A SEVEN-bedroom, eight-bathroom Toorak mansion has fetched about $15 million.

RESIDENTS of the north-eastern suburb of Doreen are ready to mount Supreme Court action against developer Delfin Lend Lease.

With rental vacancy rates at an all time low in Sydney, Adelaide and Perth and new property development stagnant in many areas, there is a critical need for investors to return to the market to meet pent up demand.

Japan’s largest fund manager, daVinci Advisers, is believed to made its biggest foray into the Australian property market paying around $100 million for part of the Foundry development on Bourke Street.