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SAN ANSELMO, CALIFORNIA - FEBRUARY 26: In this photo illustration, the Temu logo is displayed on a laptop on February 26, 2024 in San Anselmo, California. The Chinese online marketplace app is gaining popularity in the United States. (Photo Illustration by Justin Sullivan/Getty Images) (Photo by JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

How Temu took down Aussie pioneer

International retailers are drawing consumers in by offering cheap products and low shipping costs, but their meteoric rise is coming at the expense of local businesses.

Wealth
A derelict home in Morawa, WA, has sold for a record low price of $2000. Picture: Realestate.com.au

Is this Australia’s cheapest home?

It’s been labelled “uninhabitable” by a local council, but this rural Aussie property has been snapped up in what might be called the country’s cheapest ever property sale.

Original URL: https://www.news.com.au/finance/money/wealth