CELEBRATING THE CITY – KANEBRIDGE QUARTERLY AUTUMN 2024
The latest issue explores the diversity and delight of living in our capitals
The latest issue explores the diversity and delight of living in our capitals
The latest issue of Kanebridge Quarterly has just landed and we’re celebrating city living. From the best luxury apartments hitting the market to incredible houses transformed by the clever use of passive solar design, we showcase how city living in Australia is evolving and the challenges ahead to reach ever higher standards of living.
We kick off this issue with our story on the internationally recognised cool neighbourhoods in Sydney and Melbourne. They’re nowhere near the water, so what makes them so special? And how can you spot the next fashionable suburb? If you’re more about life’s little luxuries, check out our story on the rise of the apartment concierge — and where you can get in on the action. NSW Building Commissioner David Chandler also shares his vision for the construction of multi-residential projects, making builders more accountable than ever and bringing confidence back to the market.
In the Money section, as more homeowners feel the pinch amid stubbornly high interest rates, we look at ways to keep money in your pocket without the belt tightening, at least not much. Plus, we explore the world of investing in gems and jewellery, talking to the experts about what pieces truly appreciate in value. If you’re looking at where to get the best returns on your investments, we can point you in the right direction, from bricks and mortar, the cryptocurrencies (yes, they’re back), gold and more.
Lifestyle lovers will enjoy drawing back the curtain on some of the best designed homes in Australia, including a house in Melbourne that doesn’t need heating in winter. Plus, we drop in on Singapore designer Gabriel Tan, who moved his family to Portugal in the middle of COVID. And speaking of people on the move, our travel section looks at the growing market for solo travellers, and the travel companies catering to their interests.
It’s a packed issue, perfect for dipping into and taking away truly useful information. Get ready to invest in your best life.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
The company is best known for its prestigious Penfolds brand
Australia’s Treasury Wine Estates admitted defeat in its effort to divest brands including Wolf Blass and Blossom Hill, moderating its annual earnings guidance amid weaker sales of its cheaper products.
Last year, Treasury outlined plans to offload its so-called commercial portfolio in a pivot toward costlier, higher-margin brands. As part of the move, it bought California’s Frank Family Vineyards in 2021 and Daou Vineyards in 2023 in deals worth US$1.31 billion combined.
On Thursday, Treasury told investors that it had failed to find a buyer for its budget brands.
“TWE has concluded that the offers received for these brands did not represent compelling value and therefore their retention is the best course of action,” Treasury said.
The company, which is best known for its prestigious Penfolds brand, said that demand for brands typically retailing for less than US$19 a bottle had fallen by 4.9% in the December-half. That includes the commercial portfolio, which comprises the company’s cheapest offerings.
As a result, Treasury expects so-called Ebits—earnings before interest, tax and other impacts including one-off items—for the full fiscal year of 780 million Australian dollars, or about US$489.8 million. That’s at the bottom end of its previously issued A$780 million-A$810 million guidance range.
Even so, Treasury on Thursday reported a A$220.9 million net profit for its fiscal first half, up 33% on year as the company continued to re-establish its Penfolds brand in China following that country’s removal of tariffs on Australian wine.
Revenue rose by 20% to A$1.57 billion, while profit increased 33% to A$239.6 million once material items and currency moves were stripped out.
The average analyst forecast had been for a net profit of A$242.1 million from revenue of A$1.57 billion, according to data compiled by Visible Alpha. Treasury reported first-half Ebits of A$391.4 million.
The board declared a dividend of 20 Australian cents a share, up from 17 cents a year earlier.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.