Sydney-based Fair Workplace Solutions (FWS) offers specialist employment law services tailored for Australian businesses. For property professionals, navigating complex Fair Work Act regulations for staff, contractors, and tenant disputes is crucial. FWS provides direct access to experienced employment lawyers, bypassing intermediaries for faster, more cost-effective advice. Their expertise covers drafting contracts, policies, and representation in Fair Work or other claims. Based in Bella Vista, they serve businesses across Australia, emphasizing proactive advice to navigate the evolving employment law landscape and foster positive workplace cultures. This direct access model benefits HR and Employment Relations professionals in the property sector seeking compliant and efficient workplace management. For further info, visit fairworkplacesolutions.com.au.
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2025 Federal Election: What it Means for Property
Generate a concise and informative excerpt (around 250 words) for the following article (Anthony Albanese has announced Australians will head to the polls on 3 May, kicking off a five-week campaign against Peter Dutton for the nation's top job.
With the cost of living crisis at the front of the minds of many Australians and the effects of the Reserve Bank's first interest rate cut in years yet to be fully felt, both major parties are entering the election campaign promoting policies they argue will alleviate financial strain without exacerbating inflation.
In the lead-up to the vote, here are all your questions answered.
When is the federal election?
Prime Minister Anthony Albanese has officially announced the date Australians will head to the polls as 3 May."Over the last few years, the world has thrown a lot at Australia," he said in a press conference outside Parliament House on Friday, 28 March."In uncertain times, we cannot decide the challenges that we face, but we can determine how we respond."Now on 3 May, you choose the way forward."
Parliament was dissolved on the same day and the government is now in caretaker mode.
How an election is called and what happens afterwards
Every three years, the Australian prime minister will call a federal election.Because there are no fixed terms or election dates, predicting when an election will be can turn into a guessing game.That means, generally, the prime minister will call an election at a time that's politically advantageous for them.
Elections are held on Saturdays, and candidates need to be given at least 33 days' notice of the poll, which this time will be held on 3 May.
How is a federal election called?
When the prime minister decides to call an election, a few steps need to happen.First, the prime minister needs to tell the representative of the King, the governor-general, that they wish to call an election.Then, the governor-general terminates the sitting parliament and dissolves the House of Representatives.Afterwards, the governor-general instructs the independent electoral body, the Australian Electoral Commission (AEC), to conduct an election, which includes setting dates for nominations, electoral rolls, and, of course, election day.
Then, the writs are issued.
Voting is compulsory in Australia, and to cast your vote, you must be registered on the electoral roll. Source: AAP
What are the key election dates?
The federal election will take place on 3 May, with polling booths open from 8am to 6pm. Voting locations are typically set up at local schools, church halls, or community centres.Voting is mandatory for all Australian citizens aged 18 and over.
Writs will be issued within 10 days of the parliament's dissolution, which took place on 28 March. Enrolment closes seven days after the writs are issued.
How can I enrol to vote?
To enrol to vote, you need to be 18 or older. If you've moved since 2022, remember to update your address as well.You can easily check your enrolment status and update your details online .Alternatively, you can enrol in person at your local AEC office or submit an . The AEC website also provides that may make enrolling more challenging.
How do I know if I'm registered to vote?
Voting is compulsory in Australia. To vote, you must be registered on the electoral roll. . If you're not enrolled, there's still time to do so.
The electoral roll will close seven days after the issue of writs, which must happen within 10 days of the parliament's dissolution.
Which electorate am I in?
To find out your electorate, simply enter your address on the .
When and where should I be voting?
Typically, a majority of Australians will head to a local polling place on election day (3 May) to cast their votes.However, this is not a requirement, as if you're unable to vote on election day itself, you're welcome to vote in person in the two weeks leading up to the election or via a postal vote.In fact, in the last federal election in 2022, half of the voters decided to cast their ballots like this,
You can find your local polling place on the AEC website.
How can I vote if I'm away on election day?
If you are not able to head to a polling place in your electorate — for example, if you are travelling or working — on 3 May, you still need to vote. Early voting centres will open across the country progressively from Tuesday, 22 April. Locations and addresses will become available closer to the early voting period. You may also be eligible to apply for a postal vote, which means your ballot papers will be sent to you in the mail. You can apply for a postal vote now .
There are a number of options for early voting ahead of the federal election. Source: AAP / Bianca De Marchi
If you are not going to be in Australia in the lead-up to the election, you may be able to vote in overseas voting centres, which are usually in Australian embassies, high commissions and consulates. You can find out more about overseas voting centres
The AEC also offers mobile voting in some locations to cater for people who cannot attend an in-person polling place. This can include people in residential aged care, hospitals, mental health facilities, prisons, homelessness services, and First Nations communities. Mobile voting schedules for the 2025 federal election have not yet been finalised.
What to know about Anthony Albanese, prime minister and Labor leader
As Prime Minister Anthony Albanese makes his case for a second term in office, here's everything you need to know about his life and political career.
Five quick facts about Anthony Albanese
1. He became prime minister in May 2022, as Australia started to emerge from the COVID-19 pandemic, ending almost a decade of Coalition government.2. Before securing the top job, he had been in parliament for over a quarter of a century, mostly as a member for the inner-western Sydney seat of Grayndler.3. Known widely as "Albo", the 61-year-old father-of-one has traditionally aligned himself with Labor's left; however, as prime minister, he has adopted more centrist positions, analysts say.4. He joined the Labor Party at age 16 and says his working-class roots have shaped his political values.
5. When taking office, Albanese said his government's areas of focus would be the cost of living, bolstering Indigenous rights, and tougher climate action.
Prime Minister Anthony Albanese has said Australians will go to the polls on 3 May. Source: AAP / Mick Tsikas
What have been some of Anthony Albanese's most challenging moments as PM?
Since taking office, Albanese has had to navigate a complex mix of domestic and international issues — including a cost of living crisis, a worldwide inflation surge, and the wars in Ukraine and Gaza.Early in his term, one of his most defining policies was to hold a referendum on whether or not to in Australia's constitution.After a divisive campaign, . The result devastated many Indigenous Australians, and hurt Albanese politically, some analysts argue.
Legislative setbacks, rising interest rates and living costs, as well as concerns over housing affordability, have impacted Albanese's government, while Labor says it has given cost of living relief through tax cuts, energy bill relief and an increase to paid parental leave.
What to know about Peter Dutton, the leader of the Opposition vying to be PM
Peter Dutton is seeking to defy almost 100 years of political history by defeating Prime Minister Anthony Albanese and unseating his first-term government. Here's a rundown of his life and career.
Peter Dutton became the Liberal leader in 2022.
Five quick facts about Peter Dutton
1. He has served as the leader of the Liberal Party since 2022 after it suffered its worst electoral loss since its formation in 1948.2. He has represented the Queensland seat of Dickson in the Australian House of Representatives since 2001.3. The 54-year-old has held several significant positions in successive Coalition governments, including stints as the Minister for Home Affairs, Health and Defence.4. A married father of three, Dutton was a police officer and businessman before entering politics.
5. He is known for his conservative views on issues such as national security, immigration, and law and order.
What did Peter Dutton do before he entered politics?
Before his time in Canberra, Dutton was a small business owner who also had a long career in law enforcement.
In 1988, he joined the Queensland Police Force (now Service) where he worked as an officer for several years before becoming a detective. He later studied at the Australian Federal Police College, and held positions in the National Crime Authority and Drug and Sex Offenders' Squads. He often credits his background in policing as playing a critical role in shaping his views on issues such as security and immigration.
What to know about Adam Bandt, the leader of the Australian Greens
Adam Bandt has framed the upcoming election as a choice between progressive policies that make people's lives better, or a US-style shift to the right.
Adam Bandt has been leader of the Australian Greens since 2020. Source: SBS News
Five quick facts about Adam Bandt
1. Bandt has been the leader of the Australian Greens since 2020 and a member of parliament since 2010.2. He was the first Greens candidate to win a seat in a general election for the House of Representatives.3. The 52-year-old has framed the upcoming election as an opportunity for the Greens to win "new seats across the country" and potentially play a pivotal role in a minority government.4. During his time at university, he was a member of the Left Alliance, a national organisation of socialist, feminist, and progressive students.
5. Under his leadership, the Greens have come up with what they refer to as a series of "Robin Hood-style" policies to take to the election, which would tax the super-rich to free up money for the cost of living issues.
What did Adam Bandt do before he entered politics?
Bandt was born in Adelaide but spent most of his childhood in Perth. After working with a string of student unions both before and after earning his degree in Law and Arts at Murdoch University, .
He eventually became a partner at the firm Slater & Gordon, where he specialised in industrial law and represented several unions. After going part-time in 2008, he completed a PhD at Monash University.
What to know about David Littleproud, leader of the National Party
If Peter Dutton becomes Australia's next prime minister, David Littleproud would be in the running to become his deputy. Here's a basic rundown of the National Party leader's life and career.
David Littleproud was elected to lead the National Party in May 2022.
Five quick facts about David Littleproud
1. He was elected to lead the National Party in May 2022, after Labor's win, succeeding Barnaby Joyce.2. He has represented the Queensland seat of Maranoa in the House of Representatives since 2016.3. Throughout his career, Littleproud has been an advocate for regional Australian communities, often stressing the importance of agriculture, and calling for more infrastructure development.4. A father of three, Littleproud worked as a farm manager and businessman before he became an elected official.
5. He was born and raised in the rural town of Chinchilla, in Queensland's Western Downs Region.
What did David Littleproud do before he entered politics?
Before entering office in 2016, Littleproud worked as an agribusiness banker with the National Australia Bank (NAB) and Suncorp, where he focused on rural and agricultural finance.
He lived and worked in several rural towns, including Miles, Nanango, Charleville, St George, Stanthorpe and Warwick.
What are Labor's key policies?
Labor has pledged tax cuts if they win the election, with the average earner getting $268 back in their pocket by 2026, according to the treasurer.Earnings between $18,201 and $45,000 are currently taxed at 16 per cent, and this will fall to 15 per cent in 2026-27 and 14 per cent in 2027-28, Labor said.The party has also pledged to increase access to childcare and a $1 billion fund for 160 new childcare centres.
Labor also said they would spend $8.5 billion on increasing bulk-billing rates at GPs, and an extension of the energy rebate until the end of 2025 which will save households $150.
The Coalition has agreed to both of these policies.
What are the Coalition's key policies?
