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Mega landlord warns some investors ‘will be wiped out’ in budget changes

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Mega landlord warns some investors ‘will be wiped out’ in budget changes
Eddie said his mum was ‘happy’ the old family home was back in the family. (Source: Facebook)

Eddie Dilleen is one of Australia’s biggest residential landlords. He reckons he now has 200 properties in his portfolio.

But he just bought perhaps his favourite house yet. More than 25 years after his parents divorced and sold the family home for $97,000, he has purchased it back for a bit under $1 million.

“I just bought it sight unseen,” he told Yahoo Finance.

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Dilleen said he has spent the past decade periodically checking if the house had returned to market.

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“You can set reminders and stuff like that, but when I was on my phone messing around, I would randomly check it literally every one or two weeks for the past 12 years.”

His parents first bought the home in the far western suburbs of Sydney in 1985 for $51,000. When he saw it listed, he felt “an overwhelming rush of excitement,” he said.

“This home holds some of my best memories… and some tough ones too. But today, it represents something completely different,” he wrote online, sharing a photo of himself next to the sold sign on Tuesday. “It’s proof that where you start doesn’t define where you finish.”

He ultimately bought it for 19 times what his parents paid for it 41 years ago.

“The affordable properties and suburbs, they usually grow at a higher percentage value. I’m all about percentages,” he told Yahoo Finance.

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“Everyone talks about the best, blue chip locations, but I buy everywhere.”

The real estate investor bought the house he once lived in as a small child this month. (Source: Instagram/dilleenpropertyau)
The real estate investor bought the house he once lived in as a small child this month. (Source: Instagram/dilleenpropertyau)

Dilleen, who is in his mid 30s and also runs a buyers agency and writes books about real estate investing, estimates the properties he owns are now collectively worth about $150 million (he likes to buy blocks that contain multiple units) with about $60 million in debt against that.

According to ATO data, he is about one of 166 mega landlords who own 20 or more rental properties in their own name. Dilleen said he owns “about 30 or 40” in his own name, and others through trust and company structures.

Landlords overly reliant on negative gearing ‘will be wiped out’

With less than two weeks until the Labor government hand downs its promised “ambitious” budget, property investors are bracing for possible changes to the rules around tax deductions related to investments.

One of the most commonly used is negative gearing, which allows landlords to claim losses to reduce the amount of income tax they pay. But its days could be numbered with the federal government expected to cap, or possibly even scrap, the existing policy under certain circumstances. While no announcements have actually been made, most observers expect such a change to be grandfathered in for existing investors.

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Dilleen says he “couldn’t care less” if the government does away with negative gearing because he tries to focus on purely “undervalued” assets that have good rental return, although he admits he takes advantage of it on some of his properties.

“Just some of my properties are negatively geared, but many of them are not,” he said.

“But it is a big thing for the average person that owns one or two properties.

“Average people, investors starting out that are just getting started buying properties, many of them rely on negative gearing, but that is a stupid strategy.”

Dilleen pointed to sections of the market, often inner city locations, where houses can cost $2-3 million but have relatively weak yield, or rental income, compared to the sale price.

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“That’s stupid, because if they are negatively gearing like a $3 million house, and then you’re getting $1,000 a week renting it out, they’re going to be in big trouble. They’re silly investors … they’re relying on negative gearing and a lot of them will get wiped out,” he said.

According to the latest figures from the ATO, about half of all investment properties are negatively geared.

There are 1.1 million negatively geared property investors, out of a total of 2.26 million. In terms of total stock, of the 3.2 million property interests held by individual taxpayers, 1.59 million or 49.4 per cent are negatively geared.

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Anne Arundel County Launches New Finance and Procurement Platform

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Anne Arundel County Launches New Finance and Procurement Platform

Anne Arundel County is preparing to launch a new finance and e-procurement system to modernize county operations and improve how businesses interact with local government.

The new platform, called Harbor, is scheduled to go live in July and will replace the County’s legacy procurement system with a centralized cloud-based platform built on Oracle Fusion Cloud.

County officials say the new system is designed to streamline procurement and financial processes while making it easier for both existing and prospective vendors to do business with the County.

From the press release: 

“Harbor is a much-needed upgrade that will streamline services for our county agencies and those who do business with the county,” said Anne Arundel County Chief Administrative Officer Christine Anderson.

