Hope Yet For 1980s Homes
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.”
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Know Your Rights as a Victim of Underquoting
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 morePelorus Secures its First Indian Management Contract
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 moreCity Shift as Provincial Victorians Buy Melbourne “Holiday House”
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 moreFormer Cremorne Gardens Amusement Park in Richmond set to Become Apartments
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 moreRobin Boyd Home Environmentally Sustainable, Before the Term was Even Coined
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 moreAspendale Suburb Profile
Aspendale is a bayside suburb located about 30 kilometres south of the Melbourne CBD.
Read morePerformance of Melbourne’s Western Suburbs This Spring
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 moreTop Performing Suburbs Since the 2001 Real Estate Peak
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 moreWhat Half a Million Buys You in the City, Coast and Country
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 moreMaking Your Home Your Main Investment
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 moreWhich Coast and Country Regions Have Yet to Peak?
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 moreBest in Queensland Real Estate, Celebrated at REIQ Awards Night
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 moreQueensland’s Top Performing Suburbs 2008
Living the good life next door to a golf course, and the allure of waterfront property, help explain the top performing suburbs in Queensland last year.
Read moreGoogle and Accenture Fully Lease workplace6 Office Building in Sydney
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 moreWinners From 2008 National Awards For Excellence Night
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 moreMacquarie CountryWide to Reap $100 Million From Supermarket Portfolio
Macquarie Countrywide is expected to reap around $100 million from the portfolio sale of ten supermarket assets around Australia.
Read moreInterest Rates Rise Again: Statement by RBA Chief Glenn Stevens
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 moreAustraland Results Year Ended 31 December 2007 Strong
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 moreVillage Roadshow Tipped to Buy MFS Portfolio for $200m
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 moreRBA Increases Interest Rates: Highest Level Since 1996
The Reserve Bank of Australia (RBA) announced today that the Official Cash Rate will increase 25 basis points to 7 per cent.
Read moreConsumer Confidence Plunges in 2008
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 moreGreen Message Getting Through to Home Buyers
THE green message is getting through, if a new survey by the Real Estate Institute of Victoria is anything to go by.
Read moreGlenneagles Homes Directors Return to Armadale
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$65m Offices & Bulky Goods Centre on Former Amcor Packaging Plant in Box Hill
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 moreAustralian Property Growth Fund to Raise $30 Million
The ASX-listed Australian Property Growth Fund will undertake a $30 million capital raising, to continue its push buying more commercial property assets.
Read moreBusiness Identities Turn Property Developer
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 moreBendigo Supermarket Sells
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$35 Development Near Geelong Private Hospital
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.
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Collingwood Football Club Leased Hotel in Albert Park Yours For $12 Million
Melbourne’s pub market will be tested again, with prominent Albert Park hangout The Beach Hotel up for sale, with a price of about $12 million.
Read moreMyer Family Pays Record $18.4 Million For The Sisters Estate, Sorrento
Interests associated with Melbourne’s Myer family have paid $18.4 million for the historic "Sisters" estate in Sorrento.
Read moreLonsdale Street Power Station Chimney Stack Comes Down
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 moreBaycrown to Develop East Doncaster Site
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 moreHawthorn Volkswagen Snapped up by Private Investor
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 moreMAB Corporation Sells Floor of 999 Nepean Highway Office Building
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 moreOwners of Chapel Street Tokyo Tepanyaki to Sell Albert Park Home
The owners of Chapel Street dining institution Tokyo Tepanyaki, are selling a triple storey terrace home at 148 Beaconsfield Parade, Albert Park.
Read moreRetired Test Cricket Umpire Tony Crafter Sells Out of East Melbourne
Retired Australian Test cricket umpire Tony Crafter expects prospective buyers to be bowled over by his boutique apartment, in one of the city fringe’s most secluded pockets.
Read moreSt Hilliers to Sell Coburg Industrial Asset
One of the country’s biggest private development companies, St Hilliers, is understood to have sold a large Coburg industrial asset for $11 million, as it continues to sell off properties in its Enhanced Property Fund No 2.
Read morePamela Anderson House Fails to Sell at Auction
Whether residents want to admit or not, St Kilda West’s most prominent home is not on Beaconsfield Parade. Nor is it on tree-lined Mary or Park Streets.
Read moreSwinburne University to Sell Property Around Hawthorn Campus
Tertiary institution Swinburne University has confirmed it will sell an office building and development site across the road from its Hawthorn campus.
Read moreDandenong Ranges Mount Royal Manor for sale
One of the Dandenong Ranges most imposing homes was put to the market this week.