The Coalition said there would be no promise of income tax cuts, but that fuel excise would be cut in half from July. This would mean savings of 25 cents per litre, Opposition leader Peter Dutton said.People would be allowed to use more of their superannuation towards a house deposit, and the Coalition said it would invest $5 billion into essential infrastructure to "unlock up to 500,000 new homes".The party would restore the number of mental health sessions subsidised by Medicare from 10 to 20.
It said it would allow businesses with a turnover of less than $10 million a year to claim a tax deduction of up to $20,000 for business-related meal and entertainment expenses and increase the instant asset write-off for small and medium businesses from $20,000 to $30,000.
). Highlight the key points and make it relevant to Australian property professionals. IMPORTANT: Your response must begin *directly* with the first word of the excerpt. Do *not* include any introductory phrases, greetings, or repeat any part of these instructions (e.g., "Generate a concise..."). Output ONLY the excerpt text.
Red Bull’s Pit Stop Strategy: A Lesson in Bigger-Picture Thinking for Property Pros
Red Bull's ruthless axing of Liam Lawson after just two races highlights the team's internal dysfunction rather than the driver's ability, posing a critical observation for Australian property professionals. Like a temperamental property market, the unpredictable Red Bull car, coupled with the pressure of being Max Verstappen's teammate, creates a high-stakes environment. Yuki Tsunoda, Lawson's replacement, faces the same "curse" that has seen a revolving door of drivers since 2019. Red Bull's junior team system, designed as a talent pipeline, seems to be failing, mirroring a poorly planned development project. This article showcases the importance of stable structures, consistent strategy, and nurturing talent, vital lessons applicable to any high-pressure profession, including Australian property. Red Bull's current struggles demonstrate how internal instability can undermine even the most successful ventures.
Election Date Set, E-bike Safety Concerns Rise, Bunnings Faces Setback
Former senior constable Kristian White faces sentencing in the NSW Supreme Court for the manslaughter of 95-year-old Clare Nowland, a resident of Yallambee Lodge aged-care home. White tasered Mrs. Nowland, causing her to fall and fatally strike her head. This case highlights the potential legal ramifications for individuals, including those in professions like security or aged care, who interact with vulnerable populations. The rarity of police prosecutions and convictions for on-duty deaths underscores the high threshold for criminal liability. Prosecutors are seeking jail time, arguing against the defense's claim of an error in judgment. The outcome of this case will set a precedent for accountability in situations involving the use of force, particularly within aged-care facilities, and has implications for training and operational procedures relevant to Australian property professionals managing such properties. The case emphasizes the importance of understanding legal boundaries and responsibilities when dealing with residents, especially in situations requiring intervention or restraint.
Property Pulse: Budget Buzz, Perth Heat & Election Watch for Building Pros
Property Pulse: Budget Buzz, Perth Heat & Election Watch for Australian Building Pros
The Federal Budget's indirect impacts on the construction industry are under scrutiny. Tax cuts aimed at easing cost-of-living may stimulate housing demand, whereas proposed rollbacks of these and fuel excise cuts by the Opposition could increase material costs and create project costing uncertainty. Australian property professionals should pay close attention to infrastructure spending commitments, vital for job creation.
Perth's recent heatwave highlights the necessity of climate-resilient building design. Prioritising worker safety, incorporating passive design, and selecting materials to mitigate the urban heat island effect are becoming increasingly vital, especially with rising energy costs.
The upcoming Federal election introduces market uncertainty. Potential changes to the First Home Owner Grant, environmental regulations, and infrastructure investment could significantly impact the building sector. Builders, developers, and investors should analyse party policies on housing, climate change, and infrastructure to understand potential impacts on future projects.
Finally, recent farmer protests related to live sheep export are a reminder of potential supply chain vulnerabilities. Geopolitical factors and policy changes can disrupt the flow of construction materials. Diversifying supply sources and proactive risk management are crucial for Australian construction businesses to maintain project schedules and budgets.
Bauma Bonanza: KHL’s Hall B5 Beckons Aussie Builders
Australian construction and property professionals attending Bauma, the world's leading construction machinery trade fair, should consider visiting KHL Group's stand (Hall B5, booth 401) to gain crucial insights into global construction trends. KHL Group (publisher of International Construction and Construction Europe) offers valuable market intelligence on advancements impacting the Australian construction landscape. Learn about Building Information Modelling (BIM), Artificial Intelligence (AI), robotics, 3D printing, drones, and the Internet of Things (IoT).
KHL's Off-Highway Research provides market research beneficial for equipment procurement. The KHL Content Studio showcases how companies are promoting construction tech. Attendees can also learn about KHL events for international networking. While technology adoption presents opportunities for improved efficiency and sustainability, challenges like investment costs, workforce training, and cybersecurity must be addressed. A visit to KHL provides Australian professionals with the knowledge to strategically leverage global innovations for competitive advantage.
Colorado Builds Aussie-First 3D Printed Homes: Lessons for Down Under?
A US initiative involving Alquist 3D and the State of Colorado to establish a 3D printed housing hub offers valuable insights for the Australian property sector. The $4 million public-private partnership aims to develop skills, materials, and showcase projects for 3D construction.
This model potentially addresses key challenges in Australia, including escalating costs, labour shortages, and housing affordability. 3D printing could reduce reliance on traditional labour and potentially fast-track projects, especially in remote areas. It presents opportunity for more eco-friendly builds with less waste. The article highlights design flexibility to cater to unique community demands.
However, Australian property professionals should be aware of hurdles. Regulatory frameworks need to adapt to 3D printed construction, and the industry must invest in training to facilitate workforce transition. Material limitations specific to Australian conditions and high start-up costs also need consideration. Community acceptance of this new build aesthetic is important.
While not a silver bullet, 3D printing can revolutionize construction efficiency and addresses housing issues. To capitalise on this opportunity, Australia needs collaborative efforts between government, industry, and educational institutions to develop standards, invest in R&D, and provide adoption incentives. The Alquist 3D project serves as a blueprint for Australia to foster innovation and build a more sustainable future by integrating this new tech into the property development landscape.
Oz Property Boom: Smoke and Mirrors or Solid Gold?
Australia's residential housing stock reached a record $11 trillion at the end of 2024, with the average dwelling valued at nearly $980,000, creating a nation of "paper millionaires." This contributes to Australia's high ranking in global wealth surveys, according to recent ABS data, which reveals total household wealth at $16.95 trillion, a 6.6% increase year-on-year. Per capita household net wealth hit a record high of $617,643.
However, this wealth is largely tied up in illiquid assets like property and superannuation, leaving many Australians "cash-poor." Finder's research indicates that the majority of household net worth is "untouchable," invested in these areas.
The author argues that this inflated housing wealth is a mirage, exacerbating affordability issues for younger generations. They propose that Australians would be better off with lower average home values and reduced household debt. The current system, with homes costing significantly more, disadvantages future generations, diverting capital from productive businesses and representing a gross misallocation of resources. For property professionals, this highlights the growing tension between asset value and affordability, posing challenges for sustainable market growth and equitable access to housing.
Battle-axe or Side-by-Side: Choosing Your Dual Occupancy Development Down Under
Dual occupancy development is a growing trend in the Australian property market, offering opportunities for homeowners and investors to maximise land use. For Australian property professionals, understanding the nuances between battle-axe (house-behind-house) and side-by-side configurations is paramount. Battle-axe developments, cost-effective due to retaining the existing dwelling, are ideal for deep blocks and privacy-focused clients, though shared access and perceived lower value can be drawbacks. Side-by-side subdivisions, requiring wider blocks and potentially higher initial investment including demolition, maximise property value through coveted street frontage and broader market appeal, simplifying access and services.
For agents, highlighting battle-axe privacy and affordability versus side-by-side's enhanced value proposition is key. Developers must weigh cost savings and block suitability against market demand for street frontage. Property managers need to consider the implications of shared driveways in battle-axe setups. The strategic choice between the two hinges on aligning client goals – cost sensitivity and privacy versus value maximization – with site characteristics and market conditions. Mastering these distinctions ensures informed decision-making and success in Australia's expanding dual occupancy landscape.
PM’s Old Digs Hit the Market: What it Means for Prestige Property Prices
The Frankston manor, "Bruce Manor," once home to Prime Minister Stanley Bruce, is on the market for $2.7-$2.9 million, offering key insights into Melbourne's prestige property market, particularly in outer suburbs. The 10-bedroom, circa-1926 property, reminiscent of The Lodge in Canberra, boasts meticulously restored historical features and is listed with the National Trust.
Belle Property Mentone highlights its potential as a wedding venue or B&B, subject to council approval, broadening its appeal. For Australian property professionals, this sale provides valuable lessons. For real estate agents, it underscores the need for specialised marketing for heritage and high-end properties. For property managers, any adaptive reuse of the property into a hospitality venue means additional considerations and areas for potential management. While limited by heritage restrictions, developers and investors should observe for any sensitive future development opportunities on the large block of land, dependant upon council regulations.
The sale outcome, via Expressions of Interest closing April 7th, will be a crucial indicator of prestige property market strength amidst fluctuating interest rates and economic uncertainties. The property's unique appeal will be a major factor in its success, serving as a microcosm of the broader market trends.
Queensland Election Battle: Greens Seats Face Major Party Challenge in Brisbane
The upcoming federal election in Australia is poised to significantly impact Queensland's property market, particularly in Brisbane. The seat of Brisbane, currently held by the Greens' Stephen Bates, is shaping up as a key battleground between Labor, the Liberal National Party (LNP), and the Greens. The LNP, with candidate Trevor Evans aiming to reclaim the seat, launched their campaign in Brisbane, signalling its strategic importance.
Greens leader Adam Bandt acknowledges the intensified competition, anticipating targeted campaigns from both major parties. For Australian property professionals, this heightened political focus on Brisbane could influence investor sentiment and development priorities. Understanding the political landscape and potential policy shifts in key Queensland electorates is crucial for making informed decisions in the evolving property market. The outcome of this election could have cascading effects on investment, infrastructure, and future property values across the city.
Election 2025: Coalition Job Cuts Loom, Record Voter Turnout – What it Means for Property
James Paterson, Coalition campaign spokesperson, stated details of the Coalition's plan to cut 41,000 public sector jobs will be released soon. While acknowledging the significant impact this would have, particularly in Canberra where a large portion of public servants are located, Paterson defended the cuts, citing a lack of value for taxpayers.
The implications for the property sector are potentially significant. A reduction of this scale could impact property demand in regions with a high concentration of public sector employment, such as Canberra. This could affect both residential and commercial property values, vacancy rates, and investment strategies. Property professionals should monitor the details of the Coalition's plan and its potential impact on local markets. Understanding where cuts are targeted and potential replacement by contractors is crucial for informed investment decisions and market analysis. It remains to be seen how the Coalition intends to execute these cuts and how this potentially affects property markets.
