Northcote’s Acacia on the Park Selling Out
Almost two thirds of the apartments in Northcote’s controversial Acacia on the Park development have sold, just three weeks after marketing for the project commenced.
Read moreQIC to expand Watergardens
Queensland based developer and listed property trust QIC has announced a $20 million expansion of its Watergardens Town Centre shopping centre, in the north-western suburb of Taylors Lakes.
Read moreDJ Dirty South buys Port Melbourne apartment
Grammy award nominated Melbourne artist DJ Dirty South has snapped up a Port Melbourne apartment. Dragan Raganovic, as he is
Read moreAustralia Post Branch in Coburg Sells For $1.112 Million
Gross Waddell Pty Ltd successfully sold at auction yesterday, the Australia Post outlet located at Unit 5, 435 – 437 Sydney Road, Coburg for $1,112,000.00 on a yield of 7%.
Read moreLonsdale Street Power Station Chimney Stack Comes Down
Melbourne’s city skyline changed forever this week, after demolition crews started dismantling the 55-year old Lonsdale Street power station “chimney stack”, ahead of a commercial office redevelopment.
Read moreAustexx to Retain South Wharf Office, Docklands, For Now
Developer Austexx has decided to retain ownership of a Docklands office building it is building on South Wharf Road, after a lengthy marketing campaign failed to fetch the speculated $160 million Austexx wanted for the asset.
Read moreValad Property Group to Pay $80 Million For 469 LaTrobe Street
Valad Property Group is believed to have paid around $80 million to buy the 469 LaTrobe Street office building in the Melbourne CBD, off Investa Property Group.
Read moreQuest Serviced Apartments to move to Docklands
Pan Urban and the Halim Group have entered into a Development Agreement with VicUrban to develop a $300 million mixed use building located on the North East Stadium Precinct, Docklands, to be known as Lacrosse Docklands.
Read moreFlood of B-Grade Office Buildings to Hit The Market
According to research from Colliers International, this year will be about reducing debt and realigning portfolios for some of Australia’s largest property institutions with exposure to the Melbourne CBD office sector.
Read moreFlinders Hotel Sold
Just how do you tell businessman John Elliott he can’t light a cigarette in your pub?
Read moreAward Winning Warehouse to go Under the Hammer
A Richmond warehouse designed by award winning architect Multiplicity is expected to sell for around $900,000 when it goes to auction next month.
Read moreYarra Valley retreat for sale
Christina Aguilera has been there. So have comedian Magda Szubanksi and sportsman Stuart MacGill. Rumour has it Justin Timberlake and
Read moreLeighton Adds to Suburban Strata Office Boom
Melbourne’s strata office building boom looks like continuing into 2008, with heavyweight developer Leighton Properties confirming it will start construction of a 4000 square metre building in south-eastern suburb of Cheltenham.
Read moreAustralian Unity Buys More Sites, Retirement Villages Planned
Australian Unity Retirement Living is continuing its push into the Victorian market, paying almost $50 million for two retirement village development sites in Melbourne’s outer south-eastern suburbs.
Read morePaul Kelly’s View Over The Bridge Changed Forever
Now, when Paul Kelly looks over the bridge to the MCG, he’ll see a Nylex clock – and high rise apartments.
Read moreMirvac Confirms Purchase of Austral Bricks Site, Scoresby for $100 million
In a move that indicates a significant growth strategy for Mirvac in 2008, the Mirvac Wholesale Residential Development Partnership (MWRDP) today announced it has acquired a key site in Scoresby, Melbourne, for approximately $100 million.
Read moreWhat is Melbourne 2030 – a Summary
Melbourne 2030 – planning for sustainable growth is a 30-year plan to manage growth and change across metropolitan Melbourne and the surrounding region. It emphasises the city’s interdependence with regional Victoria, to provide maximum benefit to the whole State.
Read moreCarlton United Beverages to Sell Property Around Abbotsford Brewery
Hot on the heels of its $208 million sale of Sydney’s Carlton & United Beverages brewery site to Singapore-based Fraser Properties in June, the Foster’s Group is about to put a portfolio of Melbourne inner city buildings on the market.
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Sam Newman sells in Brighton
Sam Newman sold his waterfront Brighton home after auction yesterday. JP Dixon managing director Jonathon Dixon wouldn’t confirm the price
Read moreMacquarie CountryWide Posts Record Annual Profit
The $5 billion Macquarie CountryWide Trust yesterday delivered a record annual profit of $493 million, up 59 per cent from last year. A distribution of 7.80 cents per ordinary unit will be paid today, for the half year ending 30 June 2007.