Mount Royal Manor, a 143 square mansion set on two hectares of manicured gardens at 1317 Burwood Highway, Upper Ferntree Gully, is expected to sell for around $6 million after an international marketing campaign.
Read moreToorak Estate of Art Collector Alex Copland Goes Under the Hammer
Collectors of fine art, and fine property, have a week until March 3 to inspect the Toorak mansion of art collector Alex Copland before it goes under the hammer.
Read moreLack of Prestige Residential Rentals Volley Tennis Players to Hotels
The days of tennis players renting a luxury home for their stay at the Australian Open are all but gone, according to agents, because rich home owners simply don’t need the money.
Read moreBusiness Heavyweights Buy Into Sorrento Apartment Project
The most expensive apartments to be built on the Mornington Peninsula look unlikely to ever be offered to the public – with some of Melbourne’s biggest business identities flagging almost all of the units on offer, just weeks after the complex was given a permit.
Read moreFormer Labor Minister Sells Home in Thornbury
Former Labor party MP and the third women ever to be elected as a minister in the lower house Kay Setches, is selling the Edwardian terrace in Thornbury she’s called home for 7 years and preparing for a move to Docklands.
Read moreCathy Freeman Buys in Brighton, Sells in Kew
Agents have confirmed Cathy Freeman is the mystery buyer of a Roslyn Street Brighton mansion. The Olympic Gold medalist is said to have paid $2.2 million before auction, and will move in later this year.
Read moreWestern Bulldog Footballers Buy in Maidstone
The western suburb of Maidstone may soon have enough professional footballers to make a team, with Private Property learning four Western Bulldog players have bought into Essence, a new estate being developed by the Stockland group.
Read moreShane Warne’s Middle Crescent Brighton Home on the Market
Industry insiders have confirmed that Shane Warne’s Brighton home is being quietly marketed for sale. The news comes weeks after estranged wife and television identity Simone Callaghan started rebuilding a house she bought in nearby Albert Street earlier this year.
Read moreDeveloper Wilbow Buys Second Residential Development Site in Doreen
It was fun the first time – thats the motto doing rounds at Wilbows Hawthorn headquarters, with the developer this week announcing it picked up a second development site in the north east suburb of Doreen.
Read moreWestpoint Receivers, Mattioli Sell CBD Development Sites
The list of Westpoint assets coming onto the market continues to grow -all the while giving a second bite of the cherry to developers who missed out on those sites not long ago.
Read moreLachlan REIT Leases Heidelberg Building to Hagemeyer Asia Pacific
Leighton Leasing Activity
Lachlan REIT this week announced a string of national lease deals which see two of its four funds become fully leased. The biggest Melbourne deal is the re-signing of Hagemeyer Asia Pacific to 456 Lower Heidelberg Road in Heidelberg for six years. The electrical distributor, responsible for brands including Smeg and Blanco, leases 3,617 square metres of the property.
Read moreSouth Pacific to Build iQ Student Accommodation
With the number of international students in Melbourne university’s growing each year, developer South Pacific has unearthed a niche for premium quality student accommodation in Carlton.
Read morePort Melbourne Film Studio to Make way for Apartments
The Port Melbourne studio that shot award winning films Shine, Muriel’s Wedding and The Man From Snowy River is set to make way for a residential conversion.
Read moreHome Near Neighbour’s Fictional Ramsay Street Comes on the Market
Everybody needs good neighbours, and that’s what’s on offer in Vermont South, just a hop skip and a jump from Erinsborough’s fictional but world famous Ramsay Street, known locally as Pinoak Court.
Read moreMax Beck’s Kinane sells for Brighton record
Kinane, the 6-bedroom mansion on a prime parcel of Brighton’s waterfront has broken the record for the most expensive home in Brighton.
Read moreSt Kilda Road’s Yve Apartment Tower Wins Award
The distinctive Yve apartment project on St Kilda Road has won the 2006 Victorian Architect Medal, in a ceremony held on Friday night at the National Gallery of Victoria.
Read moreVicLand Offloads $20m in Stonnington
Directors of VicLand Property Group had every reason to party last weekend at the launch of South Yarra’s White Charlie nightclub with cricketers Shane Warne, Michael Clarke and 500 other guests.
Read morePhotographer Lynton Crabb to Sell in Elwood’s Golden Mile
Award winning advertising photographer Lynton Crabb is selling his art deco apartment in Elwood’s Golden Mile.