Coalition’s Public Sector Cuts: What it Means for Property
For Australian property professionals, the upcoming federal election presents a critical juncture. The Coalition, under Peter Dutton, has pledged to cut 41,000 public sector jobs, a move with potential ramifications for the Canberra property market, given the concentration of public servants in the ACT. While details remain scarce, this proposed reduction raises questions about future office space demand and potential impacts on rental and property values within the capital. Furthermore, the Coalition's gas reservation policy, aimed at lowering energy costs by prioritizing domestic supply, could influence the operating expenses of commercial properties. Property professionals should monitor these policy developments closely, as they could significantly reshape the Australian property landscape.
Property News: Staying Informed in Today’s Market Through The Australian
Property News: Staying Informed in Today’s Market Through The Australian Staying current with the latest market trends and economic developments is crucial for property professionals in Australia. A key element in that process is access to reliable and comprehensive information sources. This article explores aspects of keeping up-to-date in the current Australian market, acknowledging the...
Prefab Housing: A Real Solution for the Aussie Housing Crunch?
Australian property professionals take note: Prefabricated housing offers a potential solution to the nation's housing shortage. While traditional builds face escalating delays and costs, factory-built homes offer significantly faster completion times (10-12 weeks vs. 12+ months) in controlled environments. Financing has been a major hurdle, but Commonwealth Bank's recent partnership with prefabAUS is changing the landscape. New standard-form contracts allow for earlier progress payments, reducing upfront costs for buyers. Overcoming perceived quality concerns and outdated lending practices are crucial for wider adoption. With government backing and industry advancements, prefab construction presents a viable opportunity for property professionals seeking efficient and timely project delivery.
Easter Escapes: Untapped Potential for Regional Airbnb Investors?
Easter Escapes: Untapped Airbnb Potential for Regional Investors?
Recent reports highlighting a surge in demand for remote Airbnb stays across Australia, fueled by Easter tourism and featured in the Herald Sun, signal potential opportunities for Australian property professionals. The trend points beyond holiday periods, reflecting a desire for "digital detox," escape from urban density, and the rise of "work from anywhere" policies.
Popular properties mentioned in the article, located in locations like Elevated Plains (VIC) and Hawker (SA), underscore the demand for unique experiences, eco-friendliness, and access to nature.
For property professionals, this presents investment potential in regional areas with unique attractions. However, managing remote properties presents challenges, including cleaning, maintenance, and patchy GPS services as noted by one regional host. Furthermore, the impact on local communities requires sustainable tourism practices and collaboration with local councils.
Real estate agents focusing on remote property markets may find increased demand, while property managers can differentiate themselves by offering bespoke services such as guided tours. Thorough due diligence is crucial, considering accessibility, infrastructure, regulations, and environmental considerations. Savvy professionals who understand the unique factors of regional markets can capitalize on this growing trend.
Realmark’s Investment-Focused Approach: Insights for Australian Property Managers
Realmark’s Investment-Focused Approach: Insights for Australian Property Managers Realmark, a prominent property management firm in Western Australia (WA), has highlighted a strategic emphasis on understanding the investment motivations behind property transactions. This approach, focusing on cultivating a team capable of deeply understanding investor needs, is intended to yield improved outcomes for clients. Investment Considerations in...
Housing Inflation Cools: What it Means for Aussie Property Pros
Australian property professionals take note: Housing inflation is cooling rapidly, impacting overall inflation and potentially interest rates. February 2025 ABS data reveals rental inflation fell to 5.5%, its lowest since March 2023, down from a peak of 7.8% in August 2023. New dwelling costs also declined for the third time in four months, reflecting builder discounts amid weaker demand. This housing disinflation is strongly correlated with trimmed mean inflation, currently tracking below RBA forecasts. Both CBA and Westpac predict a further RBA rate cut in May, with trimmed mean inflation forecasts for Q1 2025 at 0.6% and 0.5% respectively. This easing inflationary pressure, particularly in housing, suggests a potential shift in the property market landscape.
Liberal Budget: Property Market Implications
Liberal Budget: Property Market Implications The recent Liberal Party budget in reply has outlined various economic proposals, some of which hold significant implications for the Australian property market. The speech highlighted concerns about the cost-of-living crisis and the government’s economic performance over the past three years. Specific issues raised include escalating costs for energy, groceries,...
Arts Hub Seeks Exhibitions Assistant: Potential for Property-Related Creative Partnerships
Newcastle Art Gallery is offering a unique part-time opportunity for a motivated Exhibitions Production Assistant. This newly created, 21-hour per week role supports the gallery's expanding artistic program within its newly renovated facility. Responsibilities include artwork installation (physical and digital), coordinating exhibition logistics, and maintaining displays. Strong communication and problem-solving skills are crucial, along with a keen eye for detail and knowledge of art presentation techniques. This position offers a competitive salary of $40,167.74 p.a. (pro-rata) plus super and generous leave loading, along with a range of employee benefits. Applications close Sunday, 13 April 2025. While this role may not be directly property-related, professionals in the sector, particularly those with an interest in arts and culture, may find this a valuable opportunity to contribute to Newcastle’s vibrant cultural landscape. The gallery's expansion reflects the city's growth and offers a connection to a dynamic community project.
Federal Election: What a May Vote Means for Property
Australian Federal Election Called for May 3rd: Implications for Property Professionals
A federal election has been called for May 3rd, with the incumbent Labor government seeking re-election amidst a tight race against the Liberal-National coalition. Key election issues impacting the property sector include cost-of-living pressures, despite recent tax cuts and an interest rate reduction, and rising US tariffs. The outcome of the election could significantly influence future economic policy, impacting market stability, investment and development. Property professionals should closely monitor the campaign and its potential impact on interest rates, inflation, and international trade, particularly concerning building materials affected by US tariffs. The election's outcome could significantly influence the Australian property market's trajectory in the coming years.
Radley’s Bondi Buy: What NRL Star’s Purchase Means for Local Market
One of the NRL's toughest players, Roosters star Victor Radley, is making savvy moves off the field, hinting at a future beyond football. The 27-year-old recently purchased a two-bedroom Art Deco apartment in North Bondi for $1.26 million, undercutting the suburb's median price for similar properties. Located at 3/38 Ramsgate Ave, the 64 sqm "chic garden retreat" boasts a modern gas kitchen, European appliances, and is just steps from the iconic beach, with neighbors including Hugh Jackman.
Radley wasted no time listing the property for rent at $1100 per week, a significant increase from the previous rental rate. This latest acquisition follows Radley's previous successful property ventures in Bondi, showcasing his eye for investment. He bought his first home in 2018 for $1.2m and sold it in 2021 for $1.97m. He then purchased and renovated a Waverley house. As Radley juggles his NRL career with burgeoning property interests, his Bondi investment signals a strategic play for long-term financial security, relevant for property professionals assessing athlete investments and North Bondi's rental market.
Election 2025: Gas Focus Impacts Future Property Prices?
Dutton frames the upcoming federal election as a critical decision for Australia's economic management. He emphasizes the Coalition's focus on what they perceive as Labor's vulnerabilities: the unsuccessful Voice to Parliament referendum, the cost of living crisis, and rising energy prices. Dutton's campaign will center on providing relief for Australian families and implementing an "achievable plan" to improve the country's trajectory. This focus on economic management and cost of living has significant implications for Australian property professionals. The election outcome could influence interest rates, inflation, and government housing policies, all of which directly impact the property market. Dutton's proposed solutions, including a gas reservation policy to lower energy costs, could affect affordability for both renters and homeowners. The Coalition's pledge to cut public service jobs, although excluding frontline services, could still indirectly affect the property sector in Canberra and potentially other regions, impacting demand and property values. Property professionals should closely monitor the campaign to understand how each party's policies might shape the future of the Australian housing market.
Hardie’s US Expansion: Aussie Investors Unconvinced?
James Hardie shares (ASX: JHX) plummeted after announcing a deal to acquire Azek, a maker of outdoor building products like decking. The deal, a mix of cash and shares, aims to capitalize on cross-selling opportunities; James Hardie, known for its fibre-cement siding, believes over half of homeowners re-siding their homes also renovate outdoor areas. The company projects an extra $500 million in revenue by 2030.
Despite the perceived strategic fit, the market reacted negatively, with shares losing around 25% of their value. Concerns center around the price paid for Azek and the potential for its business to be more cyclical than James Hardie's core siding market – potentially delaying property renovation in a downturn.
Morningstar analyst Esther Holloway believes the market reaction is overdone, seeing potential for expanding Azek's products into new European and Asia-Pacific markets where James Hardie has a presence and identifying cost-saving synergies. She reiterates her long-term Fair Value estimate for James Hardie shares, suggesting the sell-off presents a buying opportunity. Of particular interest to Australian property professionals should be the fact that James Hardie holds a 90% market share within the US for their fibre-cement products.
Battle-Axe Blocks: Expert Guide to Subdivision Success
Excerpt: Battle-Axe Subdivisions: Untapped Potential for Australian Property Professionals
Australian property professionals navigating densification demands in established suburbs should take note of battle-axe subdivisions. This informative guide delves into the mechanics of this increasingly popular strategy, also known as rear strata or panhandle subdivisions, highlighting its potential to unlock value for homeowners and create diverse opportunities for industry experts. The article clarifies the crucial distinction between Freehold (Green Title) and Strata titles within this context, outlining the ownership implications, market perceptions, and regulatory nuances relevant to each.
For developers and investors, battle-axe subdivisions offer enhanced land value, rental potential, and the ability to cater to multi-generational living trends. Real estate agents can market more affordable entry points into desirable suburbs via rear lots, while valuers need to understand the specific valuation considerations. Property managers will find insights into managing strata titled battle-axe properties and addressing unique access and amenity aspects.
However, the guide also underscores key challenges: navigating council zoning and R-Codes, managing infrastructure costs, ensuring compliant access, and mitigating potential disputes in strata schemes. By equipping themselves with this knowledge, Australian property professionals can effectively leverage battle-axe subdivisions, contributing to innovative urban infill solutions and a more diverse housing market. For a comprehensive understanding, read the full guide.
Brisbane 2032 Plan: Investment Implications for Property
Brisbane 2032 Plan: Investment Implications for Property The Queensland Government has released the “Delivering 2032 and Beyond Plan,” outlining its vision for the Brisbane 2032 Olympic and Paralympic Games infrastructure and venues. Building on the Games Independent Infrastructure and Coordination Authority’s (GIICA) review, the plan details key infrastructure projects and their projected impacts. Key Infrastructure...
