NEXTDC's market value dropped by around $3 billion after energy provider Jemena paused installing power poles needed for its West Footscray data centre in Melbourne. The plunge came less than two weeks after Firmus Technologies withdrew its public listing plans. Local residents have raised concerns about diesel storage, noise and the power works. Analysts say community support is now a key issue for data centre operators. One adviser urged caution for investors, saying future expectations should not be priced too heavily into today's market value.
A preferred bidder has been chosen to transform Sunshine Station in Melbourne into a six-platform transport superhub. The Network Integration Program Alliance, made up of CPB Contractors and SMEC, will deliver the Stage 1 works, due for completion in 2030. The upgrades include new regional train platforms, an extended concourse, new forecourts and an upgraded bus interchange. Three of five Stage 1 packages have already been awarded. Stage 2 works, which will extend the line to a new Keilor East station, start in coming weeks and are due for completion in 2031.
NextDC has delayed the expansion of its M3 site in West Footscray, Melbourne, to the 2027/2028 financial year. Electricity provider Jemena has paused upgrades to power poles after safety concerns, site access problems and community opposition. The company's share price fell from over $9 to $5.69 after trading resumed. NextDC cut its net revenue guidance to between $475m and $500m. Residents remain opposed to the project and plan to keep campaigning.
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Data centre company NextDC has blamed delays in increased power supply to its M3 data centre in West Footscray for cutting more than $100 million from its earnings forecast. Its shares fell more than 40 per cent to an eight-year low of $5.48 in early trading on Wednesday 21 October. Chief executive Craig Scroggie said power company Jemena paused network upgrades after community and council opposition, and the increase is now expected during FY28. Jemena paused the roll-out of 15-metre power poles across the inner west in September.
NextDC has cut its revenue and profit forecasts for the current financial year after delays to power network upgrades at its West Footscray data centre in Melbourne. Its share price fell 40 per cent after the announcement to the stock exchange. The company said energy supplier Jemena had suspended parts of the network works needed for a future increase in grid supply. Local residents, who have opposed the centre over diesel and noise concerns and the installation of tall power poles, have called for compensation and remediation.
Shares of NextDC, Australia's largest listed data centre developer, fell 40.2 per cent to an eight-year low of $5.48 in early trading on Wednesday. The company said community opposition led power operator Jemena to suspend electricity grid work at its M3 data centre in West Footscray. Jemena has told NextDC it does not intend to resume work before February. NextDC has removed the affected M3 contracts from its 2026/27 earnings guidance and plans to cut capital expenditure by $750 million.
House prices in Hobsons Bay dropped sharply over the September quarter, according to Real Estate Institute of Victoria data. Williamstown led the fall, with average prices down 24.8 per cent to $1.3 million, their lowest since the Covid-19 pandemic. Newport fell 13.4 per cent to $1.1 million, and Altona dropped 10 per cent to the same average. Seaholme and Altona North were the only suburbs to record noticeable rises, of 9.8 and 8.1 per cent. Seaholme now matches Williamstown as the highest-priced suburb in the inner west.
A strip of green space in West Footscray will no longer be used for construction on the Melbourne Airport Rail project, following a community campaign. Residents of Rupert Street Community had opposed its use as a construction laydown area, warning that trees and a buffer from the rail corridor could be lost. Spokesperson Julie Nunn said the group supported the project but questioned the need for tree removal. The project's spokesperson said the program had been altered to avoid using the land. Safety fencing will still be needed near First Street for three weeks to protect trees.
Clubs using Hansen Reserve in West Footscray have voiced anger after Maribyrnong council again deferred funding for a new pavilion. The decision was announced in an update to the reserve's master plan on 1 October. Temporary structures will now be installed in March next year, not November. Yarraville Club Cricket Club president Darren Cain said the lack of private toilets and women's changerooms makes it hard to attract female cricketers. Mayor Mohamed Semra said the pavilion remains a priority but budget constraints mean it must wait.
Nearly two thirds of Melbourne home sellers who went to auction last week sold, despite having to reveal their reserve prices early. Greater Melbourne recorded a preliminary clearance rate of 60.1% from 539 auctions, according to realestate.com.au. A three-bedroom townhouse in Reservoir sold for $831,000 after attracting five registered bidders, with a young couple buying their first home. The agent lowered the reserve after buyer feedback and then agreed to $795,000 with the owners. Nationally, the preliminary clearance rate was 41.5% from 1,593 homes scheduled for auction.
Ten-year-old Brandon Winkworth raised $500 for Bread Hub Victoria after his school charity choice was not selected. The charity matched the amount, doubling it to $1000. The money will fund vouchers for disadvantaged people in Hobsons Bay and Wyndham to use swimming and gym facilities at Laverton Community Hub and Bayfit. Laverton Community Integrated Services chief executive Michael Pernar praised the boy's efforts. Hobsons Bay mayor Diana Grima said the youngster's hard work was an inspiration. Brandon said he is proud of what he achieved.
Melbourne student Aparjot, 21, has self-published her first novel, When We Were Souls, while studying cybersecurity and working part-time. The 376-page story follows two people who meet, fall in love and face the reality that some connections do not last. It is structured around seven Sufi stages of love, reflecting the Punjabi poetry she has written since childhood. Aparjot funded the book herself, designing the cover and editing the manuscript with help from friends. She is now preparing a second book, Ibadat, due in January 2027, which will draw on her Punjabi poems.
