Victoria Has Australia’s Richest and Poorest Average Workers: ATO

SUBURBS in Victoria accommodate Australia’s wealthiest and poorest average workers.

According new Australian Taxation Office research, Portsea (pictured, right), about 90 minutes south of Melbourne, is home to the country’s highest earners in 2008-2009, up from third position a year earlier (those 2007-08 figures were released last year).

The average income for Portsea residents was $198,987 per annum.

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Guildford Bell Designed Mansion Hits the Market in Portsea

A SPECTACULARLY located, waterfront house, designed by the same architect that penned James and Erica Packer’s luxury home, in Sydney, has hit the market.

The Guildford Bell designed double-storey home, at 3840 Point Nepean Road, in Portsea, is expected to fetch about $6 million when it is auctioned at midday, on Sunday February 13.

Set on almost half an acre, and with its own beach walkway, the four bedroom house includes a four car garage, a private walled courtyard, and a petanque court. Kay & Burton Portsea’s Liz Jensen is the marketing agent.

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Apartments Within Portsea’s Delgany Estate Listed For Sale

A CONSORTIUM which retained a swag of apartments and townhouses built within the walls and around the garden of Portsea’s landmark Delgany estate, has put that portfolio on the market.

The distinctive limestone mansion on the non-beach side of Point Nepean Road was developed in 1923 by architect Harold Desbrowe Annear, as a holiday house for western district farmer Harold Armytage – whose other property included South Yarra’s Como mansion.

Delgany was converted into a luxury restaurant and hotel before being sold to developers for $10 million in 2003, who built flats within the historic home, and townhouses around the three hectare garden.

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Portsea Golf Club Resort a Step Closer After Club Sells Enough Sites to Fund Redevelopment

Portsea Golf ClubPLANS for a new $12 million clubhouse and hotel resort at the prestigious Portsea Golf Club have teed off, officially, after the Club successfully sold enough of its land to fund the new development.

Four of the five double blocks put to the market in February have now sold, with another two blocks now released for sale.

The Club is expected to bunker another $4 million from the remaining three blocks.

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Another Caravan Park Bites the Dust

WOOLWORTHS – which is a retailer as well as a developer nowadays – says it is “ready and raring to go” with plans to build a new shopping centre at Phillip Island, if Planning Panels Victoria, approves a proposed project, a decision which is expected to be announced shortly.

The new complex will be developed on the site of the Boomerang Caravan Park, in Cowes’s main retail strip, Thompson Avenue, and is about two blocks from the pier and beach – the supposed centre of activity, for the quiet hamlet renowned for its Penguin Parade.

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