Selling agents are still tight lipped about which white knight has saved one of South Yarra’s most significant homes from falling into private hands.

Prestigious eastern suburb college Mount Scopus is on the verge of selling a Caulfield North mansion and development site it had intended to use as a new school campus. Teska Carson selling agent Michael Ludski, who is marketing the property with Gross Waddell’s Michael Gross, says a decision is days away.

A suburb from each of the city, coast and country was represented in the list of Victorian suburbs, to record the strongest growth in property values last year.

Revenue generated by licensed pubs, hotels and entertainment venues following the introduction of indoor smoking bans has dropped between 6 to 8 per cent, in the first weeks following its July 1 introduction.

Melbourne socialite Rose Porteous has sold the second of her twin Toorak penthouses, just 18 months after buying them. The properties are just a few hundred metres from a site Rose is rumoured to be developing into a new home.

The much hyped sale process of Channel Nine’s Richmond studio is no closer to starting, with some industry players now saying it won’t be sold until next year.