National Union of Workers Buy 833 Bourke Street Docklands
The National Union of Workers is believed to have paid about $6.7 million for a Docklands office building at 833 Bourke Street.
Read moreHeritage Victoria Adds Dimmey’s Richmond Building to Heritage Register
Richmond’s Dimmeys store has been formally recognised as a Melbourne landmark.
Read more$150 Million Development Opposite Queen Victoria Market
A prominent development site opposite Queen Victoria Market will be developed into a $150 million mixed-use project including a hotel, apartments and shops.
Read moreUni buying Haymarket roundabout site
The City Ford dealership at the Haymarket roundabout, north of the city, is selling to the University of Melbourne. Sources
Read moreMajor Apartment Planned For The Stork Hotel Site, CBD
THE bright blue and yellow Stork Hotel on the south-east corner of Elizabeth and Therry streets will make way for a 61-level, 452-unit apartment project if a recent application lodged with the Melbourne City Council is approved.
Read moreDiana Baillieu’s $16 Million Toorak Home Sale Still Unsettled
State Opposition Leader Ted Baillieu and his siblings might still have one eye watching the prestige property market after the mystery buyer of the family’s $16million former Toorak home failed to settle on the property as scheduled in December.
Read moreIndigo Group Announces New Stage of Martha’s Cove, Safety Beach
Queensland-based developer Indigo Group has released new harbour-front apartments within the Martha Cove precinct of Safety Beach, about 55kilometres south of Melbourne.
Read moreParks Victoria Comes to the Market For Space
Parks Victoria – custodian of about 17 per cent of Victoria’s land mass – is looking to go green this year, when it will move from the 40-years-old 535 Bourke Street office building in the CBD.
Read moreProperty Lobbyists Propose State Funded Mezzanine Finance Arm With Premier Brumby
BANKERS, bureaucrats, developers, planners and unionists have held round table and private meetings with Premier John Brumby this week to discuss the viability of a state-funded mezzanine finance arm.
Read morePan Urban Starts Construction of Major A’Beckett Tower Building, Despite Economic Backdrop
In a hard hat and safety vest, The Monthly magazine publisher and property developer Morry Schwartz this week turned over the first stones, at the A’Beckett Tower development site, at the top end of the CBD.
Read moreRACV Pays $42 Million For Eagle House, Bourke Street
Motoring mutual the Royal Automobile Club of Victoria has paid $42 million for a 15-level office building, abutting its 501 Bourke Street headquarters.
Read moreHalf Quit As TAC Relocates From Melbourne to Geelong
About half of the Transport Accident Commission’s 700 employees quit their positions as a result of the State Government’s controversial decision to relocate the TAC head office from the Melbourne CBD to Geelong.
Read moreVictorian Building Approvals Fall 15 Per Cent For December 2008 Quarter, HIA
A small increase in Victorian building approvals for the month of December failed to halt the 15 per cent slide over the quarter.
Read moreOaks Hotels Secures Hotel Rights at Ubertas 568 St Kilda Road Rhapsody Development
Oaks Hotels & Resorts has secured the rights to 145 apartments at the new Rhapsody development, in St Kilda Road Melbourne.
Read moreDocklands Southern Star Oberservation Wheel Buckles After a Month
Docklands troublesome Southern Star Obersation Wheel has been closed indefinitely, a month after its delayed opening at Waterfront City.
Read moreSunland Group Unveils Bundoora Apartment Development, University Hill
Queensland-based developer Sunland Group, responsible for the luxurious Palazzo Versace hotel on the Gold Coast, and Yve building on St Kilda Road, has launched an apartment development at Bundoora, about 18 kilometres north of Melbourne.
Read moreNew Proposal For Mitcham High Rise Site
The controversial development dubbed the “Mitcham Monster” may be back, but wearing a much more discreet disguise.
Read moreUniting Church of Australia to Develop Major Office Building at Lonsdale Street Complex
THE UNITING Church of Australia will proceed with a controversial plan to build a high rise office building, within its Wesley Uniting Church complex in the city.
Read moreIndustrial Park Mooted For Prominent Ex-Government Site in Port Melbourne
A once-obscure, but now prominent industrial development site, which abuts a new West Gate Freeway on-ramp in Port Melbourne, will be developed into a major business park after it sold to a local private developer for more than $4 million.
Read morePaul Henley joins Knight Frank
After four years working with developer CGA Bryson, Paul Henley is returning to agency – with Knight Frank. The broker
Read moreVictorian’s Favour Variable Home Loans
When choosing a loan to finance a property purchase, Victorian borrowers are favouring variable rate loans, which now make up 90% of all loan approvals – the most of any state. Fixed rate loans remain well out of favour, representing less than 2% of all home loan approvals, according to Mortgage Choice loan data for December 2008.
