Commercial and residential property news
Housing shortages are set to worsen this financial year, putting further pressure on first home buyer affordability, with a new HIA report showing Victoria will be more than 6000 short of the homes needed to sustain its growing population in 2008-09.
Read moreDirectors of VicLand Property Group had every reason to party last weekend at the launch of South Yarra’s White Charlie nightclub with cricketers Shane Warne, Michael Clarke and 500 other guests.
Read moreThe number of international students moving to Melbourne may start decelerating over the next few years, but the booming student accommodation market still has some way to go, with Melbourne’s biggest "off-campus" student home placement group saying the supply of apartments has not kept up with demand for more than 10 years.
Read moreMelbourne has been chosen over other capital cities for a 15-hectare training and storage facility for the Federal Government.
Read moreThe grand Toorak mansion where Dame Nellie Melba performed intimate concerts is on the market and could fetch more than $10 million.
Read moreProminent planning barrister Clem Newton-Brown says the window appears to be closing for new coastal developments following the Victorian Civil and Administrative Tribunal’s decision last week to refuse permits for dwellings on coastal land at Toora, in eastern Victoria.
Read moreAn East Melbourne former finishing school, used to transform 19th-century "ladettes" into ladies, is on the market.
Read moreThe former Kraft Foods factory in Broadmeadows has been subdivided as a business park – and is now being sold
Read moreLess than a year after prominent restaurateur John Che leased the former Bennigans restaurant and bar in Chapel Street to open his latest business, the building is up for sale.
Read morePeak petrol and poor consumer sentiment have not stopped Max Beck and Lindsay Fox from pushing ahead with plans to unveil an American-style "auto mall" this month at Essendon Airport.
Read moreThe Damgar Group is taking a punt on an untapped suburban office market, announcing plans for Creswick Malvern, a $24 million office building in Melbourne’s south-east.
Read moreThe Church of Scientology is close to selling its Russell Street headquarters, as it prepares to leave the CBD.
Read moreGetting into the Port Melbourne spirit this week is the Rutherglen Wine and Spirit Company, which has pre-committed to a 4140-square-metre office warehouse building at Sarchi Property Development’s Lorimer Business Park, opposite Pier 35.
Read moreReal Estate Institute of Victoria board member David O’Callaghan has resigned, saying he has no confidence in the group’s leaders, Enzo Raimondo and Neil Laws.
Read moreThe tallest residential building outside inner-city Melbourne may be developed on South Yarra’s old Fun Factory site, under plans lodged by the site’s joint-venture owners.
Read moreAnother week, another sale … that’s the only way to describe sales activity in the popular Bennetts Lane Jazz Club precinct, at the north-eastern tip of the CBD.
Read moreThis year is fast shaping up to be the year of the iconic restaurant sale, with yet another high-profile venue coming to the market, this time in Albert Park.
Read moreSoft drink magnate turned property developer Harry Stamoulis has sold the Preston office and warehouse building his father built, occupied and used to build his soft drink empire in the 1980s.
Read morePlans for Melbourne’s first Apple superstore at South Yarra may have fallen through. Sources say APN Property Group, which owns
Read moreOnce, $500,000 bought a house in most suburbs but that was before last year’s boom that caught everyone by surprise. With prices cooling, we look at what it buys in the city, coast and country.
Read moreAfter more than three years on the market, South Yarra’s unique Saint Cloud mansion has been withdrawn from sale. The prominent semi-circle home at the end of Kensington Road sits on one of South Yarra’s biggest blocks and has views over the Yarra River to the CBD.
Read moreSalta has unveiled an East Melbourne residential complex for those spooked by the $1m entry price at its 150 Clarendon
Read moreThe managing director of education-based business the Holmes Group, Gaye Dixon, is paying entrepreneur Susan Alberti $12 million for a
Read moreThe developer that retrofitted a 20-year old South Melbourne building into Australia’s greenest refurbished office is turning its hand to the eastern suburbs.
