South Yarra Development Site Sells For $5.5 Million

John H Castran agent Grita Angelucci sold the 588 square metre site. The sale price reflects a rate of $53,365 per unit, or $9440 per square metres of land.

Earlier this week in Forrest Hill the City of Stonnington council approved a controversial 26-level apartment tower abutting Melbourne High School, proposed by local developer Michael Yates.

Apartments within that project, Yarra House, have been advertised for sale since late last year.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of