There may be hope yet for suburbs such as Doncaster, Avondale Heights or Rowville, which are exceptionally well located close to the city, but suffer a case of the “brick-veneer blues.”Read more
Morrell and Koren director Christopher Koren has again called on home buyers to report cases of underquoting to the Department of Justice if the practice is to be stopped. He said that in the two years since underquoting legislation amendments, only a handful of consumers have made claims.Read more
WT Retail India, a joint venture between Pelorus Property Group and Indian based development manager, Assetz Property, has been appointed to undertake the repositioning and ongoing management of the Garuda Mall. The Mall is a 26,000sqm multi level shopping centre in downtown Bangalore.Read more
We’ve all heard about the sea changers – the growing number of Melburnians packing up their homes and heading to a new life in the coast or country.
Singles, couples and families are leaving in droves – trading in the city’s caffeine infused impersonal lifestyle for something more inspiring.
But while the sea-changers pack up their four-wheel-drives in search of a new home outside of the metropolitan area, they are passing a growing number of city shifters – those from provincial Victoria that are also looking for a change of scenery, and are setting up tent right in the heart of the city.Read more
Visitors to the launch of the Era apartment project in Richmond’s southern tip of Cremorne this week, were treated to a history lesson by well known historian Dr Mimi Colligan.Read more
A home described by Melbourne University’s Professor of Architecture Philip Goad as one of the most important post war residential buildings in the country, can now be yours, for a short stay anyway.Read more
Aspendale is a bayside suburb located about 30 kilometres south of the Melbourne CBD.Read more
THE market leading pace with which some western suburbs started the year, seems to have hit a snag, with the top ten suburbs recording relatively lower levels of growth than the other regions. Only nine of 22 eligible western suburbs recorded median house price increases over the metropolitan average of 4.2 per cent.Read more
For years there’s been a growing divide between suburbs that have increased in value, and others which fell back. Five years after the real estate market’s ‘peak’, we ask which suburbs really were ‘safe as houses’ for investors.Read more
It’s a magic number, really.
Tell a real estate agent that you have $500,000 to spend, and they should be able to find you a house in any part of Victoria – Hawthorn to Hamilton.
We tell you what bang for your buck you get in the city, coast and country.Read more
YOUNGER home owners call it a bonus.
The baby boomer generation call it a rescue.
Accountants call it an opportunity.
Astronomical growth in house prices over recent years, has armed home owners with tens of thousands, sometimes hundreds of thousands of dollars of unlocked equity in their homes.Read more
Picking which one of Victoria’s coast and country townships will excel is no easy task, reports Marc Pallisco.
With Victoria’s coast and country real estate markets performing so well for so long, one could be forgiven for thinking the boom hasn’t ended.
Not so.Read more
The best in Queensland real estate was celebrated at the 2008 Real Estate Institute of Queensland (REIQ) Awards for Excellence in Brisbane on Friday night.Read more
GPT today announced that the Group had successfully fully leased all the office space at the Group’s workplace6 development, NSW’s first 6 star Green Star building, well ahead of initial expectations. Internet company Google, and global management consulting company, Accenture have agreed to lease the office space at workplace6, an 18,000 sqm waterfront office complex developed by the GPT Group in conjunction with Citta Property Group.Read more
Outstanding customer service, contributions to the real estate profession, innnovation and community service were amongst the criteria for success in the Real Estate Institute of Australia’s 3rd National Awards for Excellence announced in Melbourne on Thursday, 3 April.Read more
At its meeting today, the Board decided to increase the cash rate by 25 basis points to 7.25 per cent, effective 5 March 2008.Read more
Australand today announced a strong result for the year ended 31 December 2007, delivering a statutory profit of $269.2 million, including unrealised gains in property revaluations.Read more
Beleaguered property developer MFS Living and Leisure group is expected to quietly sell the Melbourne Aquarium in Flinders Street, as well as aquariums on the Sunshine Coast, Bangkok, Shanghai and Busan, as it struggles to boost its balance sheet and survive a fallout from its parent company, MFS Limited.Read more
The Reserve Bank of Australia (RBA) announced today that the Official Cash Rate will increase 25 basis points to 7 per cent.Read more
The Westpac Melbourne Institute of consumer confidence plunged by 8.3 per cent this month, to land at 103.1 point, its lowest point for more than a year.Read more
The Property Council of Australia Portfolio Weighting Survey is a six monthly survey of institutional property funds, which looks at trends in the institutional ownership by sector and geographic region.
The survey tracks the following investments: CBD Office, Non CBD Office, Retail, Industrial, Agriculture, Residential, Listed Property Trusts, International Property, Cash and **Other (including investments in development site, car parks, petrol stations, or units in unlisted trusts).Read more
The directors of prestige home builder Glenneagles Homes, Glenn and Jennifer Eagles, won’t have to travel far to work, after paying more than $3.1 million for a home they plan to demolish, in one of Armadale’s ritziest pockets.Read more
A $65 million mixed use office park, industrial park and bulky goods centre will be built on the site of a former Amcor packaging plant in Box Hill.Read more
The ASX-listed Australian Property Growth Fund will undertake a $30 million capital raising, to continue its push buying more commercial property assets.Read more
With pundits saying Melbourne is in the midst of a property boom, it’s no wonder the city’s wealthiest business and sporting identities are turning their hands to property development on an all too regular basis.Read more
A private investor has paid a low “Melbourne-like yield” for a 3,000 square metre Coles supermarket in the regional town of Bendigo.Read more
Another crane will appear in Geelong’s skyline later this year, after the Geelong Private Hospital pre-committed to a new $35 million medical centre on Argyle Street.
Interests associated with Melbourne’s Myer family have paid $18.4 million for the historic "Sisters" estate in Sorrento.Read more
Melbourne’s city skyline changed forever this week, after demolition crews started dismantling the 55-year old Lonsdale Street power station “chimney stack”, ahead of a commercial office redevelopment.Read more