Developers Doing it Tough
Melbourne housing shortage woes are likely to worsen unless middleweight residential developers are given a lifeline to get new construction off the ground, and soon.
Read moreRetail Construction Booms, But Retail Spending Slumps
Investors have abandoned retail assets this year in the face of slow retail spending, flattening rents and rising yields.
Read moreAuction Inaction For Melbourne
Could Melbourne be losing its reputed title as the auction capital of the world?
Read moreNew Dandenong High School to Open
An innovative high school redevelopment in Dandenong will open to students from the end of the year.
Read moreDr Turf to Sell Watergrill
Author, bookie and former 3AW radio commentator John Rothfield, otherwise known as Dr Turf, may be selling his famous Watergrill restaurant site in South Yarra.
Read moreValad Property Group Buys Port Melbourne Supersite, Major Project Planned
It might have taken six months to co-ordinate, but Valad Property Group and joint-venture partner Pomeroy Pacific have carved themselves a super-sized development site with two street frontages in Port Melbourne.
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Landmark Blair Athol, Brighton, up For Sale
Former Tabcorp and Southcorp chief executive officer Ross Wilson will sell his landmark Brighton mansion, Blair Athol.
Read moreEG Funds Management Buys in Brunswick East, Apartments Expected
The cashed up EG Funds Management has swooped in on another Melbourne property, this time in East Brunswick.
Read morePlans for 38-Level Skyscraper in Box Hill
Melburnians will soon be able to spot Box Hill from a distance, if plans for a 38-level skyscraper get off the ground.
Read moreOwner Occupier Buys 179 Flinders Lane
An undisclosed owner occupier is understood to have outmuscled a swarm of investors to buy a heritage protected office building at 179 Flinders Lane.
Read moreAssociation of Independent Schools of Victoria Spends Up
The cashed-up Association of Independent Schools of Victoria is making a very educated property play – selling a property in a booming suburb, after buying a property in an up-and-coming precinct.
Read moreMelbourne’s best performing suburbs this year
This past year has seen median house prices slowing in most Melbourne suburbs – but some areas are bucking the trend.
Read moreToorak’s Historic Edzell Mansion to be Restored by New Owner
Toorak’s grand Edzell mansion in St Georges Road will be restored as a single residence, under plans by its new owner.
Read moreChurch of Scientology to Sell City Headquarters
The on again – off again campaign to sell the Church of Scientology Melbourne headquarters at 42 Russell Street is on again, and it’s public.
Read moreGandel and Colonial Open $140 Million Wing of Chadstone Shopping Centre
Nine years after the Australian Catholic University sold its 4.9 hectare Chadstone campus to the Gandel Group, the shopping centre owner will launch its new $140 million Chadstone Place retail and office wing.
Read moreING to open Southern Star Observation Wheel in November
Premier Brumby TODAY (Monday, 27 October 2008) set the wheels in motion when he announced the opening program for the most anticipated Australian tourism attraction in decades the Southern Star observation wheel.
Read moreManagement Changes at Gray Johnson Real Estate
Management and ownership changes have taken place at 94-year old commercial and industrial agency Grayjohnson with current director Matt Hoath and incoming partner Daniel Cusack purchasing the equity in the firm from Malcolm Gray.
Read moreIP Australia Leases 1200 Square Metres in Richmond
Federal government agency IP Australia will lease 1200 square metres at building 10/658 Church Street in Richmond.
Read moreFree Sustainable House Tour Next Month
You can find out by joining the Building Display Centre and City of Yarra’s free Sustainable House Tour on Sunday November 9th 2008. Participants will be able to talk to the home owners and the designers, see them “walk the talk”, and find out about the lows and unexpected highs of trying to reduce the carbon footprint of your house.
Read moreDrapac to Sell Two More City Mazda Sites
Having sold two slices of the former City Mazda site last week, Drapac will sell the biggest site in its five-lot subdivision and is expected to reap more than $15 million.
Read moreRedback Brewery Hotel to be Demolished and Rebuilt as Student Accommodation
North Melbourne’s iconic Redback Brewery Hotel will be demolished, and rebuilt as student apartments, if plans by the building’s owner are approved by council.
Read moreAshington unveils $150m Stonington Malvern redevelopment
Boutique builder Ashington has unveiled a $150 million redevelopment of the Glenferrie Road property it acquired from Deakin University two
Read moreTownhouses on Melbourne’s Most Expensive Western Suburb Street Sell
Three townhouses on the street often dubbed the most expensive west of the Yarra River, sold this week after being repossessed by Westpac bank.
