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Campbell Kwan

Today

The ATO is closely monitoring large developers, builders and hospitality operators after detecting numerous examples of potential GST tax fraud.

Developers, hospitality operators in firing line over GST fraud

The ATO has sounded a warning after identifying a surge in potential GST tax fraud, with refund claims worth over tens of millions of dollars in some cases.

This Month

Luxury developer behind Sirius rebuild collapses with unpaid millions

It is the latest among at least four companies run by former Macquarie banker Jean-Dominique Huynh that has collapsed or gone into receivership in 12 months.

A series of Bondi Beach shopfronts (pictured) are set to fetch about $80 million from a property fund manager.

Developer eyes $80m Bondi site for luxury apartments

A series of shopfronts banded together to become Bondi Beach’s largest development site, selling for $80 million.

A render image of the site (left), which has received development approval to be a 46-storey residential tower.

High-profile Gold Coast project up for sale after HMC foreclosure

The owner lost control of the site, which is approved for a 46-storey residential tower, after owning it for just seven months.

Home buyers unfazed by rate hold as prices edge higher

The shock Reserve Bank decision to hold interest rates has not deterred buyers with clearance rates staying above 70 per cent for a fifth consecutive week.

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Lifestyle Communities will appeal a tribunal decision that found that the company’s lucrative exit fees should be scrapped.

Lifestyle Communities risks debt breach over exit fees

Analysts warn that a potential slowdown in sales and the refunding of lucrative exit fees could push the company into breaching its loan covenants.

There are pitfalls to avoid when entering aged care.

Lifestyle’s exit fees loss puts retirement estates on notice

Following a judgment that found its lucrative exit fees were invalid, the listed property developer’s shares tumbled.

Brunswick and Co

Aware Super doubles down on rentals in $285m bid for tower

Build-to-rent assets continue a hot run as Aware partners with Barings to try and nab a $285 million tower with subsidy backing from the state government.

Chinese e-commerce giant buys first Aussie warehouse. And it’s big.

The Chinese e-commerce operator is building a network of logistics hubs around the world. This is its first in Australia.

Lifestyle Communities will appeal a tribunal decision that found that the company’s lucrative exit fees should be scrapped.

Lifestyle Communities to appeal ruling that scraps lucrative exit fees

The retirement village operator will challenge a decision that it must scrap exit fees – worth $250 million of its assets – which were found to be invalid.

Simon Padovani-Ginies, Group Buying Director, ALDI Australia.

Aldi enters grocery delivery war with DoorDash tie-up

The German discount chain is rolling out delivery in Canberra from Tuesday, taking its battle for market share into the fast-growing online grocery sector.

A judge has ruled against expensive exit fees for Lifestyle Communities residents.

Lifestyle Communities’ exit fees ruled invalid in win for residents

A tribunal has ruled that the housing provider’s exit fees for some of its residents breached tenancy laws and in some cases were “harsh”.

Macquarie Centre is one of Sydney’s biggest retail precincts and is worth $1.7 billion. It is half owned by UniSuper and Cbus Property, the real estate arm of the eponymous industry superannuation fund, with the remaining stake owned by a wholesale fund operated by Dexus.

Dexus sues AMP after losing stake in $1.8b Macquarie Centre

The ASX-listed property giant was forced to sell its stake in one of Sydney’s biggest shopping malls. Now it’s calling on an indemnity clause to cover its losses.

Skye Suites Hotel Sydney has sold.

Singaporeans pluck Sydney hotel from Crown collapse

Property developer Crown Group has sold its Skye Suites Sydney Hotel and Our Skittle Place Retail to Singaporean-based Furama Hotels for $68 million.

Commercial property transaction volumes increased by 13 per cent during the first half of 2025.

US tariffs turn Australia into commercial property haven

Foreign investors are funnelling capital into Australian commercial real estate, with falling interest rates also boosting deal volumes by 13 per cent.

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1 and 3 Henrietta Street combined to sell for about $50 million.

Rezoning boom delivers $50m Double Bay deal for Austrac deputy

As Sydney’s planning reforms trigger a flurry of amalgamated property sales, one top public servant has joined forces with her neighbour to cash in.

May

Macquarie Park is home to a number of data centres, which use significant amounts of water a day to keep cool.

Sydney data centre ban ‘risks driving investment offshore’

The decision to prohibit new data centres at Macquarie Park is the latest flashpoint as governments and regulators try to manage the sector’s runaway growth.

Stockland goes shopping for partners in $1.2b malls fund

The malls fund is the latest initiative by Stockland boss Tarun Gupta to bring on board major investors to drive the expansion of Stockland’s portfolio.

A portrait of Tabcorp CEO Gillon McLachlan standing in front of Tabcorp betting machines ahead of his move to pull all betting machines from pubs.

Tabcorp unleashes promotions, but turns off commissions for 1300 pubs

The wagering giant’s chief Gillon McLachlan told publicans the company had “some serious structural challenges … but it’s not just us that needs a change”.

New homeowners John Le and Annabelle Camer in their Rosebery apartment. The couple are looking forward to making the most of their street facing balcony.

What’s a balcony worth? In Sydney, apparently $360k

New data shows home buyers on the east coast are forking out eye-watering sums for a balcony. In Perth, not so much.

Original URL: https://www.afr.com/by/campbell-kwan-p5367p