perthpropertyupdates

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Australia Most Risky Suburbs for Commercial Real Estate Investments Revealed

Australia’s most risky suburbs for commercial real estate investments have been revealed, highlighting areas where investors should exercise caution. Market volatility, high vacancy rates, and shifting economic conditions make some suburbs less desirable for business properties. Suburbs with declining foot traffic, over-saturation of retail spaces, or dependence on struggling industries pose significant risks. Locations with weak infrastructure, high crime rates, and unpredictable demand further complicate investment decisions. Some regions face challenges due to changing work trends, such as the rise of remote work reducing the need for office spaces. While some high-risk suburbs may offer short-term gains, long-term sustainability remains uncertain. Careful assessment and strategic planning are crucial to mitigating risks in Australia’s commercial real estate market.

Know More: https://www.commercialproperty2sell.com.au/blog/2025/01/australias-most-risky-suburbs-for-commercial-.php

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Swimmer killed in Australia Day river tragedy identified

A swimmer who was found dead after vanishing in a river on Australia Day has been identified.

Tevita Mahe, 37, was being towed on an inflatable behind a boat on the Murrumbidgee River at Darlington Point, in western NSW, when he fell into the water about 2pm on Sunday.

He did not resurface, sparking a major three-day search operation which ended when his body was found at 8.10am on Tuesday.

Know More: https://7news.com.au/news/tevita-mahe-identified-as-swimmer-who-drowned-in-australia-day-tragedy-on-the-murrumbidgee-river-c-17534827

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Perth families who lost millions to alleged conman call for action

Perth mum and dad investors who lost millions to alleged conman Ricky Hirsch are ramping up their calls for action.

His repossessed multimillion-dollar oceanfront mansion is about to go under the hammer but it's unlikely any funds from the sale will make it to those left out of pocket.

Fulfil the Dream promised it all but for investors, it's been nothing but a nightmare.

Read more: https://www.9news.com.au/national/perth-news-mum-and-dad-investors-who-allegedly-lost-millions-to-ricky-hirsch-call-for-action/aea535a8-cc0e-4569-8b1a-a2945856c6f8

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Australia’s Coastal Mansions: Living the Dream by the Ocean

"Australia’s Coastal Mansions: Living the Dream by the Ocean" explores the allure of luxurious beachfront living, showcasing some of the most stunning properties along Australia’s expansive coastline. These coastal mansions offer breathtaking ocean views, exclusive beach access, and a serene lifestyle that blends modern sophistication with natural beauty. The article delves into the unique architectural designs, opulent amenities, and the unparalleled tranquility of seaside living. From the sandy shores of Sydney’s Northern Beaches to the idyllic retreats of the Gold Coast, each mansion exemplifies a dream home by the ocean. The piece highlights the charm of living close to nature, the soothing sound of waves, and the refreshing sea breeze, making it a captivating read for those yearning for an escape to paradise.

For further details: https://www.milliondollarmansions.com.au/blogs/australias-coastal-mansions-living-the-dream-by-the-ocean/

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Australia’s housing market ‘buckling’ under widening gap between income and home values, report finds

Australia’s housing downturn is being driven by a widening gap between income, borrowing capacity and home values, but the dip is likely to be “shallow and short-lived”, a new report has found.

In December, Australia’s property market eased with home values falling 0.1% after a flat result in November and a gradual slowdown over last year, according to CoreLogic.

To know more: https://www.theguardian.com/australia-news/2025/jan/08/australia-housing-market-widening-gap-income-home-values

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Boomers overtaken on housing wealth ladder

They might remain the country's wealthiest generation, but Baby Boomers no longer own the most valuable property in Australia, nor have the most in shares.

A new analysis by KPMG released this morning has found that while the oldest generation once had the most property holdings, they've now been passed by Generation X as housing is both sold off by Boomers and inherited by their children.

Read More: https://www.9news.com.au/finance/generation-x-overtake-baby-boomers-property-investment-wealth/0f21f41b-cb04-44c8-9c1e-79f644709bf3

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How Professional Cleaning Can Boost Property Value

Professional cleaning plays a crucial role in enhancing property value by making spaces look pristine and well-maintained. A deep clean performed by experts can remove years of accumulated grime, dust, and stains, presenting the property in its best light. This not only improves aesthetic appeal but also addresses hidden issues such as mold or water damage, which can negatively impact value. Clean, fresh interiors and exteriors create a positive impression on potential buyers or tenants, often leading to higher offers and quicker sales or rentals. Additionally, a well-maintained property can stand out in competitive markets, highlighting its move-in readiness and reducing the need for immediate renovations or repairs. Overall, investing in professional cleaning can yield significant returns by boosting property value and enhancing its marketability.

Know More: https://www.bondcleaninginperth.com.au/how-professional-cleaning-can-boost-property-value/

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Police reveal theory behind man’s death on Nollamara road in Perth’s north

Injuries sustained by a man who died on a busy road in Perth’s north suggest he may have been struck by a car, police say.

The 50-year-old man was discovered by a member of the public near the intersection of Ravenswood Dr and Hillsborough Dr in Nollamara about 9.10pm on Sunday.

Police and St John Ambulance paramedics attended but he could not be revived and died at the scene.

To know more:

https://7news.com.au/news/police-reveal-theory-behind-mans-death-on-nollamara-road-in-perths-north-c-15917476

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Go West: Why The Sun Is Yet To Set On Perth’s Economy

The Australian economy is turning, and the rug is starting to be pulled out from under us. Growth is slowing, businesses are starting to fail, jobs are becoming wobbly.