A Melbourne couple has moved into a new home that cost $80,000 less than they planned to spend. Jeyakaran Karnan and Shree Harini Vinothkumar chose a $720,000 house-and-land package in Clyde North after finding auctions stressful. They built at the Orana estate, where they hoped their son Yaalan could grow up among other young families. The couple used the federal 5 per cent deposit scheme, which reduced their deposit to $36,000. Construction took about four months, with the keys arriving roughly 10 months after they signed up.
A contract has been awarded to remove boom gates at two inner-west Melbourne level crossings. The alliance of Acciona, WSP, Metro Trains Melbourne and VIDA Rail will carry out work at Anderson Street in Yarraville and Hudsons Road in Spotswood. The state government says the Anderson Street crossing has seen one fatality and four serious injuries since 2006. The Yarraville project will close the western part of Anderson Street to traffic, create a pedestrian plaza and add parking. Construction starts next year, with completion due in 2029. The Hudsons Road crossing is expected to be removed by 2028.
Vandals destroyed 28 newly planted trees at Cyril Curtain Reserve in Williamstown last month, causing more than $10,000 in damage. Hobsons Bay council says the cost, including replacements, will exceed $12,000. The trees were destroyed in two separate incidents in September and were among 51 advanced coastal banksias planted behind the Williamstown Cricket Ground. The incident has been reported to police. Mayor Diana Grima said the loss of years of growth was disappointing, and the council hopes education will prevent future incidents.
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Kerry Janten has announced she will contest the St Albans seat as an independent. She says she is dissatisfied with the party system and wants the freedom to address electorate issues without following a party line. Her policy focus includes state debt, cost of living, transport, environment and disability access. Ms Janten will hold a campaign launch on Friday 30 October from 6pm to 9pm at the St Albans Community Centre. She says she wants to hear from a broad range of residents, including homeless people and those whose first language is not English.
Transport Victoria has confirmed the final design for intersection upgrades along Sunshine Avenue in Taylors Lakes. Construction is expected to begin in 2027. Two roundabouts at Melton Highway and Old Calder Highway will be replaced with signalised intersections, with additional lanes and new signalised pedestrian crossings. New walking and cycling paths and street lighting will also be built. A bus stop on the northern side of Melton Highway will move to the eastern side of Sunshine Avenue.
Victoria will add 11 AI-powered cameras to its bushfire detection network across the state's east and west. The $3.8 million project is jointly funded by the Victorian Government, Hancock Victorian Plantations and the Green Triangle Fire Alliance. The cameras use artificial intelligence to scan for smoke and fire around the clock, and the expanded network is expected to monitor more than 1.4 million hectares. The new cameras are scheduled to be in place by November 2027. Minister for Emergency Services Paul Edbrooke said early information would help emergency services respond more quickly.
Ken Bodinnar, a 73-year-old former State Emergency Service worker from Paynesville, is fighting to have his workers' compensation claim recognised. His doctors believe his small-cell lung cancer resulted from years of service, including the Black Saturday fires. The insurer rejected the claim, and a medical report later found his exposure to firefighting smoke and diesel fumes was a significant contributing factor. The dispute will go to trial in November. Mr Bodinnar is in intensive care in Geelong and hopes the claim will support his family.
A 62-year-old man from Caroline Springs has been charged after an alleged incident in a change room at the Brimbank Aquatic and Wellness Centre on Sunday 25 October. Police allege he used a recording device to film several people in a change room cubicle around 11.10am. He faces charges of producing child abuse material and producing intimate images. Brimbank council says it has terminated his membership and banned him from all council leisure centres. He is bailed to appear before Sunshine Magistrates' Court on 23 March 2027.
Authorities have shut 100 shops under newly granted powers aimed at stamping out the trade in illegal tobacco. Since those powers took effect on 9 September, the VIPER Taskforce and Tobacco Licensing Victoria officers have confiscated over four million unlawful cigarettes, roughly 70,000 vaping devices, three tonnes of leaf tobacco and close to $1 million in cash. The drive is directed at criminal networks that profit from the illicit product, including groups run from overseas. Retailers across a string of Melbourne suburbs have been inspected, and the operation is still underway.
Jockey Craig Williams will ride James J Braddock in this year's Melbourne Cup, despite not having ridden the four-year-old yet. The horse is trained by Joseph O'Brien, who is seeking further Cup success after previous wins with Rekindling and Twilight Payment. Williams won the 2019 Cup with Vow And Declare. He said co-owner Ozzie Kheir pressed him to commit to the ride last month. Co-owner Kevin Blake said the horse has been bouncing since arriving at Werribee from Ireland last week.
Stonnington Council has adopted its 2025-2026 Annual Report, the first year of its Stonnington Tomorrow Council Plan. Council invested $40.32 million in local infrastructure and community assets, including upgrades to Prahran Market and Percy Treyvaud Reserve. Visitor spending in the city reached $2.82 billion, up 9.9 per cent on the previous year. Council planted 1,558 trees and 12,150 native and indigenous plants. Mayor Melina Sehr said Council remains focused on keeping its finances healthy over the long term despite rising costs.
Cyprus has signed contracts worth up to $1.8 billion with Italian energy provider Eni to develop the island's first commercial gas project. Production is slated for 2028, in partnership with France's TotalEnergies. The Cronos field is estimated to hold more than three trillion cubic feet of natural gas. Gas will be sent to Egypt for processing and liquefaction, then mainly exported to European markets. President Nikos Christodoulides called the deal a decisive step toward using the country's natural wealth.
