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
A consortium led by Macquarie Bank has paid a record $3300 per square metre of land, to snap up a development site opposite Albert Park Lake and the Melbourne Grand Prix circuit.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
One agency to which the Kay & Burton/RT Edgar rivalry means nothing, is Marshall White.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
Henkell Brothers Investment Management is formalising plans to sell a portfolio of seven office and retail assets, in deals worth around $180 million.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.
It must have been with a sigh of relief ageing playboy Sam Newman bid farewell to his infamous Brighton home yesterday.Read more
Residential developer Baycrown Pty Ltd has paid $2.55 million for a residential development site in East Doncaster with a permit for 38 residential apartments and 49 basement car spaces.Read more
It’s not unusual for Volkswagen dealers to see the odd millionaire walk through its showrooms. But few could have imagined the sheer net worth of investors “tyre kicking” its Hawthorn dealership, which was recently put to the market.Read more
Prominent Melbourne architect Nonda Katsalidis is cashing in on private investor demand for retail assets.
Sources say five retail shops at the Hero apartment building have exchanged for around $8.5million, with negotiations for the remaining properties expected to be finalised soon.Read more
MAB Corporation has sold an entire strata floor at its 999 Nepean Highway office building redevelopment for $3.575 million to an undisclosed private investor.Read more
Administrators for failed property development company Westwater have recovered almost $11 million from the sale of two residential development sites, purchased just before the company went belly-up.Read more
Less than two years after closing its Nepean Highway Moorabbin store, Swedish-based furniture retailer Ikea is planning a return to the south-eastern suburbs.Read more
The owners of Chapel Street dining institution Tokyo Tepanyaki, are selling a triple storey terrace home at 148 Beaconsfield Parade, Albert Park.Read more