Read moreWorst House Best Street in Toorak
It was with some amusement Secret Agent read real estate agency Jellis Craig’s blurb for a ripe-for-demolition home in one of Toorak’s best streets.
Read moreTelstra Leases Former Oracle Office at 324 St Kilda Road
Telecommunications giant Telstra has swooped in on almost 8000 square metres of St Kilda Road office space, recently vacated by IT-group Oracle.
Read moreTed Baillieu Visits Knight Frank for Anniversary
State opposition leader Ted Baillieu was guest of honour to celebrate Knight Frank’s 99th year at Collins Wales House (360
Read moreLabelmakers Campbellfield Factory Leased
Two industrial tenants have moved into factories formerly occupied by Australia’s biggest wine label maker, Labelmakers.
Read moreDevine Limited Buys Residential Development Site in Tarneit
Queensland-based developer Devine Limited has paid $36.85 million for a 62-hectare residential development site in the south-western suburb of Tarneit.
Read moreMelbourne City Council to Sell Surf Dive n’ Ski Store in Bourke Street
Melbourne City Council may have found a way to retire some of its ballooning debt, confirming this week it would put a prime Bourke Street shop and office building on the market.
Read moreRussell Morris to Sell Balwyn Home
Former Hawthorn and St Kilda footballer Russell Morris is the latest AFL identity to bid farewell to the leafy eastern suburb of Balwyn.
Read morePaul Little Buys South Yarra Office Building
Proving that private investors haven’t been muscled out of the commercial property market by listed property developers, just yet, Toll Holdings managing director Paul Little is believed to have paid $33 million for a B-grade office building in a bustling pocket of South Yarra.
Read moreBrighton Property Prices Increase for Warne Family
Proving time has its rewards in Brighton’s real estate game is cricketer Shane Warne, and entertainer wife Simone.
Read moreGrocon Deals With Controversial Planning Controls
Planning controls have come under the spotlight again, after it was revealed this week developer Grocon will bypass public consultation over its redevelopment of a 2 hectare site on the CBD fringe.
Read moreWoodards, Bionics form partnership
Boutique real estate agency Woodards last week launched its partnership with the Bionic Ear Institute at a special function held at the Melbourne Cricket Ground.
Read moreMichael Buxton’s former Brighton home sells
A Brighton home once owned by property developer Michael Buxton has sold a week before auction. Four Kinane St is
Read moreGoodman Opens Hi-Tech Facility in Notting Hill
Goodman Group (“Goodman”) is pleased to announce Heidelberg Australia/New Zealand (HAN) have commenced occupancy at Ferntree Business Park, Notting Hill.
Read moreBaycrown to Develop East Doncaster Site
Residential developer Baycrown Pty Ltd has paid $2.55 million for a residential development site in East Doncaster with a permit for 38 residential apartments and 49 basement car spaces.
Read moreBroadmeadows Development Site Sells
JR and Sue Ellen were nowhere to be seen, but in Dallas, Melbourne this week, at least one private investor found himself filthy rich.
Read moreThe Future of Melbourne’s Northern Suburb Office Market
Melbourne businesses ambassadors including television personality Eddie McGuire and Crazy John founder John Ilhan will be guests at a luncheon next month, discussing the future of office accommodation in Melbourne’s northern suburbs.
Read moreMacmillan Press Building South Yarra to be Sold
Hot on the heels of the $33 million sale of ANZ’s Data Centre on Toorak Road, private developer Michael Yates is about to sell a part of his substantial South Yarra property portfolio, in a deal which could net him about $15 million.
Read morePlus Architecture Wins New York Contract
Boutique Melbourne-based architect firm Plus Architecture is about to make its mark on the big apple, winning a contract to design a cultural centre in New York.
Read moreWarranbine Mansion, Camberwell, Sells
The sprawling Camberwell mansion once connected to the prominent Baillieu family has sold, for a price believed to be around $3.1 million.
Read moreHawthorn Volkswagen Snapped up by Private Investor
It’s not unusual for Volkswagen dealers to see the odd millionaire walk through its showrooms. But few could have imagined the sheer net worth of investors “tyre kicking” its Hawthorn dealership, which was recently put to the market.
