Jeff Bezos' neighbour cops $139 million discount on property purchase
A bare patch of land next door to the world's second-richest man has sold after six months on the market.
The property sold for $US110 million ($169 million) to an anonymous international finance executive, the Wall Street Journal reported.
It may seem like a steep price for 8000 square metres of grass, but it is just over half the $US200 million ($308 million) the vendor was asking when the property first listed in December 2024.
Even with a 45 per cent discount, the empty plot cost more than Australia's most expensive homes – a $140 million Sydney apartment amalgamation, the $130 million trades of Uig Lodge and Elaine in Point Piper, and a grand Toorak mansion that sold north of nine figures earlier this year.
The block of land is located on Indian Creek Island, a man-made island in Florida that is home to some of America's wealthiest families.
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Jeff Bezos splashed a quarter of a billion US dollars buying three properties on the island last year – including the house next door to the empty lot.
The new buyer will also brush shoulders with Ivanka Trump, US businessman Carl Icahn, DJ and record producer David Guetta and NFL legend Tom Brady, who all live in the neighbourhood.
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The Advertiser
9 hours ago
- The Advertiser
Australian shares retreat from highs for second time
The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states. The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9. The top 200 gained roughly one per cent for the week but failed to hold above its record close of 8,555.8 for a second straight day, as investors took profits ahead of a trading break on Monday and two potentially volatile US sessions before the next ASX open. With the local bourse so close to its record, some investors were asking if they were looking at a high-water mark, Moomoo market strategist Jessica Amir said. "With US debt concerns getting louder, investors are questioning whether markets could be due for a haircut," she told AAP. "But I think that'll be tested tonight when we get US jobs data, and if it really is weaker than expected then that will smash sentiment." Nine of 11 local sectors finished lower but energy shares offered some relief, up 0.7 per cent as hopes of resumed US-China trade talks pushed oil prices higher. Brent crude prices are up more than 3.5 per cent for the week, to $US64.86 a barrel, after a phone call between Presidents Donald Trump and Xi Jinping raised hopes for global growth and crude demand from the world's two largest economies. Financials weighed on the bourse, down 0.4 per cent as investors took profits on the banks. CBA was the big four's worst performer on Friday, fading 0.8 per cent after hitting a fresh peak of $182 on Thursday. Zooming out, the sector was up 1.9 per cent for the week and holding above its record close in February. Liquidity rotation from the banks and glimmers of global trade hopes helped push BHP and Fortescue higher, but it was not enough to stop the materials sector from slipping 0.1 per cent after a 1.4 per cent gain for the week. The brighter trade horizon weighed on critical minerals miners after China's export controls pushed them higher on Thursday, leaving Pilbara Minerals (down 5.2 per cent) and Iluka Resources (down 3.8 per cent) among the top 200's worst performers on Friday. Goldminers were a mixed bag all week, as the precious metal continued to chop within a range, with futures at $US3,384 ($A5,210) an ounce. Cryptocurrency Bitcoin slipped almost five per cent overnight but has recovered some of its losses to trade about $US103,200 ($A158,860), with no fundamental catalyst behind the dip, trading platform OKX's Australian boss Kate Cooper said. "The modest 5.6 per cent dip in the global cryptocurrency market cap today reflects broader market volatility, as participants react to the European Central Bank's downward revision of inflation expectations and reassess growth prospects," she said. Qantas was among the ASX's best-performing large cap stocks, up 3.5 per cent to $10.76 as competitor Virgin Australia confirmed it would relist on the ASX on June 24 with an expected market cap of $2.3 billion. Gold explorer and developer Ora Banda took the wooden spoon, down 14 per cent after a production update failed to shine. The Australian dollar is buying 64.97 US cents, roughly on par with Thursday at 5pm, but at the upper end of its recent range against the greenback. