Wave Hill Station sold to Jumbuck Pastoral, AFL boss Gill McLachlan and Reece plumbing family for $100 million
WedWednesday 17
updated
WedWednesday 17
Wave Hill Station has been sold to a company fronted by Jumbuck Pastoral.
(
Share
Print text only
Cancel
AFL CEO Gillon McLachlan and the billionaire family behind the Reece plumbing empire are silent backers of Jumbuck Pastoral s purchase of the NT s iconic Wave Hill Station.
Key points:
Jumbuck Pastoral, AFL CEO Gill McLachlan and Reece plumbing family purchased the property
Wave Hill was the birthplace of the Aboriginal Land Rights movement
Wave Hill covers 1.25 million hectares in the Victoria River District, 750 kilometres south of Darwin, and was the site of a walk-off by Gurindji stockmen, which led to the Aboriginal Land Rights movement in the 1970s.
House prices are hitting record highs in Adelaide, and buyers are feeling the pinch
MonMonday 15
The property market is booming in some parts of Australia, including Adelaide.
(
Share
Print text only
Cancel
Adelaide s housing market had often been considered an affordable option when compared to the eastern states, but buyers are becoming bewildered at the increasing price of property and level of competition.
Key points:
Adelaide s property prices hit a record high in the most recent quarter
Experts say that s good news for sellers, but buyers are struggling to get into the market
Factors include supply versus demand and high levels of interstate interest
Property prices are set for rebound in 2021
Whether you re looking at houses or apartments, take a look at our property clock to see which markets are on the move.
Thanks to COVID-19, the outlook varies widely across cities as well as within cities.
Simon Letch
Share
Maggie May and Josh Kelly are first-time buyers making the most of low interest rates and government incentives to purchase a two-bedroom off-the-plan apartment in inner Melbourne.
The artist and musician couple, who have a two-year-old son, Remy, will save about $35,000 through incentives for first-home buyers, including the First Home Loan Deposit Scheme, HomeBuilder grant and stamp duty concessions for properties valued below $750,000.
Property experts reveal where to invest in 2021
By Bianca Dabu
08 January 2021
|
1 minute read
SHARE
As Australian property markets recover from a tumultuous 2020, most experts believe that this new year is shaping up to be stellar for real estate.
Property Investment Professionals of Australia’s (PIPA) chairman Peter Koulizos said that 2021 will be a better year than 2020, particularly for the residential property market, as capital cities are expected to see a higher rate of value increases.
Further, historically low-interest rates and pent-up transactional energy are also likely to continue to provide a lift to the market in the early part of the new year, according to Kevin Brogan, Herron Todd White’s director of valuation policy and compliance.
Experts reveal what agents can expect from 2021 05 January 2021
As Australian property markets recover from a tumultuous 2020, most experts believe that this new year is shaping up to be stellar for real estate.
Experts believe that, among many factors, historically low-interest rates and pent-up transactional energy are likely to continue to provide a lift to the market in the early part of the new year.
According to Kevin Brogan, Herron Todd White’s director of valuation policy and compliance: “Demand has reacted strongly to renewed market confidence and has been running ahead of supply in many markets, if this continues into 2021, it will continue to exert an upward pressure on established residential property prices.