Read moreMAB Corporation Sells Floor of 999 Nepean Highway Office Building
MAB Corporation has sold an entire strata floor at its 999 Nepean Highway office building redevelopment for $3.575 million to an undisclosed private investor.
Read moreDocklands Building Wins 5-Star green Star Rating from Green Building Council of Australia
The Green Building Council of Australia this week accredited an unbuilt Docklands office building with a 5-star Green Star – Office Design rating.
Read moreLachlan Thompson Represents JLL International Rugby Tournament Asia
Commercial property agent Lachlan Thompson returned to Melbourne with a winner’s trophy earlier this month, after representing Jones Lang LaSalle at an international rugby tournament in Asia.
Read morePaul Lynch sells South Yarra restaurant
Paul Lynch sold his landmark South Yarra restaurant last week. The auction topped at $5.3 million. The 462 square metre
Read moreSouthgate Footbridge to Become Bar
Tens of thousands of city workers and residents who walk over the Southgate Footbridge everyday will soon have a place to stop in for a half-time break.
Read moreSailor Lou Abrahams Sells Brighton Luxury Apartments
Residents in the millionaires playground of St Ninians Court in Brighton will at last see what all the fuss is about at # 9, when veteran yachtsman turned property developer Lou Abrahams unveils his luxury apartment project.
Read moreOwners of Chapel Street Tokyo Tepanyaki to Sell Albert Park Home
The owners of Chapel Street dining institution Tokyo Tepanyaki, are selling a triple storey terrace home at 148 Beaconsfield Parade, Albert Park.
Read moreRetired Test Cricket Umpire Tony Crafter Sells Out of East Melbourne
Retired Australian Test cricket umpire Tony Crafter expects prospective buyers to be bowled over by his boutique apartment, in one of the city fringe’s most secluded pockets.
Read moreNew St Kilda Road Apartment Record
An undisclosed international business identity has paid a record $8.59 million for a luxury St Kilda Road apartment.
The sale price eclipses the $8.325 million record set by Wimbledon ace Lleyton Hewitt in 2005, for the Yve penthouse on levels 19 and 20, at 576 – 578 St Kilda Road.
Read moreTree Change for Australand Executive
A phone call to a Yarrawonga real estate agency earlier this year, inquiring about a price of waterfront land – has resulted in Australand executive Andrew Shell and wife Mandy committing to the biggest change of their lives.
Read morePrivate Investor Pays $13 million for CBD Retail Investment
Sale results for CBD retail assets continue to defy explanation, with a small arcade of shops, on a prominent corner diagonally opposite the State Library of Victoria, selling at auction for $13.05 million, more than $5 million over its reserve.
Read moreWestern Suburb Homemaker Centre Sells
A bulky goods centre at a busy Westgate Freeway offramp has sold to a local private investor, for a price understood to be more than $10 million.
Read moreReal Estate Institute of Victoria Excellence in Property Awards
Colliers International and Dixon Kestles won two of the highest accolades for a commercial agency at this year’s Real Estate Institute of Victoria Excellence Awards, held at Crown Casino on Thursday October 18.
Read moreSt Hilliers to Sell Coburg Industrial Asset
One of the country’s biggest private development companies, St Hilliers, is understood to have sold a large Coburg industrial asset for $11 million, as it continues to sell off properties in its Enhanced Property Fund No 2.
Read moreChampion Compressors Signs for Former Mistral Factory in Dandenong South
Champion Compressors has signed one of the biggest industrial lease deals in the south-eastern suburbs for the year, taking almost 11,000 square metres of space recently vacated by electrical manufacturer Mistral.
Read moreAnsett Office Opens as Residential and Retail Mecca
Six years after the famous collapse of Ansett – the airline’s substantial landholding at the northern tip of the CBD has been fully redeveloped into a residential, retail and entertainment mecca.
Read morePamela Anderson House Fails to Sell at Auction
Whether residents want to admit or not, St Kilda West’s most prominent home is not on Beaconsfield Parade. Nor is it on tree-lined Mary or Park Streets.
Read moreKador Group to Sell 312 St Kilda Road Office Building
Less than a month after securing ASX-listed healthcare operator Healthscope as a major tenant at its Gateway office building at 312 St Kilda Road, property owner Kador Group has put the asset on the market.
Read moreSwinburne University to Sell Property Around Hawthorn Campus
Tertiary institution Swinburne University has confirmed it will sell an office building and development site across the road from its Hawthorn campus.