Immersive Tech Set to Revolutionise Aussie Home Buying for Agents
Australian property professionals are facing a tech revolution as immersive technologies reshape the home buying process, particularly in the off-the-plan sector. Platforms like IMMERSIV are leading the charge, offering virtual tours, interactive design options, and dynamic time-of-day simulations that allow buyers to experience properties before they are built. This early engagement builds confidence and reduces uncertainty, crucial in a competitive market.
A case study at Ingenia Lifestyle Archer’s Run in NSW demonstrates how virtual display villages enhance the buyer experience with 360-degree walkthroughs of homes and amenities. The reported benefits include a significant (148%) increase in sales and higher engagement compared to standard listings.
IMMERSIV also provides agents and developers with data analytics, helping them track inventory, qualify leads, and gain insights into buyer behavior. This data can inform more targeted and adaptive marketing strategies. While acknowledging potential limitations and the importance of physical inspections, the article suggests that integrating immersive tech offers Australian property professionals a powerful way to showcase properties, attract buyers, and ultimately drive sales. However, professionals should note that the cost of the technology may be prohibitive for some. These innovations are poised to become increasingly important in the Australian real estate landscape.
Election 2025: Dutton’s Gas Plan Sparks Property Sector Debate as NT Sacred Site Laws Shift
Peter Dutton is framing the upcoming federal election as a referendum on economic management, targeting Labor's perceived weaknesses on cost of living and energy prices. His campaign promises "relief now" for Australian families, highlighting an "achievable plan" to improve the economy.
Nationals leader David Littleproud is emphasizing the impact of the energy transition on regional Australia, advocating for increased gas supply and a nuclear energy plan, citing the link between energy prices and cost of living pressures, particularly for groceries. The Coalition argues their proposals will reduce energy prices, although Dutton avoids specifying by how much.
Independent Senator David Pocock supports Dutton's gas reservation policy, aiming to prioritize domestic gas supply and lower prices, while diverging on new gas projects. Pocock criticizes the Coalition's plan to cut 41,000 public service jobs.
Anglicare Australia warns that repealing the Housing Australia Future Fund will worsen the existing social housing shortfall, leaving "tens of thousands in limbo" amidst rental stress. The Coalition is also proposing a cut to fuel excise.
Finally, the Federal Court is considering guidelines on the use of AI, particularly after AI hallucinations in legal documents.
Superannuation & Wealth: Impact on Australian Property Investment
You are a senior property market analyst for the Australian Property Network. Your task is to rewrite the following news article (in Australian English) for an audience of Australian property professionals. The rewritten article should: * Be a thorough revision of the original, maintaining all key factual information. * Incorporate additional context and background information...
Oz Property: Cracking the Macro Code for Savvy Investors
Australian property professionals need to be aware of global macro trends impacting the local market. Looming US tariff implementations create global trade uncertainty that could dampen Australian exports and business sentiment, affecting commercial property and residential buyer confidence. The Aussie dollar's valuation, currently around 63 cents against the USD, is influenced by RBA policy and commodity prices. A stronger AUD reduces foreign investment appeal, while a weaker one boosts it but increases building material costs.
Rising US Treasury yields are pushing global interest rates upwards, impacting Australian borrowing costs and potentially cooling the residential market. Gold's sustained high price suggests economic uncertainty, potentially diverting capital from property. Rising oil prices contribute to inflation, possibly triggering further RBA interest rate hikes. Recent underperformance of the ASX200, coupled with global insecurity, might make some investors hesitate regarding investments in real estate.
Given these volatile global conditions, property professionals, particularly agents, mortgage brokers, and investors, should closely monitor economic developments and adjust strategies accordingly. Commercial leasing agents should assess tenant vulnerability to international trade fluctuations. Mortgage brokers need to prepare for increased loan scrutiny, and everyone working with property should recognise sales cycles may be lengthening. Staying informed and proactive is crucial for navigating the changing landscape (Source: MacroBusiness).
Property Pulse: Oz Macro Insights for Savvy Investors
Australian property professionals should closely monitor global market movements, as explored in this report, despite potentially buffered local conditions. Overnight trading showed mixed results amid trade war concerns, with the ASX200 closing down 0.3% remaining below 8,000 points, potentially dampening investor confidence. A continued decline could impact property demand.
Currency fluctuations also necessitate attention. The Australian dollar, struggling to break above 63 US cents, remains above its 200-day moving average, which could represent short term support. A weaker AUD might attract overseas investment, yet it could also cause volatility for investors.
Commodity prices, particularly rising oil (Brent crude exceeding $73 USD/barrel) and record-high gold (above $3050 USD/ounce), portend potential inflationary pressures. This could increase borrowing rates and construction costs, directly impacting developers. Meanwhile, strong gold prices may signal wider market anxieties. Real estate agents must navigate fluctuating market confidence, developers should prepare for increased supply costs, and investors might consider diversification strategies to mitigate risk.
Building Regulations Update: Tranche 2 Impacts on Development
Building Regulations Update: Tranche 2 Impacts on Development The Queensland government has released Tranche 2 of its building legislative reforms, aiming to streamline processes, reduce administrative burdens, and modernise the state’s construction industry. These changes are aimed at facilitating the building industry while addressing issues of compliance and financial obligations. Key Changes in Tranche 2...
SA Resources Boom Fuels Property Market Growth
South Australia's resources sector is booming, offering significant opportunities for property professionals. A new report by SACOME reveals a 61% surge in economic contribution over five years, injecting $9.5 billion into the state economy in 2023-24. This equates to 6.4% of SA's Gross State Product, with the sector creating one in every 15 dollars. Direct employment has skyrocketed by 86% to almost 12,000 full-time roles, supporting one in 23 jobs statewide. Average salaries in the sector reach $140,780, significantly higher than the state average, driving increased demand for housing and related services. With $4.8 billion spent on local goods and services, the flow-on effects for businesses and property markets are substantial, making SA's resources sector a key area to watch for property professionals.
Australian Federal Election 2025: Property Market Impact and Policy Analysis
Federal Election 2025: Implications for the Australian Property Sector The May 3rd federal election has officially commenced, with Prime Minister Anthony Albanese and Opposition Leader Peter Dutton vying for Australia’s leadership. The campaign, focused heavily on cost-of-living and energy policies, is expected to have considerable implications for the property market. This analysis examines the key...
Australian Election 2025: Economic Policies and Property Market Impact
Generate a concise and informative excerpt (around 250 words) for the following article (
Bandt says ‘minority government is coming’
Greens leader Adam Bandt is at parliament offering up the Greens’ pitch to voters.
Minority government is coming. And with the major parties offering about as attractive as a dead fish, you can see why. Labor wants to give you 73 cents a day in a year. The Liberals are offering about the same to some people but only for the a year, and the Greens want to save you thousands of dollars a year every year by getting dental into Medicare, making it free to see the GP, capping rent increases and wiping student debt.
He says the Greens will get major corporations to pay for their promises through increased tax.
(These are all policies the Greens have been pushing the government for, for a while.)
Bandt believes this election is an “incredible opportunity” for a minority government.
Adam Bandt: the major parties’ offering is ‘about as attractive as a dead fish’. Photograph: Mick Tsikas/AAPShare
Updated at 23.25 GMT
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Energy will be cheaper under Coalition – Dutton
The battle over tax cuts v fuel excise cut is heating up.
Dutton again argues the help the Coalition is offering is more targeted and will provide immediate relief.
The prime minister’s offering 70 cents a day by way of a tax cut in 15 months’ time. I think the prime minister’s completely out of touch with the pressure that Australians are under at the moment… we want to help now [providing] pensioners and families and small businesses right across the economy with a 25 cent reduction in fuel excise.
On the Coalition’s energy measures, Dutton won’t specify how much electricity prices will go down, or how quickly.
It’s something Labor’s been burned by – at the last election offering a $275 drop in household energy bills, which hasn’t happened.
Dutton says more generally:
Under us and our plan, Australians will pay less for energy.
Updated at 00.37 GMT
Dutton brushes off energy criticism
We’re on to questions, and Dutton is asked why he barely mentioned the $300bn-plus nuclear energy plan in his budget reply speech last night.
Dutton says he spoke extensively about the energy plan:
It’s important to point out that our plan has gas, and a lot of gas, in the system between now and when nuclear can come online in 2035-37.
Another reporter mentions comments from energy producers who have dismissed the reservation plan, claiming it will lead to an oversupply on the east coast.
Dutton says “that’s good”.
That’s good and it will bring down prices and that’s exactly what we want to do. I’m not here to argue for the gas companies, I’m here to argue for Australian consumers.
(I’ll direct you back to comments from Tim Buckley, an energy expert who told ABC RN Breakfast this morning: “The idea that we’re just going to somehow have the gas industry find a whole lot of new gas production to ramp up – there are no new gas fields imminent.”)
Updated at 00.34 GMT
Dutton says Australia ‘can’t afford three more years like the last three’
Dutton has again foreshadowed an increase to spending for the defence force, as he lists the policies – new and old – that the Coalition is taking to the election.
He says the Coalition will reduce the migration intake and cut the fuel excise in half and promises to improve healthcare and reverse cuts to mental health services.
Mr Albanese is too weak and Labor is too incompetent to fix the problems that they’ve created and that are facing our country today. We can’t afford three more years like the last three.
Updated at 00.35 GMT
Dutton says election is ‘a choice about who can better manage our economy’
Peter Dutton is now responding to the election call, out of Brisbane.
He says the election is “a choice about who can better manage our economy”.
He’s focused on what the Coalition believes are Labor’s weakest points – the failed referendum for the Voice to parliament, the cost of living crisis, and energy prices.
Dutton puts forward his campaign slogans (that we’ll be hearing a lot of over the next five and a bit weeks).
Australian families need relief now. And we must do better and there is a better way. And the Coalition has an achievable plan to get our country back on track.
Updated at 00.28 GMT
Kate Lyons
Continuing from our last post…
Under the new laws, anyone who solicits, buys or sells a claim faces a fine of up to $55,000. Lawyers will also be prohibited from charging or retaining fees associated with a claimed farm.
NSW attorney general Michael Daley said:
The NSW government has legislated to put a stop to the insidious practice of claim farming that exploits the trauma of vulnerable people. The predatory practices can worsen the trauma and distress experienced by victim-survivors.
No one should be harassed or intimidated into making a civil compensation claim which may not be in their best interests.