Read moreFilm & TV Executive Ted Gregory Pays $1 Million For Port Melbourne Apartment
Film and television executive Ted Gregory has paid more than $1 million for a luxury Port Melbourne apartment.
Read moreMPRE Founder Makes $3 Million From Sale of Kilinor Weekender, Red Hill South
MP Real Estate founder Steven Oates has pocketed $3 million from the sale of his Red Hill South retreat, Kilinor.
Read moreMelbourne Uni Buys Elizabeth Towers Hotel For $20 Million
Executives at the University of Melbourne – one of Melbourne’s biggest owner occupiers of office space – are building the college quite the enviable property portfolio.
Read moreBP Move to Leave Hole for GPT at Melbourne Central
Things got worse for General Property Trust this week, after petroleum giant BP confirmed it wants out of the Melbourne Central office building, once its lease expires in 2011.
Read moreNonda Katsalidis Sells Hero Apartments
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 moreFailed Developer Westwater Assets Sold
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 moreIkea Might Open Store in Dandenong
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 moreChildren’s Book Illustrator Patricia Mullens Sells Fitzroy Home
Children’s book illustrator and equine lover, Patricia Mullin, and husband, Dr John Fitzpatrick, are selling their double storey terrace home in Fitzroy.
Read moreBusy Cox Plate Day For Colin Little
It will be a busy Cox Plate day for prominent horse trainer Colin Little later this month.
While he will be at Moonee Valley, hoping his champion racehorse El Segundo can come “El Primo” at the famous race, Hodges Real Estate will auction his former family home at 1 Merville Avenue, Malvern East.
Read moreValue of Commercial Property Sold May Not Surpass 2006 Record
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.
Read moreDBRREEF to Sell Abbotsford Office Building with Redevelopment Potential
A property syndicate managed by German-based institution DBRREEF will wind up after ten years, and sell its only asset – a riverside office building in Abbotsford.
Read moreRecord Number of House Auctions Scheduled for Melbourne
Spring has sprung, and real estate agents around the city are smiling.
New research released by the Real Estate Institute of Victoria this week show that in the last weekend of October, a record 1,245 auctions are scheduled to take place – breaking the previous record set in December 2003, when 1,241 properties were put to the market by auction.
Read moreAustralian Designer Nominated for International Green Development Award
THE top-to-bottom refurbishment of a 1960s State Government office building and work on a sustainable living centre have earned a Melbourne design consultancy international recognition for green development.
Read moreUnique Home in Solent Sea Comes to Market
One of the world’s most unique residential properties has come onto the market in the Solent Sea, which separates the Isle of Wight from the mainland of Britain.
Read moreAlmost $20 million in Chapel Street Shop Sales
An undisclosed private investor has paid $2.66 million for a Chapel Street shop, bringing the value of shops sold in the popular retail strip recently to almost $20 million.
Read moreAlmost $30 Million in Retail Assets Change Hands at Portfolio Auction
More than 450 people squeezed into a Crown Casino function room earlier this week, to watch almost $30 million of retail assets in Victoria, Tasmania and New South Wales change hands at Burgess Rawson’s latest portfolio auction.
Read moreWorst House Best Street in Toorak
Much to the disgust of Toorak folk that live north of Toorak Road, agents argue that streets surrounding Albany Road and Irving Road (which run south of Toorak Road, to Malvern Road) are considered the finest in the suburb. So when a renovators delight bearing these addresses come onto the market you know youll need big dollars to buy in.
Read moreBrighton Couple Sell up Ahead of Move to Sydney
Brightonians will bid farewell to one of their favourite couples today.
Former Spotlight boss Quentin Gracanin and partner Camilla Knowles are auctioneering their Golden Mile home, in preparation for a move to Sydney. Quentin was recently poached by James Packer to head up the 390-store strong Pretty Girl fashion empire. Pretty Girl is responsible for brands including Rockmans and Table 8.
Read moreCoburg Real Estate Market Goes Through the Roof
A string of 19th century homes which have come up for sale in the tree lined streets of Coburg, has raised awareness of the humble suburb, particularly to those relocating from smaller homes in the inner city, agents say.
Read moreYarraville Building, Scene of Strictly Ballroom, to Become Apartments
A piece of the dance hall which set the stage for several scenes in the 1992 Australian smash Strictly Ballroom, can now be yours.
Read moreNew Price Record for Coastal Retreat of Merricks
A new record for the budding township of Merricks has been set.
A farm and homestead – high on a hill of course – and with expansive views of Western Port Bay from Flinders through to Phillip Island, has sold for $6 million to an undisclosed buyer, possibly from overseas.
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