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 more
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 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
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
Children’s book illustrator and equine lover, Patricia Mullin, and husband, Dr John Fitzpatrick, are selling their double storey terrace home in Fitzroy.Read more
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 more
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 more
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 more
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 more
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 more
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 more
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 more
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 more
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 more
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 more
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 more
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 more
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.Read more
The man the AFL encyclopedia once described as a great player, but an unreliable kick, has put his Sorrento beach house on the market.
Tony Ongarello, Fitzroy Lions-great turned television commentator, says he is selling Ellis Cottage at 3465 Point Nepean Road.Read more