smh.com.au
Aureka Finds High-Grade Gold at Victorian Project
Aureka Limited announced high-grade gold assays from its Irvine gold project in Victoria. Drilling confirmed visible gold, with grades up to 85.8 grams per tonne. The company believes the results will increase the project's existing resource estimate.
Source: www.theage.com.au
Data Centres and Housing Fuel Australian Economic Growth
The Australian economy expanded by 0.4% in the September quarter, resulting in an annual growth rate of 2.1%. Private investment and household consumption were key drivers, while inventory changes had a negative impact. GDP per capita remained stable due to population growth matching economic growth.
Source: www.abc.net.au
Kardinya Park Shopping Centre's $380M Redevelopment Story Unveiled
The developer behind the Kardinya Park Shopping Centre's $380 million redevelopment has shared insights into the project's origins and future phases. The article delves into the background of the extensive redevelopment, highlighting key aspects of its planning and execution.
Source: www.businessnews.com.au
WA Auditor General Criticizes Government Over $1 Billion in 'Unclear' Payments and Cyber Vulnerabilities
The Western Australian Auditor General has issued a critical report on the state government's financial governance and cybersecurity preparedness. The report raises concerns about $1 billion in unclear payments and warns of increased risks of cyberattacks and fraud due to governance and cyber resilience weaknesses.
Source: www.businessnews.com.au
WA Housing Sales Surge Amidst Supply Crisis
According to the Urban Development Institute of Australia (UDIA WA), Western Australia experienced a significant surge in new lot sales during the September 2025 quarter, with 3,683 sales representing a 51.5% increase from the previous quarter and a 58% increase compared to the same period last year. This increase occurs amidst an all-time low in housing supply. UDIA WA aims to advocate, educate and connect organisations across the urban development industry.
Source: www.businessnews.com.au
Summit Homes Delivers Seven Townhouses in Eight Months Using Modern Construction Methods
Summit Homes Group has completed a 'build to rent' project consisting of seven double-story townhouses in Hilbert, WA, in just eight months. This was achieved through modern construction methods, including fully framed construction fabricated at Summit’s steel manufacturing facility. The project, in partnership with Stockland, demonstrates the potential of innovative planning, efficient design, and modern construction to address housing targets.
Source: www.businessnews.com.au
APRA Confirms Stability of Australian Financial System Amid Global Uncertainty
In a statement to the Senate Economics Legislation Committee, APRA asserted the ongoing strength and stability of Australia's financial system. This stability is attributed to years of prudential policy and supervision of banks, superannuation trustees, and insurers. Despite this, APRA emphasized the importance of vigilance in the face of global uncertainty and continues to monitor trends and emerging risks, both domestically and internationally.
Source: www.apra.gov.au
Published: Thursday 04 December 2025 | Fresh Articles: 31 | Sections: 20 | RunID: 2025-12-04T08:11:49+11:00
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