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One of the country’s most prominent builders will lose nearly a tenth of its workforce, due to growing concerns about Australia’s construction industry. Key points: Metricon has told its workforce it is “restructuring” More than 200 jobs will be started Concerns continue about Australia’s construction industry Metricon was forced to defend itself against rumors of bankruptcy just a few months ago. The company has now notified its roughly 2,500 workforce that it is restructuring. This move will impact 9 percent of its workforce. It worked for more than 200 jobs. Most of the roles that will be taken are not in the building or construction itself, but in front of homework such as sales and marketing. In a statement, Metricon’s acting chief executive Peter Langfelder said the company was contracted to build 6,000 homes. “We are working to restructure our business front end given the current climate and the need to move forward more efficiently,...

Unsealed court documents show Amber Heard abandoned divorce payments from Johnny Depp that could run into the tens of millions of dollars, as the struggling actress sold her beloved California home. Documents seen by the Daily Beast show that the Aquaman star, 36, ignored guidance from his legal team not to pursue Depp for the maximum cash he was entitled to after they filed for divorce in 2016. He could have asked for half of the $33 million Depp he made to shoot the fourth Pirates of the Caribbean film, because it was made while they were married. But Heard chose not to, and wrote to them an email saying he was ‘very true to his word, that it’s now about money.’ A judge refused to allow the evidence to be accepted during Depp’s defamation lawsuit against Heard. He was ordered to pay Depp a total of $8.3 million after being found guilty of defamation, but said he did not have enough money to do so. Amber Heard appears to have sold her Southern California ...

Property prices across the country are expected to fall by another 5 percent before the year ends, a new report estimates. A mid-year report by market analyst PropTrack predicts average property prices nationwide will fall between 2 percent and 5 percent by the end of December. By the end of next year, they are expected to fall even further, potentially by as much as another 10 percent. Watch the latest News on Channel 7 or stream for free on 7plus >> Cameron Kusher, director of economic research and author of the PropTrack report, said the research highlights a rapidly changing housing market. “While there are already signs that the pace of price growth slowed earlier this year, we do not expect interest rates to rise until early 2023,” he said. “Since the inflation outbreak, which resulted in the Reserve Bank (RBA) raising interest rates in each of the three months through July 2022.” Property prices across the country are expected to fall by another 5 percent before the ...

Behind the ancient facade of this verdant Victorian cottage lies a VERY modern house with a luxurious design and an epic garden hideaway you’ve never seen The stately modern home has been shortlisted for a major design award and it’s not hard to see why Normandy House is located on the Melbourne seaside Brighton, half an hour south of the city centre Its ancient heritage facade hides contemporary chic extensions and renovations of epic proportions The original Victorian home was faithfully restored to preserve details such as the ornate ceilings, cornices and arches While the stunning extension features a large living room with two-story windows and a luxurious kitchen Outside there is a lush Asian-inspired Zen garden, a raised swimming pool and sunken lounges under the rooftop garden By Louise Allingham For The Australian Daily Published: 12:07 p.m. EDT, 27 July 2022 | Updated: 12:43 PM EDT, 27 July 2022 Advertisement ...

Homebuyers on a budget can still buy properties for under $250,000 in the suburbs just half an hour’s drive from downtown Brisbane. The Queensland capital has been Australia’s best-performing capital real estate market during the pandemic with home values ​​surging 27.4 percent in the year to June. A median home price of $892,133 would be beyond the reach of the average breadwinner looking to pay off a home without being under the pressure of a mortgage. Apartments in Brisbane usually cost $501,074, buying something near the city. But there’s still pockets in Logan, a satellite town half an hour’s drive southwest of downtown Brisbane, where the midpoint price of a single unit is at half that level. This means buyers on a tight budget, who want to also be closer to the Gold Coast, will be less affected by a spike in interest rates with borrowers already experiencing the Reserve Bank’s biggest hike since 1994. In Woodridge, 23km southwest of central Brisbane,...