‘Insidious practice’: NSW attorney general Michael Daley. Photograph: Flavio Brancaleone/AAPShare
Updated at 00.23 GMT
Kate Lyons
NSW bans ‘claim farming’ in bid to protect the vulnerable
The New South Wales government has passed legislation banning “claim farming”, which it describes as a “predatory practice … that exploits the trauma of vulnerable people”, in a bid to protect vulnerable people from being pressured to lodge civil compensation claims.
The Claim Farming Practices Prohibition Bill 2025 passed parliament last night. The bill makes it illegal for third parties to sell on the details of potential clients to law firms, who then make a claim for compensation on the victim’s behalf.
The legislation makes NSW the third state to ban claim farming, after South Australia and Queensland introduced similar legislation in recent years.
It comes after a series of high-profile arrests last month, which saw NSW police arrest nine people (and QLD police arrest a further man) over an alleged fraudulent claim farming ring worth millions of dollars. Police allege the group was involved in making and inciting others to make, fraudulent claims of historical sexual abuse about the NSW department of education and department of communities and justice, as well as to the National Redress Scheme.
Claim farmers often target child abuse victim-survivors through cold calling.
Victim-survivors have reported emotional distress at having their childhood abuse - that they might not have disclosed to anyone - brought up to them by a cold caller wanting to see if they would like to make a compensation claim. This person’s details are then sold to a legal practice or another claim farmer.
Other concerns about the practice are that it increases the likelihood of fraudulent compensation claims being made - because claim farmers receive a referral fee for each person they pass on to a law firm - that the existence of claim farming makes decision-makers about compensation skeptical of real claimants, and that victims who go through claim farmers end up paying more in legal fees, as a result of the claim farmer’s involvement.
Updated at 00.21 GMT
Gas will always cost less under Labor – senator
We’ve been hearing a lot of “X will always be cheaper/better under Liberal/Labor” over the past few days, and now Labor assistant minister Tim Ayres has told Sky News energy will always be cheaper under Labor.
Host Laura Jayes says point blank “that is a lie”.
But Ayres argues the transition to renewables will still be cheaper than the Coalition’s nuclear plan (this is obviously disputed by the Coalition, which says their plan – based on independent modelling they commissioned – will be cheaper).
Ayres says gas is the most expensive form of electricity, and while it’s essential in the electricity system, there shouldn’t be more of it in the system (as the Coalition is suggesting)
Gas is an expensive form of electricity… it is utterly appropriate for peaking capacity, like you need it in the system just the right amount to make sure that when renewables generation capability isn’t there, we’ve got something to keep the system moving along. Storage, utterly important too.
I just say Peter Dutton’s gas measures – the devil is in the detail, [and] there is no detail. Gas industry is already out there saying this will deter future investment in gas mining capability.
Updated at 00.15 GMT
Australia pledges another $11m in aid for Gaza civilians
Josh Butler
In the meantime … Australia will send another $11m in humanitarian aid for civilians in Gaza, with foreign minister Penny Wong repeating long-held calls for more assistance to people in the Palestinian territory.
Labor will also send $15m for assistance to humanitarian crises in Myanmar and Afghanistan.
“The humanitarian situation in Gaza remains dire, and Australia reiterates calls for sustained, unimpeded aid to those who desperately need it,” Wong said in a statement.
Australia is engaging diplomatically as part of the international call for all parties to return to the ceasefire and hostage deal in Gaza. We continue to press for the protection of civilians, the release of hostages and unimpeded and sustained humanitarian aid.
‘Helping others in crisis reflects Australian values’: foreign minister Penny Wong. Photograph: Dominic Giannini/AAP
The government says $7m will go to food assistance for Rohingya refugees fleeing Myanmar for Bangladesh, $3m for food and health on the Thai-Myanmar border, and $5m for United Nations partners to help Afghan women and girls.
“Helping others in crisis reflects Australian values, but also supports our interests in a peaceful, stable world. Australia’s contribution will provide lifesaving assistance to people enduring immense suffering,” the foreign minister said.
Humanitarian needs have increased twenty-fold since the Myanmar coup. We call on the military regime to prioritise civilian safety and immediately cease violence and ensure unhindered and safe humanitarian access across the country.
Australia is steadfast in its support for Afghan women and girls, who have shown incredible courage in the face of the Taliban’s systematic human rights violations and abuses.
Updated at 23.40 GMT
Everyone’s talking about how tight the election will be (and it’s particularly exciting for the minor parties and independents – see Adam Bandt’s comments below)
But to see where the election will be won and lost and where some of the closest margins will be, take a look at my colleague Sarah Basford-Canales’ excellent explainer here:
We’re standing by to hear from Peter Dutton this morning.
He snuck out of Canberra (either late last night or on a red-eye this morning) and will be fronting the cameras around 11.15am AEDT from Brisbane.
Updated at 23.32 GMT
Dutton says slashing public service jobs will lead to ‘productivity increase’
Circling back to Dutton’s interview on 4BC earlier this morning: what about the 41,000 public servants the Coalition has promised to sack?
Peter Fegan asked whether Dutton is comfortable for tens of thousands of people to lose their jobs, saying: “They were hired to do a job, it’s not their fault.”
Dutton counters that those workers will be able to find jobs elsewhere.
These are Canberra-based bureaucrat jobs that we’re talking about. The public service does a great job, but we need to have an efficient public service. And don’t forget that public servant wages are paid by working Australians…
I want to say to those public servants and to all Australians, we’ve got an economy out there at the moment where, when you speak to a lot of people across different sectors, they can’t find staff. So there’s no doubt in my mind that there’s a productivity increase in this decision.
Updated at 23.29 GMT
Bandt says Aukus paints ‘huge Donald Trump-shaped target’ on Australia’s back
Defence is another big sticking point for the Greens, who have been calling for Australia to leave the Aukus pact with the US and the UK.
Aukus is a bipartisan commitment between Labor and the Coalition (you might remember Dutton standing up to support Albanese’s answer to a crossbench question defending Aukus during yesterday’s question time).
Bandt says now is the wrong time for Australia to be “joined at the hip with Donald Trump” and for Australia’s defence policy to be “contracted out” to Trump.
We are the only ones pushing to cancel the Aukus arrangements and the nuclear submarines.
The point that we’re making about a defence policy is also that you just have to have a look at Ukraine to see that hope – basing your whole defence policy on Donald Trump riding to your rescue is not the way to go. That does not make you safe.
We don’t want Australia to have a huge Donald Trump-shaped target painted on our back by being part of Aukus.
Updated at 23.23 GMT
Gaining a ministry ‘not our priority’ – Bandt
Unlike the agreement between Labor and the Greens in the ACT, where the minor party has held cabinet positions, Bandt says holding a ministerial portfolio is “not our priority”.
(And you can imagine how much heat the Greens and Labor would cop if something like that was announced during the campaign.)
A ministerial position is not our priority. What the Greens want at this election is to keep Peter Dutton out and get Labor to act. This is a real chance by voting Greens to get some real outcomes for people. Like enough of the tinkering around the edges. Tinkering around the edges of the housing and rental crisis still leaves people skipping meals just to pay the rent.
Bandt reiterates the priority is to get dental into Medicare, build more public and social housing and tax mining corporations more.
Updated at 23.17 GMT
Bandt says ‘minority government is coming’
Greens leader Adam Bandt is at parliament offering up the Greens’ pitch to voters.
Minority government is coming. And with the major parties offering about as attractive as a dead fish, you can see why. Labor wants to give you 73 cents a day in a year. The Liberals are offering about the same to some people but only for the a year, and the Greens want to save you thousands of dollars a year every year by getting dental into Medicare, making it free to see the GP, capping rent increases and wiping student debt.
He says the Greens will get major corporations to pay for their promises through increased tax.
(These are all policies the Greens have been pushing the government for, for a while.)
Bandt believes this election is an “incredible opportunity” for a minority government.
Adam Bandt: the major parties’ offering is ‘about as attractive as a dead fish’. Photograph: Mick Tsikas/AAPShare
Updated at 23.25 GMT
Dutton hedges on lower household power bills
Peter Dutton has spoken to 4BC radio this morning, spruiking his gas reservation policy and plan to fast-track new gas projects.
The Coalition has said this would bring down prices from around $14 a gigajoule down to about $10.
But will Dutton guarantee the policy will reduce household bills?
I’m not going to do the $275 lie that the prime minister did before the election – I think that he promised to 97 occasions, and on each occasion he knew that he wasn’t telling the truth.
But what I do know is that the Liberal party will always manage the economy more effectively, and if we bring on significantly more supply of gas into the market, and if we reduce the prices, you say, from $14 down to $10, then you can expect that there will be reduced power prices and across the economy.
So not exactly an airtight guarantee.
Updated at 22.58 GMT
). Highlight the key points and make it relevant to Australian property professionals. IMPORTANT: Your response must begin *directly* with the first word of the excerpt. Do *not* include any introductory phrases, greetings, or repeat any part of these instructions (e.g., "Generate a concise..."). Output ONLY the excerpt text.
Australian Federal Election 2025: Impact on Property Market and Planning Regulations
Generate a concise and informative excerpt (around 150 words) for the following article, highlighting the key points and making it relevant to Australian property professionals:
SYDNEY - Australia’s Prime Minister Anthony Albanese on March 28 called a national election for May 3, launching a five-week campaign that is set to be dominated by cost-of-living pressures.
Mr Albanese’s Labor party won a majority at the last federal election in 2022, but most recent opinion polls show the party neck-and-neck with the opposition Liberal-National coalition when votes from smaller parties are redistributed.
“Our government has chosen to face global challenges the Australian way - helping people under cost-of-living pressure, while building for the future,” he told a press conference. “Because of the strength and resilience that our people have shown, Australia is turning the corner. Now on 3 May, you choose the way forward.”
Mr Albanese earlier in the morning met the country’s Governor-General Sam Mostyn to seek permission to call a nationwide federal election.
Under Australia’s constitution the prime minister must formally seek permission to call an election from the governor-general, who represents the head of state, Britain’s King Charles.
Three-year term limits mean Australia must go to the polls by May 17 at the latest to elect a new parliament.
Tight campaign
Mr Albanese has announced a slew of measures aimed at pleasing families and businesses in recent months, including tax cuts in March 25’s budget, with the rising cost of living in the country set to dominate the campaign.
A close-run election could mean no single party or coalition of parties will be able to form a government on its own, instead relying on smaller parties to command a majority in the country's lower house.
Mr Albanese, a long-time Labor lawmaker who grew up in government housing, came to power on a wave of personal popularity, but has suffered from the rising cost of living and a steep rise in interest rates during his tenure.
