British billionaire's company becomes Australia's largest corporate landholder

British billionaire Guy Hands' company bought Vermelha Station in the NT for over $47 million. This makes it Australia's largest corporate landholder with around 6.7 million hectares of land.

Why it mattersForeign ownership of vast tracts of Australian agricultural land raises questions. These questions are about who controls the country's food production and farming sector.

AustraliaAs a foreign-owned company becomes Australia's largest corporate landholder, it signals growing international investment in Australia's pastoral resources and food production.

✓ Claims checked against the source and corrected before publish. checked 6 d ago

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Sydney and Melbourne luxury homes slide past 10 per cent from peak

Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.

Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.