Read moreJLL Agent Deals
It might have been corporate training that drove Jones Lang LaSalle city fringe office leasing manager Matt Collins to "deal" at Channel Seven’s "Deal-a-drome" recently. But in the end, he really shouldn’t have.
Read morePublicis Mojo May Move to Twenty8 Freshwater
Having snared a lucrative digital media contract with Telstra, advertising agency Publicis Mojo is believed to be looking for new offices.
Read moreBox Hill Office Vacancy Tumbles
Box Hill’s office leasing market has been bubbling, with Colliers International research showing vacancy is just 3.92% – a far cry from its 18% peak in 2004.
Read moreEddie McGuire spends close to $12m on Toorak home
The global financial crisis clearly hasn’t hurt everybody, with Channel Nine, er, executive Eddie McGuire forking out a speculated $11 million for a new Toorak palace.
Read moreGroove Train founders arrive at Collins St
The team behind the Groove Train chain will open a high end bistro at the uber green 500 Collins Street,
Read moreQBE to Sell City Building
Publicly listed QBE Insurance is expected to make more than $5 million from the sale of a Queen Street office it owner occupied.
Read moreVicTrack Investigating State II of $22 Million Kensington Project
One of the most important land owners in the State, VicTrack, has confirmed it is investigating the next stage of a major inner-city office warehouse development at the Kensington and North Melbourne border, about four kilometres from town.
Read moreBPM Announces $22 Million Brighton Apartment Project Near Brighton Bowling & Tennis Club Site
The building boom in the streets around the former Brighton Bowling & Tennis Club continues, with boutique builder BPM announcing plans for a $22 million, 24-unit apartment project at 30 Willansby Avenue.
Read moreBecton to Sell Beaumaris Pavilion Hotel, a Year After Buying it
Becton is hoping to break-even from the sale of a prime waterfront development site it fought dozens of developers to buy last year.
Read moreThe Well, Camberwell’s First and Only Enclosed Shopping Centre, Opens at Last
The opening of a tattoo parlour, high rise apartment building and enclosed shopping centre in Burke Road Camberwell this year, proves the bourgeoisies shopping strip is servicing a very different clientele than it did, even as little as a generation ago.
Read moreEG Property Group Buys Melbourne Nursing Home From Baptcare
Melbourne based investment company EG Property Group has paid $12.525 million for Canterbury’s former Hedley Sutton Retirement Home in Canterbury, for one of its unlisted wholesale property funds.
Read moreCamberwell Girls Grammar School Wins International Award, Old Junior School Now For Sale
Ormiston – the junior school campus of Camberwell Girls Grammar School – has beaten 103 international firms to win a design award at the Annual World Conference & Expo in San Diego this month.
Read moreValad Buys Bay Street Port Melbourne Site off Central Equity
Six weeks after reporting a $248million financial-year loss, the Valad Property Group is purchasing a prominent Port Melbourne development site for its fifth development fund.
Read moreKew Tops Survey as Best Performing Melbourne Suburb This Year, and Last Five Years
According to annualised figures published by the Real Estate Institute of Victoria, the leafy eastern suburb of Kew has topped the chart as Melbourne’s best performing suburb, reporting a 44.8 per cent increase in median house price to $1.495 million.
Read moreVicRoads Leases 850 Square Metres at Minogue Owned Hawthorn Office
The Minogue family will be watching with interest what becomes of a double-storey B-grade Hawthorn office building for sale across the road from an A-grade office they bought last year.
Read moreSecond Stage of $240 Million PANCH Hospital Project Unveiled
Melbourne’s newest and biggest multi-purpose accommodation facility was launched in Preston this month.
Read moreLittle Project Development Proposes New Future For Prominent South Yarra Data Centre
A development company affiliated with Toll Holdings managing director Paul Little says it is deciding a new future for a prominent but unattractive 11-level South Yarra office building it bought for $33 million in September last year.
Read moreResidents of Southbank’s Freshwater Place and Eureka Towers Can Breathe Easy, For Now
Residents at Southbank’s Freshwater Place and Eureka Towers can breathe easy.
Read moreSummerhill Shopping Centre, Reservoir, Sells For More than $18 Million
A shopping centre near La Trobe University in Melbourne’s north is believed to have sold for about $18.3 million.