Read moreThe waterfront Williamstown home owned by restaurateurs Philip and Marilyn Elg may have set a record for land rates west
Read moreGeelong business identity Frank Costa has swooped on a Point Cook residential development site, in one of a swag of recent sales in the western bayside suburb.
Read morePart of South Yarra’s Jam Factory may be demolished to make way for a modern village of high-rise offices, apartment towers, shops and cinemas under plans to reposition the shopping centre.
Read moreThe artist behind the Golden City exhibition is going bush. Salvatore Trigila, known for his drawings of significant Melbourne buildings, and
Read morePBL MEDIA has delivered a shock to the property market, announcing it has withdrawn from sale its Melbourne and Sydney television studios.
Read moreAustralian Competition and Consumer Commission chairman Graeme Samuel has offloaded his Heyington Place apartment to an as-yet-undisclosed private investor.
Read moreVictorian developer Michael Vickers-Willis has announced plans for Geelong’s first high-rise apartment building at 65 Mercer Street.
Read moreDesigner Bettina Liano has paid $4.5 million for a South Yarra home with 18 metres of Como Park frontage. In
Read moreDeal Corporation is expected to reap about $20 million for the office component of its recently completed, $80 million Era development in Richmond.
Read moreIt took Paul McNamee a few years to ace it, but he finally got his hands on one of Malvern’s most prominent homes.
Read moreProminent selling agent Joseph Carbone and middleweight agency Gross Waddell have separated after 12 years.
Read morePerth-based property group the Satterley Group has swooped on a 43-hectare residential development site in Melbourne’s Plenty Valley corridor.
Read moreDrapac will sell two of its most prominent Melbourne CBD sites, in deals expected to reap around $60 million. The
Read moreThe bluestone Ormond Hall in St Kilda Road, home to Victoria’s first Belgian Beer Cafe, will become a boutique hotel, under plans by Stockland, the site’s new owner.
Read moreThe Pipeworks Fun Market in Melbourne’s northern suburbs will be retained by owner Gersh Investment Partners, which will dream up a new future for the site with a joint-venture partner.
Read moreFor the third time in six years, the State Government’s decision to reassess the city’s controversial urban growth boundary (UGB) risks sending residential and commercial property values into a spin.
Read moreBendigo’s population has reached 100,000 people, and the value of its rateable properties has topped $12 billion, in what is a glowing report card for the provincial town.
Read moreThe iconic RAAF Association Building in South Yarra, famous for a huge propeller suspended from its exterior wall, is no longer.
Read moreThe Uniting Church of Australia is the latest religious denomination to cash in on the property boom.
Read moreAFL Hall of Fame inductee Gerard Healy has purchased a house on the Brighton road locals dub “millionaires’ row”. The
Read moreThe City of Kingston can expect to pocket about $1 million from the sale of a disused car park at Carrum beach, about 33 kilometres south-east of Melbourne.
Read moreVictoria’s oldest motel, the Oakleigh Motel, is for sale and expected to fetch up to $4.4 million as an investment or development site.
Read moreRecently rebranded developer and fund manager Brookfield Multiplex and one of the biggest owners of real estate in the state, VicTrack (VRT), will work together for at least the next few years to manage and develop VRT’s extensive property portfolio.
Read moreThe demand for fixed rate loans among Victorian borrowers fell to 21% of all approvals, its lowest level in over two years, the April 2008 Mortgage Choice housing loan approval data revealed.
Read moreMelbourne Markets Relocation Project Overview
Project Overview
Melbourne’s wholesale fruit and vegetable market is to be relocated to a new site in Cooper Street, Epping, in Melbourne’s north, and redeveloped into a modern, innovative and efficient fresh produce trading and distribution precinct.
Read moreHIA congratulates JG King Homes on the HIA GreenSmart accreditation of 6 display homes at Aurora in North Epping.
Read moreTelstra has temporarily abandoned its controversial plan to build a 40,000-square-metre office building in the outer south-eastern suburb of Clayton.
Read moreVicUrban’s Jackson’s Hill housing estate, in the outer north-western township of Sunbury, was the only Victorian winner at the Property Council of Australia’s third national Innovation Excellence Awards.
