Real Estate Survey Sydney

 Hey All, I always wanted to purchase a commercial property that would bring high returns without making any effort. So, when I had accumulated enough funds, I invested in a property that was perfectly located in the middle of a commercial precinct. I was able to find a tenant quickly and started earning. However, the sector went through a downturn and I lost my tenant. The property was vacant for a long time and I was making a huge loss and then I sold it off. So, I realised that merely the location will not fetch you profits, you must look at other aspects. Here is an article that will help you identify profitable properties.     https://www.commercialproperty2sell.com.au/blog/2023/02/what-type-of-commercial-property-is-most-prof.php

 A month after abruptly halting plans for a potential merger of its major media companies Fox Corporation and News Corporation, Rupert Murdoch’s business empire said it’s no longer involved in discussions to sell its real-estate listings business Move to rival CoStar. The publishing company controlled by the Murdoch family had been in talks to sell the parent of Realtor.com and other real estate-related websites for more than $US3 billion ($4.4 billion), people familiar with the talks said last month. The Financial Times had reported News Corp was to sell the entirety of its 80 per cent stake under the plans. News Corp said in a statement on Tuesday that it will “actively assess opportunities” as it continues a strategy of optimising the value of its online real estate segment, declining to make further comments. The company has received interest from other potential buyers, said a person familiar with the talks who asked not be identified because they are private. Read More: https...

 When Sydneysider Greg Melloy decided to turn regular holidays on Queensland’s Gold Coast into a permanent escape from the big-city rat race, he had no idea he was buying into a financial nightmare. The former engineering business consultant bought an apartment, renting it out for holiday lets before moving in himself, but discovered the 25-year caretaking and management contract on the building turned the sea change dream into a money trap. Now Melloy, 67, has joined a chorus of angry and frustrated voices warning potential Sydney and Melbourne buyers – thinking of joining the pandemic’s mass migration to Queensland – to beware of the state’s system of selling management rights on apartment buildings for up to 25 years. Read More: https://www.smh.com.au/property/news/thinking-about-a-sea-change-beware-the-unlikely-money-trap-20230208-p5cj1u.html

 The Star Entertainment Group has posted a $1.26 billion loss for the first half of the 2023 financial year, driven by fines and major losses at its Sydney casino. That's compared to a $74 million loss during the same period a year earlier. Half-yearly financial results, released to the ASX on Thursday, included $1.3 billion in what the company describes as one-off costs, like the expected changes to taxes, $350 million in fines and the expense of ongoing reviews and new systems to fix problems.  That "one-off" figure could have been much bigger, because the sale of two properties counted against it. Read More: https://www.abc.net.au/news/2023-02-23/star-casino-finances-plummet-after-money-laundering-probe/102013402