Falling inflation and the decision by Australia’s central bank to cut interest rates for the first time in five years at its February meeting have done little to help Albanese’s polling numbers.
After enjoying a healthy lead for much of his term, his personal approval ratings are now close to those of Liberal leader Peter Dutton, a former police officer and the interior minister in the last Liberal-National government.
Mr Dutton has campaigned on law-and-order and a plan to adopt nuclear power in the country, in opposition to Labor's transition to renewable energy.
Both leaders have promised an extra A$8.5 billion (S$7.17 billion) over four years to shore up the country’s public healthcare system. REUTERS
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ATO Cracks Down on Tax Debt: Property Pros Face Higher Costs from July
Aussies will be hit with bigger penalties from the Australian Taxation Office (ATO) if they fail to pay their tax debts on time. The interest applied on overdue tax debts will no longer be tax deductible from July 1, 2025, after laws passed parliament this week.
Legislation to remove tax deductibility for both the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) was passed, a change expected to boost tax revenue. The GIC applies to unpaid tax debts, including late lodgements, while the SIC applies to tax shortfalls from incorrect self-assessments. Currently, the GIC is 11.17% p.a. and the SIC is 7.17% p.a., both compounding daily.
For property professionals, this means carefully managing tax obligations is now even more critical. Late payments or incorrect assessments will result in non-deductible interest charges, impacting your bottom line. Industry bodies have criticised the move, highlighting the potential strain on small businesses, particularly in the current economic climate of high interest rates and inflation. Sole traders could see penalty rates increase significantly depending on their marginal tax rate. Understanding and adhering to tax deadlines is paramount to avoid these increased, non-deductible penalties.
Trade War Threat: How US Car Tariffs Could Hit Aussie Property
Generate a concise and informative excerpt (around 250 words) for the following article (
Canadian Prime Minister Mark Carney says he will respond with unspecified trade actions if US President Donald Trump goes ahead with more tariffs that have expanded a global trade war.
Carney said he had not yet determined what actions Canada might take if Trump follows through with his plan to impose new 25 per cent levies on cars and light trucks imported to the US.
He said he would respond next week, when the auto tariffs and a separate set of reciprocal tariffs on US trading partners are due to take effect.
“We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimum impacts here in Canada,” Carney said on Thursday (local time).
The tariffs could add thousands of dollars to the cost of an average vehicle in the US, contradicting Trump’s campaign promise to lower consumer prices.
After Trump revealed his plan for tariffs on imported vehicles, Ferrari announced price hikes of up to 10 per cent for cars sold in the US. Other car makers have warned they might follow, while dealers have raised fears of job losses.
The S&P 500 ended lower on Thursday, with auto stocks falling. General Motors tumbled over 7 per cent and Ford slid 3.9 per cent. Car parts manufacturers Aptiv and BorgWarner each lost about 5 per cent.
Tesla edged up 0.4 per cent, with investors betting the electric vehicle maker will be hurt less by tariffs because of its largely domestic production.
The tariffs are a sucker punch for some of the US’s most important allies and will come atop other trade penalties Trump has already imposed. Mexico, Japan, South Korea, Canada and Germany are the biggest suppliers of automotive imports to the US that were worth $US474 billion ($A752 billion) in 2024.
Carney said Canada would transform its economy to become less dependent on its southern neighbour, which has long been a close ally and important trading partner.
“We will need to reduce our reliance on the United States,” he said.
That may prove difficult. Vehicles are the second-largest Canadian export by value at $US51 billion in 2023 – of which 93 per cent went to the US.
With billions of euros wiped from German auto shares on Thursday, officials in Europe’s biggest economy have also called for a tough response.
“The US has chosen a path at whose end lie only losers, since tariffs and isolation hurt prosperity for everyone,” outgoing German Chancellor Olaf Scholz said.
In neighbouring France, Finance Minister Eric Lombard called Trump’s plan “very bad news,” and said the only solution was for the EU to raise its tariffs.
Britain, which has struggled to expand its economy, was scrambling to secure an exemption. But it has also threatened to review subsidies for Tesla, which is headed by top Trump adviser Elon Musk.
The company, whose sales have plunged this year amid increased competition and a political backlash, is less exposed to Trump’s tariffs than its rivals, but Musk said on X that the impact was “still significant”.
Sources said the Trump administration had also paused contributions to the World Trade Organisation, further hobbling the global trade watchdog, as it yanks support for international institutions it sees at odds with its “America First” agenda.
China’s foreign ministry said the US approach undermined the multilateral trade system and was “not conducive to solving its own problems”.
With shares falling, Japanese Prime Minister Shigeru Ishiba said Tokyo will put “all options on the table” and South Korea said it would put in place an emergency response by April.
Trump considers tariffs a tool to raise revenue to offset his promised tax cuts and to revive a long-declining US industrial base.
Many trade experts, however, expect prices to initially rise and demand to fall, hurting a global auto industry that is already reeling from uncertainty caused by Trump’s rapid-fire tariff threats and occasional reversals.
Trump said he might hit the EU and Canada with larger tariffs if they teamed up to retaliate.
-AAP
). Highlight the key points and make it relevant to Australian property professionals. IMPORTANT: Your response must begin *directly* with the first word of the excerpt. Do *not* include any introductory phrases, greetings, or repeat any part of these instructions (e.g., "Generate a concise..."). Output ONLY the excerpt text.
Expandable Amazon Tiny Home: Prefab Potential for the Aussie Market?
While the specific two-bedroom tiny home featured is no longer available, the article highlights the rising trend of affordable, customizable prefabricated homes relevant to Australian property professionals. These compact dwellings offer potential solutions in a challenging market, presenting opportunities for innovative and budget-conscious housing. The example highlighted boasts customizable layouts, exterior finishes, and even a potential roof terrace. Built with insulated walls, cement flooring, and standard electrical wiring, these homes prioritize durability and convenience. The manufacturer emphasizes weather resistance and provides a one-year warranty. This trend presents Australian property professionals with new avenues for development and client solutions, especially in the affordable housing sector. Further research into similar models available on Amazon and other suppliers is encouraged.
Govt pumps $54m into prefab and modular construction to shake up building industry
Govt Pumps $54m into Prefab and Modular Construction to Shake Up Building Industry The Australian Federal Government has announced a $54 million funding package aimed at accelerating the adoption of prefabricated and modular construction methods, signifying a strategic move to position the sector as a key driver in addressing the nation’s housing shortage. The announcement,...
Australian Election 2025: Property Industry Faces Energy and Development Policy Changes
With a federal election looming on May 3rd, the Australian property industry is bracing for potential policy shifts impacting energy costs, development approvals, and sustainability initiatives. Opposition Leader Peter Dutton’s call for a domestic gas reserve aims to alleviate construction cost pressures related to energy, a move applauded by some seeking immediate relief. However, its long-term efficacy and environmental impact are debated.
The election outcome will greatly influence sustainable building practices. Government incentives for green building materials and energy-efficient designs are crucial in driving industry adoption. A change in government could lead to policy reversals, creating uncertainty for developers with established sustainability strategies. A re-elected Labor government is expected to maintain or enhance existing green initiatives.
The election also coincides with existing market challenges like rising interest rates, material costs, and skills shortages. Policies concerning housing affordability, infrastructure spending, and immigration will significantly impact the sector. Stimulating first-home buyer activity could boost housing demand, while immigration controls might exacerbate labour shortages. Property professionals will closely scrutinize both major parties’ platforms for policy signals, balancing short-term cost considerations with long-term sustainability goals as advocated by groups like the Clean Energy Council who prioritise renewable energy investment. The choice between incremental changes and more ambitious climate action will shape the industry's future.
MiTek’s Design Tech Drives Efficiency on Aussie Building Sites
MiTek's "Design-Make-Build™" process, while primarily focused on the US, offers valuable insights for the Australian property sector grappling with productivity and skills shortages. This integrated approach emphasizes early collaboration among stakeholders (owners, architects, builders, manufacturers) to optimise building processes, reduce waste, and expedite project delivery – addressing fragmentation common in Australian construction.
MiTek's technologies, including off-site manufacturing (OSM) optimisation, structural engineering software, and BIM integration, have direct applications for Australian builders seeking to enhance efficiency and sustainability. OSM, in particular, aligns with growing local interest in prefabrication, offering benefits like reduced on-site time and waste.
While adoption faces challenges, like workforce upskilling and regulatory adaptation, MiTek's focus on sustainability and modular construction resonates with the increasing demand for energy-efficient buildings and stricter environmental rules in Australia. Addressing concerns around job displacement and upfront investment is crucial for successful integration of these transformative technologies in the Australian market.
Tiffany’s Turning Trash to Treasure: 3D-Printed Facade Sets Sustainable Trend for Aussie Property
Luxury Meets Sustainability: 3D-Printed Facades Offer New Possibilities for Australian Property
Tiffany & Co.'s new boutique at Singapore's Changi Airport showcases a striking, coral-inspired facade created using 3D printing and recycled ocean plastics. Designed by MVRDV and engineered by BUROMILAN, the facade utilises Ocean rPPGF, a material derived from recycled fishing nets, highlighting the potential of circular economy principles within the luxury sector.
For Australian property professionals, this project demonstrates a compelling blend of aesthetics and sustainability. With Australia's increasing focus on Green Star ratings (over 600 to date) and reducing carbon footprints, the Tiffany & Co. example offers a tangible vision for environmental options. 3D printing allows for complex, custom designs with reduced waste, utilising innovative materials otherwise destined for landfill.
While challenges remain for widespread adoption in Australia – including regulatory approvals, skills shortages and high initial investment costs – the benefits of on-site production, design freedom, and reduced material waste are significant. Could this inspire Australian developers to embrace similar innovations, driving demand for sustainable materials and transforming construction processes? The project underscores the growing importance of ethical and sustainable practices within the retail, commercial, and residential sectors, a trend that Australian property stakeholders cannot afford to ignore.
Australian Property Expert Guide to Content Writing and Language Standards
Create content in Australian English. Ensure strict adherence to the '-ise' suffix for verbs. For instance, use 'analyse' not 'analyze,' 'categorise' not 'categorize,' and 'summarise' not 'summarize.' Do not deviate from the '-ise' spelling. The Macquarie Dictionary is the sole reference for correct Australian English. Maintain a professional, informative tone. Include examples within the text to demonstrate correct '-ise' usage, such as, 'We must organise the data carefully. Generate a concise and informative excerpt (around 200 words) for the following article, highlighting the key points and pointing out relevant themes to Australian property professionals:
Create content in Australian English. Ensure strict adherence to the '-ise' suffix for verbs. For instance, use 'analyse' not 'analyse,' 'categorise' not 'categorise,' and 'summarise' not 'summarise.' Do not deviate from the '-ise' spelling. The Macquarie Dictionary is the sole reference for correct Australian English. Maintain a professional, informative tone. Include examples within the text to demonstrate correct '-ise' usage, such as, 'We must organise the data carefully.'
