Australian residential property market takes another hit
Discounted sales and more days on market as the residential property sector responds to consecutive interest rate increases
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Properties are taking longer to sell, buyer demand is slowing and the combined value of Australia’s residential real estate fell by $100 billion over January, according to data released by CoreLogic.
Key market metrics released by the property data provider today show a national residential market in decline as the heat comes out of the residential sector. It follows the RBA decision yesterday to raise the cash rate a further 25 basis points, its ninth increase since May last year, hitting borrowers with a 3.35 percent interest rate.
CoreLogic data also revealed national home values declined over January, down a further -1.0 percent from the December drop of -1.1 percent. Sydney property values have been hardest hit, down -13.8 percent in the past year.
The median number of days a property is on the market increased over the three months to January, up from a low of 20 days in November 2021 to 37 days. Perhaps unsurprisingly, vendor discounting has also increased, at -4.3 percent in the past quarter compared with -2.9 percent in the three months to November 2021.
While annual rent values eased slightly in January to 10.1 percent in January, yields rose over the same period to 3.9 percent, and increase from 3.21 percent a year earlier.
Australian actor Chris Hemsworth has joined Archie Rose Distilling Co. as co-owner and strategic business partner as the Sydney spirits company prepares to enter the United States. The partnership brings Hemsworth together with Archie Rose founder Will Edwards, with the pair aiming to build greater international recognition for Australian whisky. Founded in Sydney in 2014, …
Continue reading “Chris Hemsworth Joins Archie Rose as Co-Owner Ahead of Global Expansion”
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3 minAustralian actor Chris Hemsworth has joined Archie Rose Distilling Co. as co-owner and strategic business partner as the Sydney spirits company prepares to enter the United States.
The partnership brings Hemsworth together with Archie Rose founder Will Edwards, with the pair aiming to build greater international recognition for Australian whisky.
Founded in Sydney in 2014, Archie Rose has developed a distinctively Australian range of whiskies, gins and other spirits using locally grown grains and native botanicals.
Hemsworth said his involvement grew from a long-standing admiration for the distiller and its use of Australian ingredients.
“I’ve been a fan of Archie Rose for a long time,” Hemsworth said.
“Wherever I am in the world, tasting an Archie Rose whisky immediately transports me right back home, to that feeling of sitting around a campfire in the Australian bush with my mates.
“Their ethos of only using Australian-grown malts to produce flavour-packed whiskies at their Sydney distillery is truly awesome. They’re a brilliant example of what Australia does best, and I can’t wait to share that with the world.”
Three new Australian whiskies
Three whiskies co-created with Hemsworth are scheduled to launch later in 2026.
Made using 100 per cent Australian-grown malts, the whiskies will be released nationally and introduced to the United States as Archie Rose enters that market for the first time.
Further releases are planned for Asia and New Zealand, followed by expansion into the United Kingdom and European Union in 2027.
Archie Rose will continue to oversee distillation and production, while Hemsworth will contribute to storytelling, creative direction, design and content development.
Edwards said the partnership would help introduce Archie Rose—and Australian spirits more broadly—to a larger international audience.
“Our approach has always been about championing local ingredients to create spirits that taste truly Australian,” Edwards said.
“Having Chris join the business as a co-owner allows us to bring that ambition to the world.
“We aren’t just making spirits; we are using Australia’s raw materials and ingenuity as the base for producing the world’s best whisky, gin and other spirits, telling the stories of the growers and the land beneath them.”
A distinctly Australian approach
Archie Rose works with Australian growers to source heirloom and drought-resistant grain varieties for its whiskies, as well as native botanicals for its gins.
Its whiskies are produced exclusively with Australian-grown malts, including rye and barley cultivated specifically for the distiller.
Each malt is milled, mashed, fermented, distilled and matured separately before the components are combined. The process is designed to retain the individual character of each grain.
For its gins, Archie Rose uses cold distillation to help preserve the character of individual botanicals.
The company says it has received more than 450 awards, including World’s Best Rye Whisky twice, Australia’s Best Single Malt Whisky five times and World’s Best Gin.
Archie Rose received B Corp certification in June 2026, recognising its stated commitments to social and environmental performance, transparency and accountability.
The company operates its distillery in Botany, Sydney, with a public bar and cellar door in nearby Rosebery.
Hemsworth’s arrival as co-owner marks a significant change for the previously family-owned company—and gives one of Australia’s most recognisable actors an active role in the effort to establish Australian whisky as a global category.
On October 2, acclaimed chef Dan Arnold will host an exclusive evening, unveiling a Michelin-inspired menu in a rare masterclass of food, storytelling and flavour.
Formula 1 may be the world’s most glamorous sport, but for Oscar Piastri, it’s also one of the most lucrative. At just 24, Australia’s highest-paid athlete is earning more than US$40 million a year.