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Rod Menzies sells Namarong for $9m
Armadale’s Namarong, in tree-lined Hampden Road, has sold for over $9 million. The home was listed in April after vendor,
Read moreBlackwood Downs Sells Altona Warehouse For $5.4 Million
An undeveloped and unleased industrial facility by the beach has sold to a private investor for $5.4 million.
Read moreMelbourne CBD Office Incentives to Rise
Melbourne office vacancy rates are the lowest on record at 3.1%, but incentive levels are believed to be increasing in anticipation of a surge in CBD offices next year.
Read moreValad Lodges Plans For Amcor Packaging Alphington Site
Almost a year after it paid Amcor Packaging $14 million for a prominent 16.5 hectare laboratory in Alphington, developer Valad Property Group has lodged plans for a controversial $28 million residential project.
Read more370 Docklands Drive Sale Dumped
The 370 Docklands Drive office building in Docklands has been withdrawn from sale due to a lack of interested buyers.
Read moreDalgety House, Bourke Street, Close to Sale For $40 Million
A major city office building could soon change hands, despite a turbulent month in commercial property.
Read moreRetail Rents Drop in the CBD, But Vacancy Still Low
Owners of city shops have weathered an influx of retail space added to the central business district market at the start of last year, with vacancy levels halving from almost 3% to 1.49% over 18 months.
Read moreEltham South mansion with manege for sale
Surgeon Angus Hamer – and nephew of prominent former State Liberal leader Sir Rupert Hamer – is selling a 3-hectare estate in Eltham South, after 25 years.
Read moreNSC Group Leases Space at Hallmarc Business Park, Southbank
Communications company NSC Group is the latest tenant to move closer to the CBD, leaving an office building at 23-27 Wellington Street, St Kilda, to lease a 500 sq m unit at the Hallmarc Business Park in Southbank.
Read moreGovernment to Develop New Standards for Residential and Commercial Buildings
Australia’s largest building industry association, the Housing Industry Association, is pleased the Victorian Government has embraced a consultative approach on working towards developing broader residential standards for new homes by 2010.
Read moreSound Proof Walls Open Freeway Development Opportunities
The architect behind an apartment and townhouse development which backs onto the Western Ring Road in Sunshine West expects the success of the project to drive a wave of inquiry from land owners, who may not have thought of development as an option.
Read moreStockland Leases Part of Reg Hunt Oakleigh Facility
Stockland is believed to have found a tenant for part of an Oakleigh warehouse facility it bought in 2006, as part of a $120 million industrial portfolio from former car dealer Reg Hunt.
Read moreTea House Building, Southbank, Sells. Boutique Hotel Proposed.
A consortium of five cashed-up, China-based investors are believed to have made their first foray into Australia’s property market, beating local and international developers for a prime city-fringe development site sold by the State Government.
Read moreJonathan Downey’s Match Bar Opens at QV, Melbourne
London-based "bar tsar" Jonathan Downey will open the doors of his sexy, sultry Match Bar this weekend, after a costly, lengthy and opulent fit-out.
Read moreMAB to Sell Retail Property on the Bourke Street Mall
An underutilised property on the doorstep of Bourke Street Mall, opposite the GPO, is expected to reap about $25 million for MAB Funds Management, which has decided to sell the asset after six years.
Read moreClayton Utz Goes Hunting Early For Premises
Law firm Clayton Utz has used a slow time in the office leasing market to issue a 10,000-square-metre requirement for new, environmentally sustainable city offices, once its lease at the prestigious 333 Collins Street expires in August 2012.
Read moreQuestions and Answers: Stevensons Road Closure (Brookland Greens, Cranbourne) from Casey Council
Can I stay at home?
Yes. No one can force you to relocate. It is a decision that every household must make for themselves based on the information that is available. If you do stay at home, there are things that you can do such as monitoring and ventilating your home on a regular basis.
Australian Unity Opens Victoria Grange Aged Care Facility
Minister for Ageing Justine Elliot MP officially opened Australian Unity’s $25 million Victoria Grange Aged Care facility in Wantirna South this week.
Read moreAnother High Rise Apartment for Doncaster Hill
More than a decade after the first major apartment buildings dotted suburban Doncaster’s skyline, high density developers are back, with Elgar 1, a new project proposed for a site near the corner of Doncaster and Elgar roads, near Blackburn Lexus.
