Value 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.

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Record 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.

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Worst 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 renovator’s delight bearing these addresses come onto the market – you know you’ll need big dollars to buy in.

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Brighton 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.

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New 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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