Singapore-based Eduardo Saverin, whose $US34 billion fortune makes him the richest person in the country, has tipped into the deal through his venture capital firm.
Two Australian proptechs are merging, supported with a cash injection from Facebook’s billionaire co-founder Eduardo Saverin, amid a seismic downturn in the property market.
The deal will see Inspace, which allows buildings to be viewed remotely in 3D, merge with AI-powered property search business SohoAI.
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The harbour city’s clearance rate remains sluggish, but one prestige area has bucked the trend as buyers eye bargains in the falling property market.
Sydney is enduring its deepest housing correction since at least 2008 but there are 10 surprising suburbs where prices are going up.
The block sits alongside multimillion-dollar homes and future buyers will need to get creative.
The SpaceX-Tesla merger is increasingly sounding more like a when than an if. Bloomberg reports that the estimated $3.5 trillion tie-up could come as soon as December, but could also slip to early 2027: > The companies have also discussed a scenario in which an announcement slips into early 2027, said the people, who asked to not be identified because the discussions are private. Their boards and advisers are hammering out the terms of the tie-up and governance structure of the combined entity, among other matters, the people said. One of the complicating factors is how to keep separate Tesla’s business in China from SpaceX’s many government and defense contracts. The merger also may be upended by the Democratic Party’s success in the midterms, with many candidates running on the message of reining in Elon Musk’s corporate empire. [Link: SpaceX and Tesla Talks on Record Merger Are Said to Progress | https://www.bloomberg.com/news/articles/2026-11-12/spacex-and-tesla-talks-on-record-merger-are-said-to-progress | Bloomberg]
Deicorp's Fouad Deiri joins Bays West, Billbergia and Contour3D on the Sydney Long Lunch panel on November 26.
While the human remains are yet to be formally identified, police believe they belong to an adult male.