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 23.2 points lower, down 0.27 per cent to 8,515.7 * The broader All Ordinaries fell 26.7 points, or 0.3 per cent, to 8,741.9 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.97 US cents, from 64.96 US cents on Thursday at 5pm * 93.56 Japanese yen, from 93.03 Japanese yen * 56.81 Euro cents, from 56.93 Euro cents * 47.95 British pence, from 47.95 pence * 107.58 NZ cents, from 107.70 NZ cents The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states. The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9. The top 200 gained roughly one per cent for the week but failed to hold above its record close of 8,555.8 for a second straight day, as investors took profits ahead of a trading break on Monday and two potentially volatile US sessions before the next ASX open. With the local bourse so close to its record, some investors were asking if they were looking at a high-water mark, Moomoo market strategist Jessica Amir said. "With US debt concerns getting louder, investors are questioning whether markets could be due for a haircut," she told AAP. "But I think that'll be tested tonight when we get US jobs data, and if it really is weaker than expected then that will smash sentiment." Nine of 11 local sectors finished lower but energy shares offered some relief, up 0.7 per cent as hopes of resumed US-China trade talks pushed oil prices higher. Brent crude prices are up more than 3.5 per cent for the week, to $US64.86 a barrel, after a phone call between Presidents Donald Trump and Xi Jinping raised hopes for global growth and crude demand from the world's two largest economies. Financials weighed on the bourse, down 0.4 per cent as investors took profits on the banks. CBA was the big four's worst performer on Friday, fading 0.8 per cent after hitting a fresh peak of $182 on Thursday. Zooming out, the sector was up 1.9 per cent for the week and holding above its record close in February. Liquidity rotation from the banks and glimmers of global trade hopes helped push BHP and Fortescue higher, but it was not enough to stop the materials sector from slipping 0.1 per cent after a 1.4 per cent gain for the week. The brighter trade horizon weighed on critical minerals miners after China's export controls pushed them higher on Thursday, leaving Pilbara Minerals (down 5.2 per cent) and Iluka Resources (down 3.8 per cent) among the top 200's worst performers on Friday. Goldminers were a mixed bag all week, as the precious metal continued to chop within a range, with futures at $US3,384 ($A5,210) an ounce. Cryptocurrency Bitcoin slipped almost five per cent overnight but has recovered some of its losses to trade about $US103,200 ($A158,860), with no fundamental catalyst behind the dip, trading platform OKX's Australian boss Kate Cooper said. "The modest 5.6 per cent dip in the global cryptocurrency market cap today reflects broader market volatility, as participants react to the European Central Bank's downward revision of inflation expectations and reassess growth prospects," she said. Qantas was among the ASX's best-performing large cap stocks, up 3.5 per cent to $10.76 as competitor Virgin Australia confirmed it would relist on the ASX on June 24 with an expected market cap of $2.3 billion. Gold explorer and developer Ora Banda took the wooden spoon, down 14 per cent after a production update failed to shine. The Australian dollar is buying 64.97 US cents, roughly on par with Thursday at 5pm, but at the upper end of its recent range against the greenback. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 23.2 points lower, down 0.27 per cent to 8,515.7 * The broader All Ordinaries fell 26.7 points, or 0.3 per cent, to 8,741.9 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.97 US cents, from 64.96 US cents on Thursday at 5pm * 93.56 Japanese yen, from 93.03 Japanese yen * 56.81 Euro cents, from 56.93 Euro cents * 47.95 British pence, from 47.95 pence * 107.58 NZ cents, from 107.70 NZ cents The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states. The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9. The top 200 gained roughly one per cent for the week but failed to hold above its record close of 8,555.8 for a second straight day, as investors took profits ahead of a trading break on Monday and two potentially volatile US sessions before the next ASX open. With the local bourse so close to its record, some investors were asking if they were looking at a high-water mark, Moomoo market strategist Jessica Amir said. "With US debt concerns getting louder, investors are questioning whether markets could be due for a haircut," she told AAP. "But I think that'll be tested tonight when we get US jobs data, and if it really is weaker than expected then that will smash sentiment." Nine of 11 local sectors finished lower but energy shares offered some relief, up 0.7 per cent as hopes of resumed US-China trade talks pushed oil prices higher. Brent crude prices are up more than 3.5 per cent for the week, to $US64.86 a barrel, after a phone call between Presidents Donald Trump and Xi Jinping raised hopes for global growth and crude demand from the world's two largest economies. Financials weighed on the bourse, down 0.4 per cent as investors took profits