Read moreGPT Revising, Not Reviving Melbourne Central Plans
Fund manager General Property Trust says it is revising, not reviving, six-year-old plans for a central business district office building next to its Melbourne Central Tower, despite admitting agents have been promoting the building to tenants.
Read moreStevensons Road Closed Landfill Update
The City of Casey’s primary focus continues to be the wellbeing of the community and ensuring that all neighbouring residents of the Stevensons Road closed landfill have the support and advice they need to manage their decision about whether they wish to stay in their homes or temporarily relocate.
Read moreBuckley Weighs Into Didak-Hall Debate, Should Collingwood Make Finals
Former Collingwood champion Nathan Buckley surprised the 80-strong crowd at the launch of Colliers International’s new eastern office in Clayton this week by commenting on some of the misadventures of his former teammates this year.
Read moreMAB Corporation and Dexus Property Group Distribute Awards
MAB Corporation and Dexus Property Group distributed awards to real estate agents this month.
Read moreState Government Provides Aide For Brookland Greens Estate, Cranbourne
The City of Casey has welcomed the State Government’s announcement of funding support to assist with providing additional monitoring devices and for immediate remediation work at residences affected by methane gas from the Stevensons Road closed landfill in Cranbourne, and to provide assistance to families affected.
Read moreDeveloper Peet & Co Response to Brookland Greens Gas Crisis, Cranbourne
Peet – the developer of Brookland Greens estate in Cranbourne – is preparing to meet the City of Casey for a full explanation of how the situation at the Council’s disused landfill site at Cranbourne could have escalated so rapidly.
Read moreBinks Ford to Sell ETA Foods Factory in Braybrook
Binks Ford can expect to make $4 million from the sale of the former ETA Foods factory in Braybrook, which it bought but never converted into a dealership.
Read moreJodhi Meares Lifestyle Collaborator For Clara, South Yarra Project
Television personality Jodhi Meares is part of the design team chosen to turn a former South Yarra rubbish dumping ground into a luxury village, with a focus on glamour and wellbeing.
Read moreDuck Duck Goose ducks into QV
The once-struggling QV shopping centre is almost fully-leased, with one of its biggest new tenants, posh restaurant Duck Duck Goose, set to open late next month.
Read moreRose Porteous Trades in Another Toorak Upgrade
Socialite Rose Porteous is selling the Irving Road house she downsized to 13 months ago, after undertaking a massive renovation.
Read moreMelbourne Tramway and Omnibus Company Building Sells
One of Bourke Street’s most historically significant properties, the former Melbourne Tramway and Omnibus Company Building at 673 Bourke Street, sold after auction this week for almost $8 million.
Read moreReece Plumbing Moves to Ex-Canon Headquarters, Tally Ho, East Burwood
Reece Plumbing has signed one of the biggest suburban office lease deals for the year, taking over the prominent Canon office building, on the corner of Springvale Road and Burwood Highway in East Burwood.
Read morePlus Architecture Designs New Southbank Building
Boutique designers Plus Architecture have released pictures of its new Wrap Southbank apartment building, to be developed at 133 – 139 City Road, near the corner of Southbank Boulevard.
Read moreBay Street Brighton Project Gets Green Light
Residents of North Brighton may find they are living in the middle of a construction zone later this year, when prominent local developer Gillon Group and Sydney-based listed property giant Abacus Property Group expect to start building a $38 million shopping centre and office building in Bay Street.
Read moreFirst Clearways Change to Help Keep Melbourne Moving
The first changes to clearway times on busy Melbourne roads will begin today, as part of the Brumby Government’s $113 million congestion plan, Keeping Melbourne Moving.
Read moreTed Baillieu Guest of Honour at Knight Frank Party
Despite selling his interest in the company eight years ago, Victorian Opposition Leader Ted Baillieu was the guest of honour at an event to celebrate Knight Frank’s 100th year at 360 Collins Street.
Read moreConstruction to Start Soon for Ascot Vale Chase
Construction could start as early as next year on the $250-million Ascot Chase community in Ascot Vale, about seven kilometres north-west of Melbourne.
Read moreSouth Yarra on the up
South Yarra developer and investor Michael Yates has paid about $7.5 million for a 1000-square-metre development site at 50-52 Claremont Street, abutting Melbourne High School.
Read moreDavid Craven Leaves Green Building Council for Woods Bagot
Architect Woods Bagot has poached former Green Building Council Victorian executive director David Craven to head its new sustainability division.
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