📊 Yesterday's Key Developments
Brisbane Faces Critical Apartment Shortage as New Supply Risks Mount
A recent report from the Property Council of Australia reveals a significant shortfall in Brisbane's housing supply, with the city struggling to meet its development targets. The analysis indicates that over a third of prospective apartment projects are in jeopardy, primarily due to soaring construction costs, which can reach approximately $1.7 million per new unit. Simultaneously, the existing apartment market in inner Brisbane is experiencing an acute shortage, with current inventory levels suggesting only about one month's supply remains. This marks the most constrained market conditions seen in over a decade, highlighting a deepening crisis in the city's residential sector.
Source: www.realestate.com.au
Australian Luxury Retailer Cettire Faces Auditor Scrutiny Over Financial Health
Australian online luxury fashion platform, Cettire, recently faced questions from investors regarding its financial stability. The company's auditors had previously flagged concerns about Cettire's capacity to cover its liabilities in the coming year, suggesting potential survival issues. Despite these warnings, Cettire's leadership, during their latest earnings briefing, reassured stakeholders that their financial reports were deemed "unqualified" by the auditors, indicating adherence to accounting principles. The chief financial officer specifically highlighted this audit finding to underscore the company's compliant financial reporting amidst the solvency discussions.
Source: www.theage.com.au
Published: Sunday 08 March 2026 | Fresh Articles: 7 | Sections: 2 | RunID: 2026-03-08T08:12:02+11:00
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