Dowling family sells Parap Tavern after 70 years to Charter Hall’s LWIP
Charter Hall managed Long WALE Investment Partnership (LWIP) is paying $19.7 million for a Darwin hotel owned for over 70
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Apartment developer buys office at bottom of Westgarth retail strip
Wilbow is speculated to have swooped on a low-rise office on Commercial 1 zoned land at the south east tip
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Coburg Hill Shopping Centre sells for $21.3m
APN Property Group has sold a Woolworths anchored retail investment in Melbourne’s north for $21.3 million. Coburg Hill Shopping Centre,
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Home buyer outbids developers for Brunswick East shop
For the second time in as many months, a private owner is intending to build one multi-level residence within the
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Ginger Recording Studios’ Cremorne base sold for $2.8 million
The outgoing Cremorne base of Ginger Recording Studios sold to an owner occupier with other property assets in the area
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Salta, Wolf Capital, unveil 14-storey apartment tower at the top of Hoddle Street
Construction of a second major apartment building at the top of Hoddle Street could begin shortly. Joint venture partners Salta
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Richter family property portfolio reaps $25.311 million
EXCLUSIVE Eight Melbourne investment properties offered by a consortium of three families, including the mother and uncle of prominent criminal
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Agents collect a further $11.7 million selling down the Richter family property portfolio
Postscript: the entire portfolio has now sold. Read our story about the results, here. The only commercial investment within an
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Richter family members reap $10.6 million selling first tranche of property portfolio
Postscript: the entire portfolio has now sold. Read our story about the results, here. Members of the Richter family today
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Melbourne portfolio of seven apartment blocks and a warehouse listed by consortium including members of the Richter family
The mother of prominent criminal lawyer Robert Richter QC is part of a syndicate which this week listed for sale
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Sydney investor pays $8 million for St Kilda’s Woolworths Metro
A Woolworths Metro convenience store at the foot of a modern apartment building, in St Kilda, has sold to a
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Zagame Corporation pays $55 million for Hawthorn office to create battle-axe shaped super-site
Robert and Victor Zagame Junior – who run the hospitality empire established in 1971 by their late father, Victor Zagame
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Coles lists Boronia retail assets worth $30 million-plus
Coles can expect to bank more than $30 million selling two neighbouring strata titled retail assets within the Boronia Mall,
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Mount Waverley restaurant leased to hospitality mogul Julien Moussi trades on 70th bid
A Mount Waverley café leased to high-profile operator Julien Moussi (pictured, top) sold at auction last month for $1.555 million.
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Block zoned for mid-rise tower listed in Brunswick East
A development site with the potential to make way for one of the tallest buildings in trendy Brunswick East is
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Scott Selwood turns developer with Geelong duplex proposal
Geelong midfielder Scott Selwood is the latest AFL sportsman to dabble in property development. The 29-year old is about to
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Southern Indoor Bowls Club lists Caulfield South home of 51-years
Postscript: this property sold in June, 2019. Read our story about it here. A year after it stopped accepting new
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Levi Greenwood boots South Melbourne terrace at last
Collingwood footballer Levi Greenwood has finally offloaded a South Melbourne renovation-rescue. The sportsman, who is studying to be a carpenter,
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Cherry Bar to farewell AC/DC Lane after 20 years
Ending a 20 year era, live music venue Cherry Bar will cease trading from its understated site in AC/DC Lane
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Investment bank Moelis buying Zagame pub portfolio for a speculated $270 million: sources
New York based investment bank Moelis is understood to be close to finalising an agreement worth a speculated $271 million
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Jewish Care Victoria sells redundant Melbourne nursing home
Jewish Care Victoria has sold a vacant nursing home in Melbourne’s Caulfield North for a speculated price of $10.8 million.
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Victorian Planning Minister Approves $271 Million Expansion of SP Ausnet Facility, Brunswick East
ONE of Brunswick East’s biggest developments will take place behind wire gates, after planning minister Matthew Guy approved a $271 million expansion of SP Ausnet’s Brunswick Terminal Station, at the T-intersection of Glenlyon Road and King Street.
