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Grim note in Contessa Balmain window shows why Sydney is broken
  • Shopping centres might do that or offer other incentives maybe like paying for advertising costs or something. If the shops are owned independently like the article's example then it's a bit harder because they need to cooperate.

  • Grim note in Contessa Balmain window shows why Sydney is broken
  • Rent is definitely a factor along with interest rates but the article talks about it "The key reason why is to do with how retail properties are valued, which comes down to what the asking rent on the property.".

    The issue is that if you were getting 1000/wk and then the tenant left you now have a temporarily vacant property if you lower the rent and get someone back in at 600/wk now your property valuation is 40% less which matters a lot for loans.

    It's also worth noting that commercial leases are often much longer so they might be waiting for a rebound in the market before renting it out.

    Unfortunately this can lead to death spirals in a lot of areas.

  • Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X
  • "Thierry Breton, the European commissioner for the internal market, said in a letter addressed to Musk on Tuesday that his office has “indications” that groups are spreading misinformation and “violent and terrorist” content on X, and urged the billionaire to respond within a 24-hour period."

    Sounds like it's just a strongly worded letter.

  • Toyota Will Adopt Tesla-Style Cast Bodies That Might Be Impossible to Fix
  • I think point is without the cast body section you could just replace broken parts which may be significantly less. In practice though I don't think it matters that much. Small accidents hopefully don't damage the frame and if they do it's often a bit dubious repairing it.

  • A Sydney council ‘delivered’ 23 affordable homes in 14 years but none are occupied
    www.smh.com.au A Sydney council ‘delivered’ 23 affordable homes in 14 years but none are occupied

    Documents tabled by Woollahra Council in the city’s eastern suburbs confirmed no occupation certificates have been issued for the two dozen affordable dwellings it has approved since 2009.

    A Sydney council ‘delivered’ 23 affordable homes in 14 years but none are occupied
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    Why build-to-rent could be the best fix to the housing crisis
    www.smh.com.au Why build-to-rent could be the best fix to the housing crisis

    Already popular overseas, the build-to-rent concept is taking hold in Australia, with a flood of projects in development and under construction. Major projects are under way in Melbourne, Sydney, Brisbane and Canberra.

    Why build-to-rent could be the best fix to the housing crisis
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    They must have known
    www.smh.com.au Why a Sydney private girls’ school had to hastily redesign its garden

    School staff were oblivious to what the garden looked like from above until they sent a drone to film the progress of landscaping works from the sky.

    Why a Sydney private girls’ school had to hastily redesign its garden
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