Australia

The staffing situation has been described as “a bit insane”

The Victorian government was due to pass the laws on Sep 10, giving eligible workers the right to work from home two days per week

Sale price is 3.7% above asset’s latest valuation of A$27 million, or US$19.5 million

A fall of that size would top the largest price crash of 8% in the country’s capital cities between 2017 and 2019

[SYDNEY] A measure of Australian consumer sentiment fell sharply in September, a survey showed on Tuesday (Sep 8), as fears of higher interest rates and a rebound in fuel prices pressured finances and the economic outlook.

The company’s representative agrees to the emergency relief, worth about A$4 million, with five lenders

The Australian property developer owes around A$3.3 billion to its creditors

The country’s government is under increasing pressure to tackle the affordability of homes

The transaction highlights the ongoing strength of the Sydney hotel investment market, says JLL