Read moreTucks Ridge Vineyard For Sale
Austock Securities’ Peter Hollick is parting with another landmark property, this time in Red Hill South. The stockbroker has listed for sale the Tucks Ridge Vineyard, at 37Shoreham Road, in a deal expected to reap more than $2.5million.
Read moreHistoric Mt Martha home for sale again
One of Mount Martha’s most prominent houses is on the market again.
Read moreLindsay Fox’s Former Home For Rent
Phoenix Fairhaven, the prominent art-deco mansion that trucking magnate Lindsay Fox once called home, has come on to the market – as a rental.
Read moreTroubled Former Coburg High School Site Closer to Being Developed
More than a decade after its doors were shut to students, the former Coburg High School site in Melbourne’s northern suburbs is set to be redeveloped.
Read moreDelfin Lend Lease Sells Maribyrnong River Development Site
Delfin Lend Lease has sold a major residential development site on the banks of the Maribyrnong River, in Melbourne’s inner north-west.
Read moreAdvice if You’re Facing Redundancy With a Mortgage
Having viewed an obvious increase number of redundancies in Australia due to the current financial turmoil, Mortgage Choice expects there are many people who are wondering how they will cope with paying their mortgage without having a job.
Read moreSouthbank’s Newest Restaurant to be Shipped in
Pedestrians using the Southgate Footbridge this weekend may notice they are in the middle of a construction zone, when the shell of a new bar, is transported via barge and boat, to a unique “island site” beneath the bridge.
Read moreAustraland Wins UDIA Award For Torquay Project
A housing estate 90 minutes from town, has beaten several other estates closer to Melbourne, to win a major award for design excellence.
Read moreConstruction of A’Beckett Tower to Start Soon
The top end of the city will see a sleek new 33-level apartment building take shape from next year, after developer Pan Urban confirmed it will start construction of a 287-unit tower, just off Swanston Street.
Read moreHospitality Identity Damian Brown Appointed GM at Eynesbury Golf Course
Hospitality identity Damian Brown has been appointed as general manager for the Eynesbury Golf Course, the centrepiece of a major new housing estate and commercial centre, about 40 kilometres west of Melbourne.
Read moreMonash leases at Mulgrave’s UniPark
Monash University has leased a 2,174 square metres office at CGA Bryson’s Unipark estate, in Mulgrave. The school will also
Read moreBecton to Sell Abbotsford Office Park For $31 Million
Melbourne-based fund manager and developer Becton is believed to be formalising the sale of a prime riverfront office park and development site, opposite the Victoria Gardens Shopping Centre, in Abbotsford.
Read more350,000 Households Rescued From Mortgage Stress
Recent interest rate cuts have provided welcome relief for mortgage belts around Australia. In the vicinity of 350,000 households have been rescued from mortgage stress on account of rate cuts.
Read moreBP May be Second Tenant to Lease at 567 Collins Street
Petroleum giant BP may be the second major office tenant to lease space at an as-yet-unbuilt office building in Collins Street.
Read moreRMIT Fine Art Students Design Artwork For New Fitzroy Warehouse Complex
Some of history’s most memorable characters have been immortalised by RMIT Fine Art students, and form a major part of public gallery space at a new home-office development, at 49 Smith Street in Fitzroy.
Read moreClinton Casey to Sell Slice of Former Zeally Bay Caravan Park, Torquay
Former Richmond Football Club President Clinton Casey will sell the last remaining slice of the old Zeally Bay Caravan Park site in Torquay, after shelving plans to build a retirement community.
Read moreBaillieu St Georges Road Sale to Proceed, Agent Says
Speculation that the $16million sale of Diana Baillieu’s Toorak estate has fallen through has been dismissed by RT Edgar selling agent Warwick Anderson.
Read moreRMIT Fine Art Students Contribute to Fitzroy Warehouse Project
Some of history’s most memorable characters have been immortalised by RMIT fine art students, and form a major part of public gallery space at a new home-office development at 49 Smith Street in Fitzroy.
Read moreClinton Casey to Sell Remainder of Former Torquay Caravan Park
Former Richmond Football Club president Clinton Casey will sell the last remaining slice of the old Zeally Bay Caravan Park site in Torquay after shelving plans to build a retirement community.