The platform will serve as a single portal for supplier registration, bid opportunities, invoicing, payment tracking, and contract management, consolidating what had previously been spread across multiple systems. County leaders say the transition is part of a broader effort to modernize operations, improve efficiency, and lower barriers for businesses seeking to compete for county contracts.

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For counties, procurement modernization remains an important operational priority as local governments look to improve transparency, strengthen vendor engagement, and simplify access for businesses of all sizes. Anne Arundel County has encouraged interested suppliers to review training materials and registration information ahead of the July launch.

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Quadient Recognized as a Leader in the 2026 SPARK Matrix for Accounts Receivable Applications

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Quadient Recognized as a Leader in the 2026 SPARK Matrix for Accounts Receivable Applications
QUADIENT

Quadient demonstrates continued innovation in AI-driven invoice-to-cash automation and unified finance operations

Paris

Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announced today it has been recognized for the fifth consecutive year as a Leader in the 2026 SPARK Matrix™ for Accounts Receivable Applications by technology analyst and advisory firm QKS Group. Quadient strengthened its position in the report year-over-year, with a notable improvement in Technology Excellence, reflecting continued innovation in its AI-driven invoice-to-cash solution.

According to QKS Group, Quadient’s leadership position highlights its evolution into a comprehensive, AI-powered platform that delivers strong predictive accuracy and straight-through processing. The analyst firm also emphasized the capability of Quadient’s solutions to unify accounts receivable (AR) and accounts payable (AP), offering finance leaders greater visibility and insights into their business finances to make faster, better decisions on working capital management.

Earlier this month, Quadient announced the release of its new cash dashboard capability for AR and AP that allows finance teams to bring together traditionally siloed data in a single view. An AI assistant summarizes key metrics and provides analysis that helps finance leaders accelerate cash on hand, improve forecasting, reduce risk and uncover opportunities to optimize working capital.

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“Quadient has established a strong position in the 2026 Accounts Receivable Automation market through its focus on intelligent automation, cash flow optimization and integrated financial operations,” said Sanjeevi C R, associate vice president, Enterprise Research at QKS Group. “The platform’s evolution from predictive analytics to AI-driven autonomous collections execution represents a meaningful step forward in reducing manual effort across the invoice-to-cash cycle. What differentiates Quadient is its ability to combine collections management, cash application, and payment processing with a unified accounts receivable and accounts payable ecosystem, providing finance leaders with a more holistic view of working capital performance. By enabling greater automation, enhanced cash flow visibility, and more efficient receivables operations, Quadient continues to deliver measurable value for organizations seeking to modernize their financial processes and improve liquidity management.”

QKS Group highlighted the following key strengths for Quadient AR:

  • Autonomous AI capabilities that simplify accounts payable processes with greater clarity and keep invoices moving from capture to payment resolution;

  • A unified AR and AP platform, reducing silos and simplifying financial operations;

  • And advanced cash application that improves matching accuracy and minimizes manual reconciliation

“CFOs and their teams are facing more complex challenges than ever before. They need a trusted partner who offers cash flow management optimization solutions that deliver faster cash application, improved collections performance and enhanced AI-based forecasting,” said Lilac Schoenbeck, senior vice president for Digital solutions at Quadient. “This recognition as a Leader in the SPARK Matrix reflects how we’re helping customers transform finance operations end-to-end, automating time-consuming tasks, improving accuracy and freeing up resources to focus on strategic initiatives that drive business growth.”

For the complimentary report, visit: quadient.com.

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About Quadient
Quadient designs and builds human-centered, AI-driven automation solutions for business communications. Our software empowers hundreds of thousands of customers to create, deliver, and manage world-class communications with speed and ease. From financial automation and customer communications to mail and parcel management, Quadient reduces friction and waste so customers can focus on growth and customer connections. Quadient is listed on Euronext Paris (QDT) and part of the CAC® Mid & Small and CAC Technology indexes. Make room for the remarkable at quadient.com.

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Quadient
Joe Scolaro
+1 203-301-3673
j.scolaro@quadient.com  

Walker Sands
Kiley Ribordy
quadientpr@walkersands.com   

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G7 Recommits to Development, Investment Finance to Drive Shared Prosperity

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G7 Recommits to Development, Investment Finance to Drive Shared Prosperity
In a message of “convergence and unity in response to multiple crises,” the Group of 7 (G7) leaders from Canada, France, Germany, Italy, Japan, the UK, and the US, together with the EU, have agreed to foster mutually beneficial international partnerships.

The G7 Leaders’ Summit took place in Évia

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