The application for the site, which abuts the Merri Creek and is near the suburb border of Fitzroy North and Northcote, was to have been decided by the Victorian Civil and Administrative Tribunal after the Moreland City Council rejected the proposal last November.
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Melbourne Planning Landscape Changed Forever Because of Melbourne 2030 Policy
TWO disused bowling alleys, north and south of the Yarra River, give an indication of how fast planning attitudes have reformed, as architects, developers and planners maximised the former government’s redundant Melbourne @ 5 Million planning strategy.
In Mentone, some 21 kilometres south of the CBD, council has just rejected plans to replace the Mentone Bowl site with a 170-unit residential village topped by two towers of eight and 12 levels.
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Australian Residential Rental Vacancies on the up as Supply of Stock Surges
RENTAL vacancy levels increased last month according to SQM Research.
For the month, there were 6135 more residences listed for rent, bringing the total to 47,787 nationally. Last April the figure was around 37,000.
Melbourne had the highest rental vacancy rate at 2.6 per cent, according to SQM, while Canberra, the nation’s capital, had the lowest amount of rental stock: 0.6 per cent.
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Australian Residential Rents Tipped to Continue to Rise in 2011
RENTS for houses and apartments are expected to rise this year, as a result of accelerated economic activity, housing shortages and a depressed first home buyers market.
Australian Property Monitors, a property analyst, predicts a steep rise in rents this year, following what was a quarter of growth in March 2011.
According to APM, Sydney apartment rents have increased 7.1 per cent in the past twelve months, followed closely by Adelaide and Canberra.
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China Based Developers Flood Melbourne
CHINA-based developers are swarming to redevelop Melbourne residential projects, with 11 projects, yielding some 3000 flats on the cards.
Last month the Jiangxi-based Lyz Group paid the Deague family about $23 million for a major residential development site in Daly Street, South Yarra.
North of the city, Chinese developers are also behind a controversial redevelopment of the Northcote AMF Bowl Centre.
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Hong Kong Listed Developer Far East Consortium to Sell Controversial Melbourne Development Site
HONG Kong based developer Far East Consortium is selling a controversial development site, so that it can concentrate on another one.
Far East, which has been listed on the Hong Kong stock exchange since 1972, can expect about $6.25 million for the former AMF Bowling Centre at the north-east corner of Victoria Road and Separation Street in Northcote.
It paid Macquarie $5 million for the 4716 square metre site in early 2009, before pushing ahead with a major residential proposal.
Macquarie acquired the asset in 2004 when it paid AMF Bowling Centres $67.4 million for its Australian portfolio.
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Landmark Decision to Build 38-Level Apartment Building in Melbourne’s Suburbs
BOX Hill will be identifiable from almost all of Melbourne, after the Victorian Planning Minster Justin Madden “called in” a controversial 38-level tower, behind the Box Hill train station.
The tower would be the tallest outside of the CBD and St Kilda Road area, and is one of two projects called in by the Minister this month.
The other sped-through project is a $100 million homemaker centre in Springvale, in Melbourne’s south-east.
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Tips to Spruce Your Home Before Sale
HAVE you done all you can to maximise the potential of the home you are selling?
Agents say that buyers are so often excited at the prospect of buying a new house that they don’t invest the time doing little things for their existing homes, which could reap up to tens of thousands of dollars.
The Sunday Age talks to industry insiders about how to make your property stand out from the rest during the campaign and on sale day.
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Melbourne’s Most Reinvented Suburbs
ONE has to wonder what “great Australian dream” some Melburnians were being sold last century.
Until recently – the 1980s and 1990s for most inner-city areas – owning an inner-city terrace was not necessarily a big deal. More often than not, according to veteran agents, they were used as “stepping stone” investments that could be paid off in a few years and sold on the basis of being “more attractive than renting”.
Buyers – particularly immigrants from Italy and Greece – bought in Richmond, North Fitzroy or Northcote, in order to save a deposit to build new, larger homes in Avondale Heights, Glenroy or – if they invested well – Doncaster.
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