Aldi
National 

Aldi to Build 500 More Australian Stores

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AldiGERMAN supermarket giant Aldi plans to open about 500 new supermarkets on Australia’s east coast, bringing its national total to more than 700.

In Victoria, new supermarkets are earmarked for Abbotsford, Albury, Caroline Springs, Maryborough and Strathdale. By the end of the year, the state will have 75 Aldi supermarkets, up from 69 now. It’s been reported new stores are also earmarked for Geelong’s Newcomb, Hamilton, Horsham, Morwell, Preston, Sebastapol, Swan Hill and Warragul.

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Victoria 

Value of Commercial Property Sold May Not Surpass 2006 Record

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The value of commercial property sold in metropolitan Melbourne for the first three quarters of the year has slumped by 25 per cent, compared to the same period last year, as the prospect of future rental growth, and a lack of alternative investment options, has convinced many property owners to hold onto their assets.

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