Read moreLorne Shops Sell Before Auction
Consolidated Properties, a subsidiary of ASX-listed Trinity Group, has sold nine of 15 shops in the Victorian beach resort town of Lorne, in a week after the portfolio was put to the market.
Read moreInvestors Flock to Offices as Interest Rate Drops
Investors are steering clear of buying apartments, but recent sales suggest interest remains strong in commercial office suites.
Read moreRedevelopment of Kelly Brothers Market Garden Continues
Redevelopment of the former Kelly Brothers market gardens in Dandenong South is continuing, with 10 hectares of newly rezoned industrial land about to be sold to make way for factories.
Read moreMirvac May Sell Como For $200 Million
Beleaguered fund manager and developer Mirvac is believed to be formalising plans to sell its landmark Como building in South Yarra for about $200 million.
Read moreVictoria Almost 7,000 Homes Short
The HIA Victoria Outlook, the state’s most comprehensive report card on the residential sector, points to a rough short term outlook for residential construction.
Read moreHIA Welcomes New Planning Direction
The Housing Industry Association has welcomed the Victorian Government’s announcement today to extend the Urban Growth Boundary.
Read moreMelbourne’s Population to Hit 5 Million by 2036
Melbourne’s population is growing faster than expected, with government forecasting the city will need to accommodate an extra 1.8 million people by 2036.
Read moreEynesbury Estate Taking Shape in The West
Eynesbury – the “city meets country” housing estate being developed on farmland once owned by members of the Baillieu family, is taking shape west of Melbourne.
Read moreGlenneagles Homes Picks up Highest Accolade at Industry Award Night
Prestige builder Glenneagles Homes picked up the highest accolade at an industry award night, acknowledging Victorian designers, builders and building companies.
Read moreWhat is The Coburg Initiative (Coburg 2020 Initiative)
Coburg Activity Centre
The suburb of Coburg is approximately 8 kilometres north of the Melbourne Central Activities District on Sydney Road, the historic route from Melbourne to Sydney. The Coburg Activity Centre is a 42.5-hectare area within the suburb of Coburg. The activity centre is based around the Coburg town centre and the tram corridor along Sydney Road and has views to the Melbourne city skyline.
Read moreRavida Group Sells Penthouse at 333 Wattletree Road Malvern Development
The Ravida Group has reaped $2.05 million from the sale of the penthouse apartment at its latest Malvern project, 333 Wattletree Road.
Read moreElinora Mansion, Wheelers Hill, on the Market Again
One of Wheelers Hills most prominent home, Elinora, is on the market again.
Read moreSingles driving unit and apartment market
Singles of all ages; forming families of all configurations. Rich, poor. More Melburnians want to live alone, according to forecasters
Read moreOptus Moves Into Former Telstra Space, Bourke Street
Telecommunications retailer Optus has moved in on a prominent Bourke Street shop, recently vacated by Telstra.
Read moreMills Oakley Lawyers Leases Space at 530 Collins Street
General Property Trust has been delivered good news this week, with law firm Mills Oakley Lawyers leasing about 3,524 square metres – or more than 10 per cent – of ANZ Bank’s outgoing office space.
Read moreMyer Leases Space at QV
Myer has leased prominent retail space at a rival city shopping centre, while its own headquarters undergoes a massive renovation.
Read moreChurch of Scientology Cancels Auction
PROSPECTIVE purchasers and commercial real estate agents were left standing at the altar again this week, after the Church of Scientology abandoned the sale of its city headquarters, just hours before a scheduled auction.
Read moreKaisercraft Leases to Buy Its New Geelong Headquarters
Scrapbooking materials wholesaler Kaisercraft has taken advantage of flexible sale terms on offer at the moment, agreeing to lease a major Geelong industrial facility for two years – before buying it at a 2008-agreed price.
Read moreDeal Corp Announces New Apartment Building for Melbourne’s West End
It was arguably Melbourne’s most forgotten city block – at a dead end of town, dwarfed by a road and rail overpass, and inhabited mostly by backpackers.
Read moreJames Coppell Lee workshop, City, to be Sold
Private investor Dicky Herman will auction the former James Coppell Lee copper and metal alloys workshop at 500 La Trobe Street, near the corner of Spencer Street.
Read moreVictorian Government Announces Geelong Growth Area, Armstrong Creek
The Premier of Victoria and the Minister for Planning announced on the 25 November 2008 the approval of ‘Greater Geelong Planning Scheme Amendment C138 – Armstrong Creek Urban Growth Plan Framework’ and ‘Greater Geelong Planning Scheme Amendment C170 – Application of the Urban Growth Zone’ to all land currently zoned farming and located within the urban growth boundary.