Read moreFour years after it began negotiating to buy the site, developer Stockland is about to start construction of its $560 million Tooronga Village redevelopment at the corner of Toorak and Tooronga roads, Glen Iris.
Read moreYet another office building in St Kilda Road has changed hands, this time to an Indonesian-born, West Australian-based private investor.
Read moreA co-owner of champion race horse Doriemus has will sell a resort-style estate at Melbourne’s north east Yarrambat, in place
Read moreColliers International has opened an office in Albania, saying the country’s push to a free market economy is resulting in a property development boom.
Read moreThe second stage of Mirvac’s River development in Docklands is another sell-out, with 18 riverfront terraces and home offices snapped up in less than a week. The most expensive townhouse sold for $5.53 million.
Read moreIt buys "headache" redevelopment sites in prime retail location, fancies them up – and leases them at a premium.
Read moreAdministrators for failed investment company Chartwell Enterprises are believed to have blocked the sale of co-director Ian Rau’s prominent Geelong home, with an advertisement published in the local paper saying the scheduled auction had been cancelled.
Read moreGross Waddell Pty Ltd successfully sold at auction last Friday, 89 Koornang Road, Carnegie for $2.535 million representing a yield of 6.9%.
Read moreA mystery buyer who smashed the record price for a house in Canterbury is a Chinese property developer who may not stay longer than a few years.
Read moreThe former Stork Hotel, on 1030 square metres, with the neighbouring Backpacker Auto Sales building, sold on Thursday for $11.8
Read moreIris Lustig-Moar, one of the richest women in property development, has sold an 11-level South Melbourne office building developed by her famous father almost 40 years ago.
Read moreConstruction of the $300 million Lacrosse Docklands precinct will start in August, after developer Pan Urban confirmed almost half the project has sold to private investors.
Read moreA 66-apartment complex in Melbourne’s west is attracting serious buyer interest.
Read moreCrown Casino has made the unusual decision to offload one of its Southbank assets, almost 10 years after buying it.
Read moreThe HIA-CBA First Home Buyer Affordability Index fell by 4.5 per cent in Melbourne over the March 2008 quarter. The index was down by 2.2 per cent in Regional Victoria.
Read moreThe Housing Industry Association has made some initial observations on the policies contained within the State Government’s response to the Melbourne 2030 Audit, Planning for all of Melbourne.
Read moreA new sporting superstore sell-ing everything from golf balls to cylindrical padding for football oval boundary lines could be up and running in Brunswick by Christmas.
Read moreThe Minogue family will market its French Island retreat in two parts after unsuccessful attempts to sell the 90-hectare estate
Read moreMaple tree-lined boulevard opposite the river? Or a parade with palms, across the road from the bay? That is a
Read moreThe wife of Crazy John’s founder John Ilhan, Patricia, has sold the company’s Southbank headquarters to a residential developer.
Read moreA deveopment company part-owned by shopping centre owner Daniel Besen is believed to have snapped up the Olive Tree Shopping Centre in Lilydale, in a deal worth close to $11 million.
Read moreSuper-stylish developer Fridcorp is doing its bit to save Beaconsfield Parade from looking like the Gold Coast.
Read moreAward winning advertising photographer Lynton Crabb is selling his art deco apartment in Elwood’s Golden Mile.
Read moreIt might not look like a record holder, but the McGrath Electrical retail shop at 26 Chapel Street is the most expensive property in Windsor.
Read moreTwo massive older-style apartment blocks, being part of the estate of the late Peter Thomas Rand, sold at auction this week for $14.04 million.
Read moreGE Real Estate is believed to have withdrawn from sale an office building at 333 Exhibition Street, at the north-eastern tip of the CBD.
Read moreSteve Vizard is understood to have given up plans of buying a new home, and is undertaking a massive renovation at his existing home and office at St Kilda.
Read moreFilm and television executive Ted Gregory has paid more than $1 million for a luxury Port Melbourne apartment.
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