Good Guys boss Andrew Muir has put his East Melbourne mansion on the market, in a deal expected to set a new record for the bourgeoisies suburb.

With the spring selling season just around the corner, here’s a good tip for buyers.

Using a little trick many valuers, analysts and banks use – you can calculate an approximate sale price of a house, by working backwards according to how much rent it can return.

Sure to whet the appetite of stock starved investors, The Foundry development on Bourke Street is expected to be put to the market this week, in a deal which could reap vendor Donnelly Group around $140 million.

Budding Melbourne-based call centre operator SalesForce is understood to have leased the former Qantas office building at 50 Franklin Street, in an off-market deal negotiated between the building owner and tenant.