Read moreEastlink to Give Away a Block of Land at Sandarra, Sandhurst
Every trip you take on EastLink between 25 November 2008 and 14 February 2009 could put you in the running to win the great Australian dream – a block of land valued at up to $170,000 in the new Sandarra housing project in the golfing suburb of Sandhurst.
Read moreThe Beach Hotel and Limerick Arms, Sell
An Albert Park hotel, sold with a long-term lease to the Collingwood Football Club, has sold for a price believed to be about $11 million.
Read moreCity of Bendigo Appeals to VCAT to Stop Shopping Centre Development
The City of Greater Bendigo will ask the Victorian Civil and Administrative Tribunal to reject a planning application for a $25 million shopping centre – because of the impact the development could have on other businesses in the provincial town.
Read moreVictoria Becomes Trillion Dollar State
Victoria has became a trillion dollar state, with official new data from the Valuer-General Victoria showing the value of private property has surged a staggering 26.9 per cent since 2006.
Read moreR.Corporation Starts Rebuilidng Willow Esky Site, North Melbourne
It was the home of esky manufacturer Willow for more than 100 years.
Read moreBabcock & Brown Communities Transaction Progress
Lend Lease Corporation Limited (“Lend Lease”) announced today that the proposed Babcock & Brown Communities (“BBC”) transaction has been amended since the announcement of the proposal on 1 October 2008, following due diligence and the completion of negotiations with the existing lending syndicate.
Read moreEddie McGuire sells Toorak family home
Former Nine chief executive Eddie McGuire has sold one of his two adjoining Dunraven Avenue, Toorak, homes. The Wayne Gillespie
Read moreNithsdale Brighton on the Market Again
The top end of the market will be tested again, with landmark Brighton mansion Nithsdale up for sale – a bit more than a year after it was last on the market.
Read moreDenistoun Park and Windsong Estates for sale on the Mornington Peninsula
The marketing executive that made undergarment clothing manufacturer Davenport a household name, is selling his family retreat in Red Hill South, as he prepares to move to a new family compound he is building in Shoreham.
Read moreFishy Pub on the Market, Near Wilsons Promontory
A prominent seaside hotel, away from Melbourne – but frequented often by Melburnians – is on the market.
Read moreFormer Cricketer Simon O’Donnell Sells East Malvern House
A "SOLD" sticker has finally appeared on the East Malvern house of former cricketeer-turned-racehorse owner and sports commentator, Simon O’Donnell.
Read morePlans Lodged to Develop Outgoing Headquarters of The Age
It is the beginning of the end for one of Melbourne’s biggest property eyesores. Redevelopment of The Age’s outgoing city headquarters could start as early as next year, after the Melbourne City Council confirmed it was reviewing an application for a large mixed-use village on the easternmost part of the property.
Read moreVicUrban Purchases Melbourne Land Parcel From Stockland For $34.6 Million
Stockland today announced the sale of a 108 hectare parcel of land adjoining its Highlands residential community in Melbourne to VicUrban, the Victorian Government’s urban development agency, for $34.6 million.
Read moreMacquarie Tenant Files for Bankruptcy
One of Macquarie DDR Trust’s (ASX:MDT) tenants, Circuit City Stores, Inc has announced it has filed a voluntary petition for reorganisation relief under Chapter 11 of the United States Bankruptcy Code.
Read moreLend Lease Provides Market Update
Lend Lease Corporation Limited (“Lend Lease”) confirmed today that its Net Operating Profit after tax expectation for FY09 is broadly in line with guidance the Company provided in August 2008. The Company also flagged that it is implementing a number of non-operating and primarily non-cash charges reflecting the impact the financial markets are having on property balance sheet carrying values.
Read moreMajor Marina Development Planned for Metung
Paynesville developer Riviera Properties is to develop a major marina in Metung, about 300 kilometres east of Melbourne, near Lakes Entrance. The project will include a major wet berth marina and resort day spa, and take advantage of views of Gippsland Lakes. A golf course, restaurant and bar is already part of the development.
Read moreFarm Near Avalon Airport to Fetch $5 Million
A farm abutting the Avalon Airport near Geelong is expected to reap its owner about $5 million, despite not being rezoned for immediate redevelopment.
Read moreDimmeys Richmond Ball and Tower Protected
The new owners of Richmond thrift store Dimmeys have supported a submission the landmark property be added to the Victorian Heritage Register, in a move that will protect the distinctive Swan Street building and its clock tower from inappropriate redevelopment.
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