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

Two men stand in front of the Argenton Hotel, a brick pub building, on a street with parked cars

New owner kills apartment towers to keep Sydney Junction, Gunyah and Argenton

Redcape Hospitality bought seven Hunter pubs from Iris Capital for about $500 million. The company said it won't build apartments on three of them.

Why it mattersKeeps historic pubs working as community venues instead of becoming apartment towers.

AustraliaWollongong and Hunter region residents keep three landmark pubs operating, avoiding the displacement of local venues that were slated for apartment conversion.

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

Next in today's edition

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.