Insurance multi-squillionaire John McMurrick has made a nifty $1 million profit, selling a B-grade riverfront property he held for just six months.

Prospective buyers of waterfront homes are in luck – with luxury properties in all directions of the CBD recently being listed for sale.

The penthouse in what is believed to be Southbank’s first high rise apartment complex near Crown Casino, has been put to the market.

North of the Yarra River, blue ribbon real estate doesn’t come much more exclusive than Leslie Road and Riverview Road in Essendon. So when a house at the corner of these tree lined boulevards becomes available - it’s the talk of the town in bomber land.