The record price for a Camberwell home could soon be broken – twice – with one of two properties recently hittingRead more
The Carlton terrace where Julian Assange founded WikiLeaks has been leased for $600 per week. Assange paid weekly rent ofRead more
The Carlton North home of late Royal Australian Institute of Architects gold medal award winner Peter Corrigan sold at auctionRead more
A WEST Melbourne office building near the north-west tip of the CBD sold to Singaporean developers this week for $41.5Read more
IT USED to be considered the dankest end of the Melbourne CBD – but now two former industrial sites opposite the Southern Cross train station are to make way for some ten swank skyscrapers accommodating some 5500 apartments.
Yesterday Victorian planning minister Matthew Guy approved an $800 million redevelopment of the former Age newspaper site at 250 Spencer Street.
The proposal – seen in ISPT’s 2012 annual report – seeks to add six skyscrapers and 2994 flats to the block which for years houses The Age newspaper.Read more
NINETEENTH century station Burrawang West in western New South Wales is for sale and expected to sell for about $8.5 million.
The historic property spread over 5000 hectares on the Lachlan River, about 450 kilometres west of Sydney, was once a wool production operation, in 1884 establishing a then-record for processing 5000 bales.Read more
INVESTMENT manager Challenger has offloaded a major St Kilda Road tower in an $80 million deal.
The 10-level, 20,000 square metre A-grade office at #417 (pictured, right) has been purchased by syndicate Newmark Property Group, headed by ex Lend Lease and Mirvac executive Chris Langford and Simon Morris, previously director of the Peninsula Development Group.
The sale price represents a high yield of about 9 per cent. For years known as the Mobil building, 417 St Kilda Road includes Oracle and the Red Cross as major tenants.Read more
AFTER some 25 years, the Western Australian state liberal government has approved laws allowing Sunday trading in Perth.
In a move expected to result in a wave of major new retail developments and refurbishments, Premier Colin Barnett, and the opposition, supported the legislation which replaces ad hoc rules that allowed only certain retailers to open.
Sunday trading was the subject of a failed referendum in 2005.
Melbourne-based Myer has been one of the first retailers to praise the move, adding the group would now “move more quickly to refurbish and expand operations in Perth”. The company has refurbished just one of its six Perth stores since 2006 but undertaking numerous major renovations of its east coast outlets since that time.Read more
US retail giant Costco – reportedly the world’s eighth largest retailer – is looking to enter the lucrative Australian petrol market.
Following in the footsteps of local rivals Woolworths, and the Wesfarmers backed Coles, Costco has applied to build service stations at as-yet-undeveloped stores in Sydney and Brisbane.
The retailer reportedly sold 8.7 billion litres of fuel at its 500+ US stores in 2010.Read more
TASMANIAN tourist attraction the Pub in the Paddock is for sale asking $800,000.
The pub, run by Anne Free and renowned for its beer drinking pigs, is in the state’s north-east.
Built as the St Columba Falls Road hotel in 1880, and licensed since 1901, the pub also includes six guest rooms which derive rental income of $75 per night. On three hectares with South George River frontage the property also includes a 100-seat restaurant. A set of pigs, famous for being welcomed in the pub for a drink, are included in the sale price.Read more