But there’s one part of the country where the bad news hasn’t arrived yet. The west.

The economy of Western Australia remains in remarkably shiny shape. According to a report released today by the right-leaning Institute of Public Affairs (IPA), WA leads other states on three key measures of low taxes, energy prices and high wages growth, and comes in second for jobs growth and business investment.

Read More: https://www.forbes.com/advisor/au/personal-finance/perth-economy-booming/

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Tips to Renew Your Commercial Property Lease Easily

Renewing your commercial property lease can be a straightforward process with the right approach. Begin by reviewing your current lease terms and understanding your rights and obligations. Communicate early with your landlord to express your interest in renewing and discuss any desired changes. Consider seeking professional advice to negotiate favorable terms and ensure compliance with legal requirements. Prepare necessary documentation, such as financial statements and business plans, to support your lease renewal application. Keep lines of communication open throughout the process to address any concerns promptly.

To know more: https://www.commercialproperty2sell.com.au/blog/2024/04/tips-to-renew-your-commercial-property-lease-.php

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How to Clean a Porcelain Sink with Pantry Staples

Porcelain is a strong sink material that works with nearly any interior style, making it a popular yet timeless choice for farmhouse kitchens and modern bathrooms alike. But like most white household items, porcelain sinks tend to look dirty at even the smallest hint of grime.

For further details: https://www.bhg.com/how-to-clean-a-porcelain-sink-8637439

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REASONS FOR BUYING NATURAL WOOD KITCHEN CABINETS IN 2024

Natural wood kitchen cabinets shunned the spotlight immediately cabinets constructed from artificial materials came into being. But the recent revival of oak and maple cabinets, the most well-known types of natural wood cabinets, may make that impossible.

In reviving maple and oak cabinets, manufacturers gave the whole lot of natural wood cabinets a refreshed lease of life that will seemingly take a long time to expire.

Know More: https://www.residencestyle.com/reasons-for-buying-natural-wood-kitchen-cabinets-in-2024/

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Passing Your End-Of-Tenancy Inspection: A Tenant’s Guide

Passing Your End-Of-Tenancy Inspection: A Tenant’s Guide is an essential manual for tenants looking to navigate the often daunting process of end-of-tenancy inspections. This comprehensive guide covers everything from preparing your property for inspection to understanding common pitfalls that can lead to deductions from your bond. With detailed checklists and step-by-step instructions, this book equips tenants with the knowledge and tools needed to ensure their rental property meets the required standards. Written in a clear and accessible style, this guide is a must-have for tenants seeking to protect their bond and exit their tenancy with confidence.

To know more: https://www.bondcleaninginperth.com.au/passing-your-end-of-tenancy-inspection-a-tenants-guide/

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Household spending softens following Taylor Swift lift

Households spending edged higher in March; however, the increase was offset by the dwindling amount devoted to recreation after Taylor Swift’s seven sold-out stadium shows buoyed turnover in February.

Fresh figures released by Commonwealth Bank on Thursday showed household spending rose by just 0.2 per cent in March as shoppers stocked up their fridges for the Easter long weekend and travelled to meet family and friends.

For further details: https://www.news.com.au/finance/economy/australian-economy/household-spending-softens-following-taylor-swift-lift/news-story/a2f214ab1e0d2dee6681ce7b65345396

[perthpropertyupdates]

Service station On The Run to back pay or credit $2.3 million to Australian staff in annual leave entitlements

A service station chain has been ordered to back pay or credit about $2.3 million in annual leave entitlements to Australian staff following a Fair Work Ombudsman investigation.

On the Run (OTR) was found to have failed to classify 1,500 employees as shift workers, meaning they did not receive the correct annual leave entitlements.

Shift workers get five weeks of annual leave per year, rather than the four weeks of non-shift workers.

Know More: https://7news.com.au/news/service-station-on-the-run-to-back-pay-or-credit-23-million-to-australian-staff-in-annual-leave-entitlements--c-14245889

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From Historic Mansions to Modern Marvels: Australia’s Architectural Gems

From Historic Mansions to Modern Marvels: Australia’s Architectural Gems is a captivating journey through the diverse and rich architectural landscape of Australia. This book explores the nation's iconic buildings, from the grandeur of historic mansions that whisper tales of bygone eras to the sleek lines of modern marvels that define contemporary design. Each chapter is a window into Australia's architectural evolution, showcasing how different styles, influences, and cultural aspects have shaped the built environment. Readers will discover the stories behind these structures, the architects who envisioned them, and the historical contexts that have influenced their creation. Whether you're a history buff, an architecture enthusiast, or simply curious about Australia's built heritage, this book offers a fascinating glimpse into the country's most significant architectural treasures, illustrating the beauty and diversity of its architectural legacy.

To know more: https://www.milliondollarmansions.com.au/blogs/from-historic-mansions-to-modern-marvels-australias-architectural-gems/

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Easter trading hours 2024: What major stores will be opened on Easter Monday?

It is Easter Monday and that means a whole heap of confusion with stores across the country either open, shut or operating at different hours. To make things easier for you around the busy holiday period, we've done the leg work and collated a list of how major stores - Woolworths, Coles, Aldi, Bunnings and Big W - will be operating. Stores in certain states and territories will operate with varying hours, so it pays to check online or ring to confirm.

To know more: https://www.9news.com.au/national/easter-long-weekend-2024-whats-open-good-friday-trading-hours-coles-woolworths-aldi-explainer/e2c7d21f-4bfb-438d-8d1d-7cdb1bb70576