Read moreMore Apartment Towers for Docklands
Lend Lease is the latest developer to announce plans for a new residential tower in Docklands, giving prospective buyers another apartment to add to their shopping list next year.
Read moreDandenong Ranges Mount Royal Manor for sale
One of the Dandenong Ranges most imposing homes was put to the market this week.
Mount Royal Manor, a 143 square mansion set on two hectares of manicured gardens at 1317 Burwood Highway, Upper Ferntree Gully, is expected to sell for around $6 million after an international marketing campaign.
Read moreHorse trainer wins Cox Plate, sells Malvern East home
It was a double dose of good news for trainer Colin Little yesterday, who on top of winning the Cox
Read moreNew Price Record Expected for Ormond
Insiders say a new price record is likely for the understated south-eastern suburb of Ormond later this month.
Read moreCathy Freeman May Rent Out Brighton Home She Just Bought
The fastest rumour doing the rounds this week is that Olympic runner Cathy Freeman will not move into the Brighton home she bought in September last year.
Read moreAdvertising boss sells Toorak mansion
Melbourne’s prestige residential market seems to be going from strength to strength, with the sale yesterday of 774 Orrong Road
Read moreToorak Estate of Art Collector Alex Copland Goes Under the Hammer
Collectors of fine art, and fine property, have a week until March 3 to inspect the Toorak mansion of art collector Alex Copland before it goes under the hammer.
Read moreNeighbours Actress Helps Sell Kew Home
Spectators at a recent twilight auction in Kew were treated to a bit of street theatre, with television actress Anne Scott Pendlebury (who played Aunt Hilary in Neighbours for more than ten years, and was also a star in Prisoner) dressing up in garb and greeting the crowd with cold drinks and stories, spoken in a plebian cockney accent.
Read moreGrollo family offloads more coastal real estate
The Grollo family is continuing to sell coastal Victorian assets, this time at St Andrews. Adam, son of Bruno, is
Read moreWhat Will Become of the Warne Brighton Property Portfolio?
All eyes turn to Brighton this week, and the matter of what King Shane and Queen Simone will do with their substantial property holdings, now that things appear to be on the mend in the Warne-Callaghan camp.
Read moreLack of Prestige Residential Rentals Volley Tennis Players to Hotels
The days of tennis players renting a luxury home for their stay at the Australian Open are all but gone, according to agents, because rich home owners simply don’t need the money.
Read moreBusiness Heavyweights Buy Into Sorrento Apartment Project
The most expensive apartments to be built on the Mornington Peninsula look unlikely to ever be offered to the public – with some of Melbourne’s biggest business identities flagging almost all of the units on offer, just weeks after the complex was given a permit.
Read moreBrighton record breaker no longer needs the beach house
Who needs for a getaway when your Melbourne home has all the luxuries of a resort and is on the
Read moreUnderworld figure’s Brunswick site for sale
A Brunswick development site once owned by fugitive drug dealer Tony Mokbel will be listed later this month. On Breese
Read moreMetricon beats Henley, Simonds, for top spot
Metricon has again finished the financial year as Victoria’s largest home builder, with 1,475 starts. Henley Properties followed (1,248), with
Read moreTV Personality Sells Milford Mansion in Kew
A Victorian couple has outbid two international parties for the landmark Milford mansion in Kew.
The Italianite mansion, built in the height of the 1850s gold rush, sold for in excess of $4 million after an international marketing campaign which saw five parties hotly contest the property to the very end.
Read moreFormer Labor Minister Sells Home in Thornbury
Former Labor party MP and the third women ever to be elected as a minister in the lower house Kay Setches, is selling the Edwardian terrace in Thornbury she’s called home for 7 years and preparing for a move to Docklands.
Read moreCathy Freeman Buys in Brighton, Sells in Kew
Agents have confirmed Cathy Freeman is the mystery buyer of a Roslyn Street Brighton mansion. The Olympic Gold medalist is said to have paid $2.2 million before auction, and will move in later this year.
Read moreWestern Bulldog Footballers Buy in Maidstone
The western suburb of Maidstone may soon have enough professional footballers to make a team, with Private Property learning four Western Bulldog players have bought into Essence, a new estate being developed by the Stockland group.
Read moreShane Warne’s Middle Crescent Brighton Home on the Market
Industry insiders have confirmed that Shane Warne’s Brighton home is being quietly marketed for sale. The news comes weeks after estranged wife and television identity Simone Callaghan started rebuilding a house she bought in nearby Albert Street earlier this year.
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