📊 Yesterday's Key Developments
Historic Alfred Deakin Estate Fails to Sell at Auction
The ancestral home of Australia's second Prime Minister, Alfred Deakin, located in Point Lonsdale on the Bellarine Peninsula, remains unsold after it failed to reach its reserve price at auction. Named Ballara, the expansive 1.69-hectare property had been continuously owned by the Deakin family for over a century. A prior initiative, spearheaded by family members and supported by community and philanthropic efforts, sought government assistance to acquire the historic estate for public preservation. However, these efforts to secure Commonwealth funding to match the $4 million raised did not materialise by a VCAT-imposed deadline, leading to the property being put on the open market.
Source: www.realestate.com.au
Renowned Illustrator Lists Camberwell Home and Studio for Sale
Celebrated international illustrator Michel Canetti is selling his historic Victorian residence in Camberwell, Melbourne, known as 'Chesney.' The artist, recognised for his work with luxury brands like Chanel and Louis Vuitton, is preparing to relocate to Europe after two decades residing in Australia. The circa 1886 property, which functioned as both his home and a private art studio and gallery, is currently on the market with an asking price between $4 million and $4.4 million. Canetti describes the space as one where the architecture and art seamlessly complement each other.
Source: www.realestate.com.au
Childcare Operators Face Financial Headwinds Amidst Scandals and Rising Costs
For-profit childcare providers in Australia are grappling with significant financial challenges following last year's widespread sex abuse scandal, which highlighted concerns about operational standards. The sector leader, G8 Education, has reported a notable decline in enrolments this year, indicating parents are withdrawing their children. Concurrently, these operators are facing substantial increases in regulatory and compliance expenses as authorities demand improved safety protocols. The industry is under scrutiny to demonstrate a clear commitment to child welfare over financial gains. Compounding these issues are heightened market competition and a declining birth rate, collectively intensifying the pressure on these businesses to maintain viability.
Source: www.smh.com.au
Published: Sunday 01 March 2026 | Fresh Articles: 10 | Sections: 3 | RunID: 2026-03-01T08:12:08+11:00
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