You are a property law expert working with the Australian Property Network (APN) Consumer Affairs Team. Your task is to rewrite the following news article (in Australian English) for an audience of property professionals and enthusiasts. The rewritten article should:
* Be a thorough revision of the original, maintaining all key factual information.
* Focus on the implications of the news for tenant rights and responsibilities in Australia. This may involve explaining relevant legislation, highlighting potential legal issues, or discussing best practices for property professionals in handling tenant-related matters.
* Incorporate additional context and background information seamlessly into the narrative to help readers understand the broader implications of the news for the Australian property market and their professional practise.
* Present a balanced perspective, including different viewpoints or interpretations of the news, if applicable. If the original article is one-sided, actively seek out and include alternative perspectives.
* Be completely objective and free of bias or promotional language. Replace any biased statements with neutral, factual reporting and diverse viewpoints.
* Be written in a professional and informative tone, with a focus on clarity and accuracy.
* Include persuasive elements that encourage readers to stay informed about tenant rights and related legal developments, emphasising the importance of compliance and best practices.
* Include the source at the end.
* Remove excessive HTML; keep paragraphs, bold, and italics.
* Prioritize clarity, accuracy, balanced reporting, and completeness over brevity. There is no strict length limit.
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Original title: I travelled to the other side of the world for a bizarre reason that left my friends and family wondering... 'why?' And boy was it worth it
Source: https://www.dailymail.co.uk/femail/travel/article-14488415/bizarre-travel-reason-Memphis-Peabody-hotel.html
Article Content: While most people travel thousands of miles to Memphis, Tennessee, to visit Graceland or learn about the history of the blues, I went for a slightly more unique reason.At the top of my bucket list was staying at The Peabody Hotel to witness the iconic Peabody Duck march and be the Duckmaster for the day - something you may have seen on social media. Twice a day five trained ducks march from their duck palace on the rooftop, into the elevator, down the red carpet with spectators on the sidelines and up the tiny stairs into the fountain in the centre of the hotel. It may sound quite bizarre to those who aren't familiar with the tradition, but thousands travel from all over the world to see the duck march which takes place 11am daily. When I told my family and friends I was going to travel America's south solo to see a flock of ducks, I received a mixed bag of comments - as expected. When I explained I needed to go see the ducks and be the 'Duckmaster', they stared at me blankly - often hitting me with an endless list of questions. But after living out my dreams and leading those ducks down the iconic red carpet I would absolutely do it again in a heartbeat. Plus, when else do you have the opportunity to be famous for a day? Twice a day The Peabody Hotel ducks march from their duck palace on the rooftop to the fountain in the centre of the lobby On February 26, I was lucky enough to be chosen as the honorary Duckmaster for the day accompanied Kenon Walker (right) to guide the ducks down the red carpet. It'll certainly be a story I tell for years to comeHow did the tradition begin?In 1933, Frank Schutt, General Manager of The Peabody, and his friend Chip Barwick returned to the hotel from a weekend hunting trip. With them were live duck decoys, which was legal at the time. As the story goes, the men drank a little too much whisky and thought it would be a funny idea to let the ducks loose in the fountain that remains in the hotel today. The reaction from others was enthusiastic and positive, and so the tradition began. It wasn't until 1940 when Edward Pembroke, the hotel bellman and a former circus animal trainer, offered to train the ducks to march to and from the fountain. He became the first Peabody Duckmaster and served for a staggering 51 years until he retired in 1991. Now more than 75 years on, five ducks march up to the fountain at 11am then back to their duck palace at 5pm.The ducks are trained on a farm, are hosted at The Peabody for three months before being released and a new flock of ducks are welcomed to be treated like royalty. For the last six years Kenon Walker has been the honorary Duckmaster and is proud to be part of the hotel's history, but it's not a path he planned.'I've been an actor since I was 13, I also was a tour guide at the National Civil Rights Museum for seven years, I created the tour for the Stax Museum, and I'm a father too - all these things prepared me for when I arrived at The Peabody,' Kenon tells me. In October 2018 Kenon started working at The Peabody Hotel as the concierge and got to know the assistant Duckmaster, Doug. Three months later the official Duckmaster Anthony left his position after becoming a father and Doug took his place. Kenon was offered the role as the assistant Duckmaster and less than a year later became the official Duckmaster when Doug retired. For the last 75 years, five ducks have marched up to the fountain at 11am then back to their duck palace at 5pm I flew from Sydney to Memphis to be the Duckmaster for the day - and I'd do it again Being the Honorary Duckmaster for the day On February 26, I was lucky enough to be chosen as the honorary Duckmaster for the day accompanied Kenon to guide the ducks down the red carpet. Prior to the march, I had a front row seat watching Kenon welcome the guests in the lobby of the glorious hotel, as he explained the history of the tradition. Then he welcomed me to the 'stage', asked where I was from, and officially gave me the title as Duckmaster. I accompanied Kenon to the rooftop to lead the ducks downstairs and while I was nervous, everything went perfectly. 'Are you sure you haven't done this before?' Kenon asked me. I then led the ducks to the fountain and heard the roar of the applause from the audience while dozens took photos and videos. It was, without a doubt, the highlight of the trip. Along with the Duckmaster title, I also recevied an official brass-head Duckmaster Cane, Peabody t-shirt and Peabody Celebriduck rubber duck toy - as well as bragging rights.After the march, and for the remainder of the day, others came up to me asking how I was given the title and wanted to know more about me. Even at Memphis airport on my way back home I was recognised! It'll certainly be a story I tell for years to come. THE ULTIMATE MEMPHIS ITINERARYDAY 1 Sun Studio tour - allow for at least 1 hour My first tourist attraction was the studio where Elvis Presley was discovered. Sam Phillips launched the record studio in 1952, which was originally named Sun Records. Big names including Howlin' Wolf, B.B. King, Ike Turner, Jerry Lee Lewis and Johnny Cash passed through the doors. At the iconic Sun Studio where Elvis Presley was discovered I was able to touch and feel one of his microphones Sam Phillips launched the record studio in 1952, which was originally named Sun Records. Big names including Howlin' Wolf, B.B. King, Ike Turner, Jerry Lee Lewis and Johnny Cash passed through the doorsEdge Motor Museum - 20 minutes to 1 hour If you're a die-hard car fan, be sure to stop by the Edge Motor Museum, which is only a five-minute walk up the road from Sun Studio.The museum has a regular rotation of old-school cars worth up to $250,000 USD ($394,845 AUD), including a car owned by American actress and singer Doris Day. If you're a die-hard car fan, be sure to stop by the Edge Motor Museum, which is only a five-minute walk up the road from Sun StudioDinner at Second LineIf you're after a true southern-style meal, look no further than Second Line. Indulge in tasty New Orleans food by Chef Kelly English. DAY 2Visit the home of Elvis Presley, Graceland - minimum 2.5 hours Graceland, the mansion of the Elvis Presley, it a hot tourist attraction for obvious reasons. When I arrived, I was shocked at the grand size of the Elvis Presley's Memphis Entertainment Complex and well preserved every item is. You could easily spend an entire day at Graceland, but the minimum time is 2.5 hours. I visited Graceland, the home of Elvis Presley, on my second day in Memphis You could easily spend an entire day at Graceland, but the minimum time is 2.5 hours. It's chilling walking through the mansion once owned by the King of Rock n RollLunch at Beauty Shop Restaurant in MidtownFor lunch I caught a quick Uber to The Beauty Shop restaurant. At this point in the trip I was dying for some fresh food or anything that wasn't deep fried - and this was the ideal spot. The hip and trendy spot takes the idea of a 50s-style beauty shop and has transformed it into a restaurant. Interestingly it was actually Priscilla Presley's go-to curl-and-dye spot. I ordered a fresh salad with grilled prawns, which was delicious and light yet filling. Stax Museum of American Soul Music tour - minimum 1 hour My next stop was the popular Stax Museum of American Soul Music. The self-guided tour lasts about an hour and much like the Sun Studio tour, the Stax studio is 'where it all happened in the 60s and 70s'. The small movie-theatre-turned-recording-studio in South Memphis produced a string of hits that stirs souls of today. The tour starts with a short introductory video followed by a collection of more than 2,000 interactive exhibits, films, artifacts, items of memorabilia, galleries, and Isaac Hayes' gold-plated, peacock blue 1972 Superfly Cadillac El Dorado.Rendezvous Charles Vergos Hidden down a small alleyway that's only a two-minute walk from The Peabody hotel is The Rendezvous, which has been serving ribs in a downtown Memphis since 1948.It has been owned and operated by the Vergos family for three generations. As recommended by a local Memphian, I ordered the classic ribs with BBQ sauce on the side. After a busy day I was starving, so I quickly devoured the whole thing. The staff were friendly, accommodating and the restaurant is full of character with so much to look at in every corner - they even have a juke box. Explore Beale StreetBeale Street is the ultimate place to feel the history of the blues and listen to live music pouring out from the numerous venues. Top spots include B.B. King's Blues Club, Rum Boogie Cafe, Blues Hall Juke Joint, and Silky O'Sullivans. Beale Street is the ultimate place to feel the history of the blues and listen to live music pouring out from the numerous venuesDAY 3 National Civil Rights Museum - minimum 1.5 hours The powerful National Civil Rights Museum is one that shouldn't be missed or overlooked. It's a powerful self-guided tour which starts with the shocking history of slavery in America to the present day.It's also located at the historic Lorraine Motel where civil rights leader Dr. Martin Luther King Jr. was assassinated.The interactive displays gives visitors an idea of the complexity of the history, the protestors who stood up for their rights and the chilling stories of what occurred through the decades fighting for civil rights. The Civil Rights Movement & Memphis Music Captured Through The Lens Of Ernest Withers - Withers Collection Museum & GalleryContinuing on the theme of civil rights, the The Withers Collection Museum & Gallery features the remarkable work of Ernest Withers - a photojournalist born in Memphis. Mr Withers captured an estimated 1.8million images over 60 years. He captured the lively nature of Beale Street along with many musicians including Elvis Presley and Tina Turner. He also took personal images of Martin Luther King Jr. Dinner at The Lobbyist My final dinner in Memphis was at the Lobbyist - only a five-minute walk from Beale Street. The restaurant is one of the top 30 best in Memphis, and it's easy to see why. The stunning interior matches the intimate atmosphere. I ordered the sweet carrots, grilled cauliflower, rigatoni, and mussels which were equally delicious.
