Brisbane news live: Luxury high-rises atop Kangaroo Point hit milestone
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Inner-city clifftop skyscraper trio reach construction milestone
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A set of three 14-storey luxury skyscrapers perched atop the Kangaroo Point cliffs has 'topped out' this week, with crews completing the final structural works on its top floor.
The three-tower Skye residences complex sits along River Terrace, in Kangaroo Point, with developer Pikos touting the structure as a 'jewel in the crown of the company's 37-year history'.
The complex contains 69 residences, including 64 three-bedroom apartments, four penthouses and one 'super penthouse'.
Pikos Group chief executive Michelle Wooldridge said the project would bring 'a new level of luxury' to Brisbane.
The buildings' interiors are set to be decked out before the estimated opening date in September, with units already selling from $4.35 million to $5.95 million.
6.50am
Weather into the weekend
The week draws to a close with another mild day forecast for Brisbane, the bureau predicting a top temperature of 25 degrees on a mostly sunny day.
And the conditions are expected to stretch over the weekend and into early next week – although the temperature could be a little warmer than the typical late May days.
Here's how the next seven days should pan out:
6.48am
While you were sleeping
Here's what's making news further afield this morning:
Jim Chalmers' plan to raise extra tax out of superannuation funds with more than $3 million will hit hundreds of thousands of young people while enticing them to sink more cash into trusts, one of the country's leading tax experts has warned.
The Coalition's break-up has been downgraded to a break after just 48 hours. If the Liberals and Nationals reunite, they have the ABC to thank.
Three people have been killed and police hold 'grave fears' for another reported missing as the northern NSW flood disaster intensified, leading to mass evacuations in more than a dozen towns.
Kmart has begun trialling a new layout that brings clothing and beauty to the front of the store, in an effort to maximise sales and lure Gen Z and Gen Alpha shoppers into becoming lifelong customers.
Two Israeli embassy workers have been shot dead outside the Capital Jewish Museum in Washington, DC, in a major international incident that is likely to have widespread ramifications in the fight against antisemitism.
And these are the best hotels in the world, according to the experts.
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The Age
2 days ago
- The Age
Chalmers has earned the right to snub the Coalition, but here's why he shouldn't
Jim Chalmers slammed the door shut this week on doing a deal with the Coalition on tax changes to superannuation. The treasurer is perfectly entitled to thumb his nose at the opposition. Labor first announced these tax changes last term, the government took them to the election, and it then secured a thumping majority on May 3. But Chalmers is making a mistake. The much-depleted Coalition has not yet decided whether it plans to be constructive, in a legislative sense, in this second term on the opposition benches, or whether it will continue with the monomaniacal impulse to say 'no' to most proposals. Chalmers could not agree to the Coalition's twin requests – that the tax change be indexed so that over time the impost does not affect more than the initial estimate of 80,000 people and second, that the tax would not apply to unrealised capital gains (such as a family farm or an expensive artwork) held by an individual's self-managed super fund. Instead, the treasurer has chosen to negotiate with the Greens, who also want tweaks, but who are much more likely to eventually pass the tax in its original form. So, notwithstanding the huffing and puffing from the opposition and some in the more conservative sections of the media, this debate is likely to end up with Chalmers getting his way and securing the new tax – which raises the tax rate to 30 per cent on superannuation balances over $3 million – in its unamended form. The treasurer's mistake is not so much in not compromising on the detail with the Coalition (arguments can be made for and against the proposed changes). Rather, it's in the signal sent to the Coalition about how he intends to negotiate in the coming term of parliament. Chalmers' PhD, Brawler Statesman, was written about Labor's legendary former treasurer and prime minister, Paul Keating and how the one-time member for Blaxland implemented and then bedded down ambitious and necessary economic reform over more than a decade. Keating's record of reform (backed by Bob Hawke) is part of political folklore now – he floated the Australian dollar, opened up the economy, reduced tariffs, welcomed foreign banks, privatised major government-owned companies such as Qantas and more.
Sydney Morning Herald
2 days ago
- Sydney Morning Herald
Chalmers has earned the right to snub the Coalition, but here's why he shouldn't
Jim Chalmers slammed the door shut this week on doing a deal with the Coalition on tax changes to superannuation. The treasurer is perfectly entitled to thumb his nose at the opposition. Labor first announced these tax changes last term, the government took them to the election, and it then secured a thumping majority on May 3. But Chalmers is making a mistake. The much-depleted Coalition has not yet decided whether it plans to be constructive, in a legislative sense, in this second term on the opposition benches, or whether it will continue with the monomaniacal impulse to say 'no' to most proposals. Chalmers could not agree to the Coalition's twin requests – that the tax change be indexed so that over time the impost does not affect more than the initial estimate of 80,000 people and second, that the tax would not apply to unrealised capital gains (such as a family farm or an expensive artwork) held by an individual's self-managed super fund. Instead, the treasurer has chosen to negotiate with the Greens, who also want tweaks, but who are much more likely to eventually pass the tax in its original form. So, notwithstanding the huffing and puffing from the opposition and some in the more conservative sections of the media, this debate is likely to end up with Chalmers getting his way and securing the new tax – which raises the tax rate to 30 per cent on superannuation balances over $3 million – in its unamended form. The treasurer's mistake is not so much in not compromising on the detail with the Coalition (arguments can be made for and against the proposed changes). Rather, it's in the signal sent to the Coalition about how he intends to negotiate in the coming term of parliament. Chalmers' PhD, Brawler Statesman, was written about Labor's legendary former treasurer and prime minister, Paul Keating and how the one-time member for Blaxland implemented and then bedded down ambitious and necessary economic reform over more than a decade. Keating's record of reform (backed by Bob Hawke) is part of political folklore now – he floated the Australian dollar, opened up the economy, reduced tariffs, welcomed foreign banks, privatised major government-owned companies such as Qantas and more.
AU Financial Review
2 days ago
- AU Financial Review
Shein shifts Australian marketplace to Singapore, raising tax question
Shein, the Chinese online fast fashion giant that has expanded rapidly with low prices and an enormous range of merchandise, has set up a new vehicle in Singapore that will run its Australian marketplace, raising questions about whether the company will use the structure to avoid goods and services taxes. The new entity is known as Wonderflow Support, and will support the company's broader business, Shein said. Shein has one of the most downloaded mobile apps in the world and has grown quickly as a favoured destination for online shoppers, in particular Gen Z consumers.