on the banks. CBA was the big four's worst performer on Friday, fading 0.8 per cent after hitting a fresh peak of $182 on Thursday. Zooming out, the sector was up 1.9 per cent for the week and holding above its record close in February. Liquidity rotation from the banks and glimmers of global trade hopes helped push BHP and Fortescue higher, but it was not enough to stop the materials sector from slipping 0.1 per cent after a 1.4 per cent gain for the week. The brighter trade horizon weighed on critical minerals miners after China's export controls pushed them higher on Thursday, leaving Pilbara Minerals (down 5.2 per cent) and Iluka Resources (down 3.8 per cent) among the top 200's worst performers on Friday. Goldminers were a mixed bag all week, as the precious metal continued to chop within a range, with futures at $US3,384 ($A5,210) an ounce. Cryptocurrency Bitcoin slipped almost five per cent overnight but has recovered some of its losses to trade about $US103,200 ($A158,860), with no fundamental catalyst behind the dip, trading platform OKX's Australian boss Kate Cooper said. "The modest 5.6 per cent dip in the global cryptocurrency market cap today reflects broader market volatility, as participants react to the European Central Bank's downward revision of inflation expectations and reassess growth prospects," she said. Qantas was among the ASX's best-performing large cap stocks, up 3.5 per cent to $10.76 as competitor Virgin Australia confirmed it would relist on the ASX on June 24 with an expected market cap of $2.3 billion. Gold explorer and developer Ora Banda took the wooden spoon, down 14 per cent after a production update failed to shine. The Australian dollar is buying 64.97 US cents, roughly on par with Thursday at 5pm, but at the upper end of its recent range against the greenback. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 23.2 points lower, down 0.27 per cent to 8,515.7 * The broader All Ordinaries fell 26.7 points, or 0.3 per cent, to 8,741.9 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.97 US cents, from 64.96 US cents on Thursday at 5pm * 93.56 Japanese yen, from 93.03 Japanese yen * 56.81 Euro cents, from 56.93 Euro cents * 47.95 British pence, from 47.95 pence * 107.58 NZ cents, from 107.70 NZ cents The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states. The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9. The top 200 gained roughly one per cent for the week but failed to hold above its record close of 8,555.8 for a second straight day, as investors took profits ahead of a trading break on Monday and two potentially volatile US sessions before the next ASX open. With the local bourse so close to its record, some investors were asking if they were looking at a high-water mark, Moomoo market strategist Jessica Amir said. "With US debt concerns getting louder, investors are questioning whether markets could be due for a haircut," she told AAP. "But I think that'll be tested tonight when we get US jobs data, and if it really is weaker than expected then that will smash sentiment." Nine of 11 local sectors finished lower but energy shares offered some relief, up 0.7 per cent as hopes of resumed US-China trade talks pushed oil prices higher. Brent crude prices are up more than 3.5 per cent for the week, to $US64.86 a barrel, after a phone call between Presidents Donald Trump and Xi Jinping raised hopes for global growth and crude demand from the world's two largest economies. Financials weighed on the bourse, down 0.4 per cent as investors took profits on the banks. CBA was the big four's worst performer on Friday, fading 0.8 per cent after hitting a fresh peak of $182 on Thursday. Zooming out, the sector was up 1.9 per cent for the week and holding above its record close in February. Liquidity rotation from the banks and glimmers of global trade hopes helped push BHP and Fortescue higher, but it was not enough to stop the materials sector from slipping 0.1 per cent after a 1.4 per cent gain for the week. The brighter trade horizon weighed on critical minerals miners after China's export controls pushed them higher on Thursday, leaving Pilbara Minerals (down 5.2 per cent) and Iluka Resources (down 3.8 per cent) among the top 200's worst performers on Friday. Goldminers were a mixed bag all week, as the precious metal continued to chop within a range, with futures at $US3,384 ($A5,210) an ounce. Cryptocurrency Bitcoin slipped almost five per cent overnight but has recovered some of its losses to trade about $US103,200 ($A158,860), with no fundamental catalyst behind the dip, trading platform OKX's Australian boss Kate Cooper said. "The modest 5.6 per cent dip in the global cryptocurrency market cap today reflects broader market volatility, as participants react to the European Central Bank's downward revision of inflation expectations and reassess growth prospects," she said. Qantas was among the ASX's best-performing large cap stocks, up 3.5 per cent to $10.76 as competitor Virgin Australia confirmed it would relist on the ASX on June 24 with an expected market cap of $2.3 billion. Gold explorer and developer Ora Banda took the wooden spoon, down 14 per cent after a production update failed to shine. The Australian dollar is buying 64.97 US cents, roughly on par with Thursday at 5pm, but at the upper end of its recent range against the greenback. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 23.2 points lower, down 0.27 per cent to 8,515.7 * The broader All Ordinaries fell 26.7 points, or 0.3 per cent, to 8,741.9 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.97 US cents, from 64.96 US cents on Thursday at 5pm * 93.56 Japanese yen, from 93.03 Japanese yen * 56.81 Euro cents, from 56.93 Euro cents * 47.95 British pence, from 47.95 pence * 107.58 NZ cents, from 107.70 NZ cents
AU Financial Review
10 hours ago
- AU Financial Review
Qld finally reveals its position on $1b quantum deal
Queensland's Liberal-National government confirmed it will proceed with the $1 billion deal to build a world-leading super computer following a months-long review and scathing comments of the agreement while in opposition. The Crisafulli government launched a review of the deal with US-based start-up PsiQuantum within days of coming to office in November, raising concerns about the decision-making and competitive rigour of the selection process.
West Australian
12 hours ago
- West Australian
Australia in driver's seat but US trade deal some time away, says CBA
The chief economist at the nation's biggest bank has warned an Australian trade deal with the US could be some time away given the complexity involved and America's push for increased market access. Commonwealth Bank's Luke Yeaman also said there was a risk that if Donald Trump does not strike deals with key trading partners before the July 9 deadline — when the pause on the US President's reciprocal tariffs is due to resume — he may 'lose patience and reinstate unilateral tariffs . . . sparking another round of volatility in global markets'. It comes as the Australian sharemarket swung on Friday following turmoil in the US, following an ugly exchange between Mr Trump and Elon Musk that wiped more than $US150 billion ($231b) off the value of Tesla. Prime Minister Anthony Albanese also signalled he was prepared to make concessions allowing American beef into the country as deliberations ramp up. Mr Yeaman said Australia remained in a 'relatively strong negotiating position' as the country's tariffs are equal to Mr Trump's global minimum level of 10 per cent. He said the recent move to double steel and aluminium taxes to 50 per cent would be a concern, but the Federal Government won't feel pressured to conclude an agreement quickly. 'Using the UK deal as a template, an Australian trade deal could still be some time away,' Mr Yeaman said. 'There are obvious areas for co-operation (critical minerals), but addressing key US asks around market access for US beef exports, the Pharmaceutical Benefits Scheme, regulation of US tech companies and defence spending won't be easy.' Last month, the UK became the first country to agree to a trade deal with the US since Mr Trump imposed the sweeping tariffs in April. Prime Minister Keir Starmer this week said Britain was hoping to ink a pact with the US in the next two weeks to avoid the new tariffs on steel. Mr Yeaman said those talks — alongside America's negotiations with China and the European Union — provided important insights into the Trump administration's thinking. He said last month's US-China trade war pause showed both countries have an economic 'pain threshold' they are unwilling to cross — albeit a high one. 'This takes some severe downside scenarios off the table, but tensions will remain high and further bouts of escalation are likely,' Mr Yeaman said. 'Whenever two superpowers 'play chicken' there is always a risk of a head on crash. With US-China tariffs escalating to over 125 per cent, it appeared that could be the outcome (and a severe global recession). 'Both countries have now shown that they do not want to go down that road — the economic costs are simply too high.' But despite the de-escalation, Mr Yeaman remained doubtful a comprehensive US-China trade agreement would be settled by August 14. AMP deputy chief economist Diana Mousina said financial markets appeared to remain confident Mr Trump would pull back from the brink. 'US sharemarkets have had a massive rally in recent weeks, and are up by 19 per cent since the post-Liberation day lows,' she said. 'It is hard to see this positive momentum continuing when Trump's tariffs are still up in the air.' There were plenty of risks weighing on shares including the trade battles, American debt and tensions in Iran, Ms Mousina said. The Aussie dollar could remain weak in the near-term, she said.