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New Title: Generate a concise, informative, and engaging article title (in Australian English) that accurately reflects the content of the rewritten article, based on the original title "I travelled to the other side of the world for a bizarre reason that left my friends and family wondering... 'why?' And boy was it worth it". The title should be suitable for an audience of Australian property consumers and align with the APN Editorial Style guidelines. Consider these factors when generating the title: * Accuracy: Ensure the title accurately reflects the key information and focus of the rewritten article. * Clarity: Clearly communicate the main topic and potential insights for property consumers. * Specificity: Hint at the specific focus or angle of the article (e.g., a particular consumer right, scam, dispute resolution method, or legislation). * APN Brand: Align with the APN brand voice, which is authoritative, informative, analytical, engaging, solutions-oriented, and has an Australian focus for a target audience of property professionals, investors, policymakers, and everyday Australians. * Impact (if applicable): If the news has a direct or significant impact on Australian property consumers due to changes in consumer protection, highlight this impact using strong verbs or impactful phrasing. Additional Instructions: * Do not include any meta-commentary about the title itself or the AI's process. * Do not include any placeholder citations or instructions for adding sources. * Do not enclose the title in double quotation marks. * Do not include any extra information or clarifications in brackets.
Formatting Instructions:
* Structure the article using H2, H3, and H4 headings to organise the content and improve readability.
* Use bullet points and lists to present information clearly and concisely.
* Retain any existing bold and italic formatting from the original article.
* Ensure proper paragraph breaks and spacing for a clean and professional layout.
* Output the article in HTML format.
Citation Instructions:
* If the article mentions a source or provides data, attempt to locate and cite the original source in Chicago format.
* If no specific source is mentioned but the information is likely based on external research or data, add a generic citation at the end of the article, such as "Source: Industry research and analysis."
* Do not include any comments or requests for sources within the article.
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Your Rewritten Article: (in Australian English)
This article is based on a report from www.dailymail.co.uk titled "I travelled to the other side of the world for a bizarre reason that left my friends and family wondering... 'why?' And boy was it worth it". You can find the original article here: https://www.dailymail.co.uk/femail/travel/article-14488415/bizarre-travel-reason-Memphis-Peabody-hotel.html
Domain’s Boardroom Brawl: Is a Deal on the Cards?
We raise our fair value estimate for narrow-moat Domain DHG to $4.43 per share from $4.20 following the announcement of an improved nonbinding indicative proposal from wide-moat CoStar Group to acquire the business. A 100% probability of acquisition is assumed, based on board engagement with CoStar, shareholder willingness to sell, and the unlikelihood of competing bids. The stand-alone valuation for Domain remains at $2.65 per share.
Morningstar believes Domain is uniquely valuable to CoStar due to potential cost reductions and margin boosts achievable by migrating the business to CoStar's existing platform—a successful strategy replicated in previous acquisitions. Despite increased competition from CoStar's ownership of Domain, Morningstar maintains a fair value estimate for wide-moat REA Group at AUD 126 per share, believing REA can further raise prices.
Domain faces near-term challenges in the volatile Australian housing market, expecting a gradual decline in listings due to increasing transaction costs from stamp duty. Growth is projected through increased listing fees rather than market share gains, as Domain's share relative to REA Group remains stable. Both Domain and REA are expected to focus on increasing revenue per listing through price increases and enhanced service offerings, important considerations for Australian property professionals navigating this evolving landscape.
Budget Reality Check: Property Market Under Scrutiny
Budget Reality Check: Key Takeaways for Australian Property Professionals
Assistant Treasurer Andrew Leigh's recent budget address offers a crucial reality check for Australian property professionals. While highlighting Australia's economic resilience amidst global headwinds and managed inflation, the speech underscores persistent challenges impacting the property market. Crucially, despite avoiding recession, ongoing inflation within the RBA target band continues to fuel interest rate pressures, directly affecting borrowing costs for developers and homebuyers. While cost-of-living measures like tax cuts and energy relief aim to bolster household finances, their indirect impact on housing affordability remains limited and potentially inflationary.
More promising for the sector are productivity-boosting initiatives. Investments in skills training, expanded Fee-Free TAFE, and exploration of modular construction methods directly address critical skills shortages and supply constraints plaguing the industry. Reforms to non-compete clauses could also enhance labour mobility within construction. These measures signal a focus on long-term market health, but their effectiveness hinges on successful implementation and navigating regulatory hurdles.
For Canberra professionals, the speech emphasized continued infrastructure investment and defended the public service’s size, vital for the local property market. Overall, the Budget presents a mixed picture: short-term cost-of-living relief with limited property impact versus long-term productivity initiatives offering potential supply-side solutions. Property professionals must navigate persistent inflation, interest rate sensitivities, and closely monitor the rollout of these productivity measures to inform strategic decisions in the evolving market landscape.
Home Loan Rates Drop: Impact on Australian Property Market
Home Loan Rates Drop: Impact on the Australian Property Market Reduced Rates Across Several Banks Several Australian banks have recently lowered variable home loan interest rates. This includes Bank of Queensland (BoQ) and the Australian Military Bank, which have announced cuts this week. These actions were in response to the most recent federal budget and...
Darwin’s Investment Boom: Suburbs Driving Capital Gains
Darwin’s Investment Boom: Suburbs Driving Capital Gains A recent Pulse report, produced by Hotspotting and analysed by depreciation experts Washington Brown, highlights several Darwin suburbs as top performers in the Australian property investment market. The report identifies a range of locations across Australia exhibiting attractive rental yields and potential capital growth. Top Performing Darwin Suburbs...
2025 Australian Federal Election Guide: Impact on Property Market and Professionals
Generate a concise and informative excerpt (around 250 words) for the following article (
The federal election has finally been called.
It's been a minute since the last one in 2022 and a lot has changed in politics since then.
But here's the stuff you can count on.
Federal election 2025 live: Follow our coverage as the campaign unfolds
Do I have to vote?
YES!
Voting is compulsory for Australian citizens 18 and over.
If you're enrolled and you don't vote, you could get a fine from the Australian Electoral Commission (AEC).
When is the federal election?
Saturday, May 3.
How do I enrol to vote?
If you're 18 or older, you need to make sure you're enrolled to vote.
If you've moved house since 2022, you'll also need to update your address.
You can make sure you're on the electoral roll and your details are correct online.
To check your details or register to vote online, head to aec.gov.au/enrol.
You can also enrol to vote at your local AEC office or by faxing or mailing an enrolment form to the commission.
The AEC website also lists a bunch of other ways to enrol if you have special circumstances that make enrolling to vote difficult.
When do I have to enrol by?
You have about a week to enrol to vote if you haven't already.
The document that determines that date and a number of other key dates still needs to be issued.
It's called a writ and the date it's issued has a domino effect on when the electoral roll closes, when candidate nominations shut, and more.
The writs will likely be issued very soon now the election has been called.
A week later, at 8pm, the electoral roll will close.
Now is the time to make sure you're on the electoral roll and your details are up to date. (Claudia Long (ABC News)/Canva)
Can I vote early?
Yes.
8.41 million people voted early at the last election — nearly half of the 17.6 million people who were on the electoral roll — but technically you can't just rock up early because it suits you.
You can vote early if:
- You'll be outside the electorate where you are enrolled to vote or more than 8km from a polling place on election day
- You're travelling
- You'll be unable to leave your workplace to vote
- You're sick or due to give birth (or looking after someone who is)
- Your religious beliefs prevent you from going on the day
- You're in prison serving a sentence of less than three years
- You're a silent elector or have a reasonable fear for your safety
When does early voting open?
Generally speaking, you'll be able to head to early voting booths in the two weeks before election day.
Also, most early voting booths are open every day except Sundays.
But this will depend on your local early voting station, so check with the AEC's website for more details.
Read more about the federal election:
Want even more? Here's where you can find all our 2025 federal election coverage
Can I do a postal vote?
Yes.
If you won't be in your electorate — aka, the local area represented by your member of parliament — you do have other options for voting.
You can vote early at a pre-polling centre or by post.
If you have access needs because of a disability, you can also do a postal vote or vote by phone if you're blind or low vision.
If you won't be in your electorate on election day you will be able to vote by post.
How do I vote for who I want to be prime minister?
You don't.
In Australia, you vote for a local member to represent you in the lower house of parliament (the house of representatives) and who you want to represent you in the upper house, known as the Senate.
While the prime minister and opposition leader are the leaders of their parties, unless you live in their electorates you don't get to vote them into parliament.
They're selected by their colleagues in what's called a party room, where they get together and vote for who they want to be their leader.
An electorate, also known as a seat, is made up of around 110,000 voters living in the same area, so you — and everyone you live near — get to select a local member to represent you.
There's going to be 150 of them in the lower house in the next parliament — one for each electorate in the country.
This is important because whoever wins a majority of the seats in the lower house gets to form government.
Or, if they don't get enough on their own, whoever strikes an agreement with independents and minor parties to make up the numbers can form a minority government.
What electorate am I in?
Who you vote for will depend on which federal electorate you're in.
Your federal electorate has a different name to your state electorate.
This AEC website will tell you what electorate you're in.
Scroll down to the bottom of the page, enter your suburb, locality or postcode and hit the purple "find" button.
What are each party's actual policies?
Throughout the campaign we'll be covering who the parties and independents are, what they stand for and other key policies as part of our series Politics Explained.
And if you know a first time voter, or just someone who needs a refresher on how to vote or how parliament works we'll be covering that too!
Have Your Say: What matters to you this federal election?
). Highlight the key points and make it relevant to Australian property professionals. IMPORTANT: Your response must begin *directly* with the first word of the excerpt. Do *not* include any introductory phrases, greetings, or repeat any part of these instructions (e.g., "Generate a concise..."). Output ONLY the excerpt text.
RBA Rate Pause Predicted: Expert Outlook for Property Market
Australian property professionals should prepare for the RBA to hold the cash rate at 4.10% next week. A Finder survey of 34 economists reveals a strong consensus (two-thirds) anticipating no change, despite last month's cut fuelling hopes for consecutive reductions. While some experts argue for a cut based on recent employment figures and moderating inflation, the majority believe the RBA will wait until May, potentially influenced by the upcoming federal election. This pause provides a stable, albeit temporary, environment for the property market. However, the long-term outlook suggests further cuts are likely later this year, with most experts predicting two or three more reductions and almost all expecting lenders to pass them on in full.