Story one of ten today, about five minutes for the lot

Aerial view of coastal city with lighthouse, beach, urban towers, mountains backdrop, clear ocean vista.

Wollongong towers would block ocean views for hundreds of residents

Planned towers in Wollongong's CBD would block ocean views for residents of three nearby apartment buildings. The four towers would reach up to 38 storeys, according to the developer's report.

Why it mattersResidents could face permanent loss of ocean views. These views likely shaped when they bought their homes and affected their property values.

AustraliaWollongong apartment owners in three complexes would lose significant ocean views they presently enjoy, a factor that typically influences coastal property value.

✓ Claims checked against the source. checked 6 d ago

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Aerial view of modern suburban homes with varied architecture along a residential street

✓ ABC NewsMoney & Work

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.