William “Polly” Perkins Sells Bentleigh House
Football legend and broadcaster William ‘Polly’ Perkins has sold his Bentleigh family home for $670,000.
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Peter Hellier to Sell Montmorency Home
Having recently secured themselves one of the most luxurious homes in the north eastern suburbs, Melbourne funny man Peter Hellier and wife Bridget have put their much more modest Montmorency home on the market.
Read moreDeveloper Buys Supersite in Parkville
A private developer has paid $7 million for a 5000 square metre development site in the inner northern suburb of Parkville.
Read moreMore than $8 million in industrial properties have sold in the suburb of Heidelberg West
More than $8 million in industrial properties have sold in the suburb of Heidelberg West.
Read moreGMH Site a Hit for Mirvac
A joint venture between Mirvac and Australian Super has reaped more than $16 million in land sales, from an office park it is developing on part of the former General Motors Holden site in Port Melbourne.
Read moreHallmarc to Build Commercial and Residential Building in Fitzroy
Melbourne-based developer the Hallmarc Group is continuing its push into residential development, announcing plans for a $20 million mixed use commercial and residential building in Johnston Street Fitzroy.
Read moreChapel Street Retail Shop Sold
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 moreMacquarie Buys 71 Queens Road Office Building
A Macquarie trust is believed to have paid just over $25 million for the former Zurich office building at 71 Queens Road.
Read moreIndustrial Properties Sell in Heidelberg West
More than $8 million in industrial properties have sold in the suburb of Heidelberg West.
Read moreProperty Fraternity Football Match
Wannabe footballers from some of Melbourne’s biggest commercial agencies and developers braved icy conditions to play for the Hawthorn Football Club Fantasy Cup, in front of an estimated 43,000 people at the Hawthorn-Sydney clash at the Melbourne Cricket Ground last Sunday.
Read moreFord’s Geelong Engine Plant Could Fetch $20 Million
Ford Motor Company Australia’s engine plant could fetch around $20 million as a retail development site.
Read moreMyer Family Member Turns Property Developer
In an interesting twist this week, a member of the Myer family has emerged as a joint developer of a The Well, a 7-storey mixed use building in Camberwell.
Read moreCheltenham Development Site Sells
An undisclosed local developer has paid $8.25 million for two development sites adjoining Cheltenham’s only high rise office building on the Nepean Highway.
Read moreChannel Nine Sale May Happen Next Year
The much hyped sale process of Channel Nine’s Richmond studio is no closer to starting, with some industry players now saying it won’t be sold until next year.
Read moreFKP Builds Develops Green Project in Phillip Island
More than 90 per cent of the first stage of developer FKP’s Shearwater development on Phillip Island has been tagged for sale, less than a week after its official launch.
Read moreLuxury Apartment Project for Caulfield North
Prominent real estate turned property developer Henry Birner has unveiled plans for a $30 million luxury apartment complex in Caulfield North.
Read moreRose Porteous Sells Luxury Toorak Penthouse
Melbourne socialite Rose Porteous has sold the second of her twin Toorak penthouses, just 18 months after buying them. The properties are just a few hundred metres from a site Rose is rumoured to be developing into a new home.
Read moreFilm Director Buys Luxury City Apartment
Award winning film director Frank Schepisi has quietly been undertaking some property plays in Melbourne.
Read moreSwan Street Office Showroom with Development Potential Sells
An undisclosed private investor has paid $3.1 million for a showroom and office building with redevelopment potential in Swan Street Richmond.
Read moreHotels Feel Pinch of Smoking Bans
Revenue generated by licensed pubs, hotels and entertainment venues following the introduction of indoor smoking bans has dropped between 6 to 8 per cent, in the first weeks following its July 1 introduction.
Read morePrivate Investor Spending Splurge
Private investors spent more than $12 million in Melbourne’s inner eastern suburbs this week, buying retail showrooms, office buildings and development sites.
Read moreBox Hill Leasing Activity
The once troubled Box Hill office market is enjoying record low vacancy, after a string of lease deals totaling almost 3000 square metres.
The biggest deals were to software management group ManageSoft, which will lease 728 square metres at 18 – 20 Prospect Street, and healthcare merchandiser Melaleuca, which will lease 506 square metres at 826 Whitehorse Road.
Read moreStrata Office Suites Sell
Developers of strata office suites have been given something to smile about, with two of the biggest developments under construction in the CBD and suburbs selling out during construction.
Read moreBest Performing Suburbs City Coast and Country
A suburb from each of the city, coast and country was represented in the list of Victorian suburbs, to record the strongest growth in property values last year.
Read moreMount Scopas to Sell Former Tudor Court Reception Centre
Prestigious eastern suburb college Mount Scopus is on the verge of selling a Caulfield North mansion and development site it had intended to use as a new school campus. Teska Carson selling agent Michael Ludski, who is marketing the property with Gross Waddell’s Michael Gross, says a decision is days away.
Read moreRobyn Boyd House II in South Yarra Saved
Selling agents are still tight lipped about which white knight has saved one of South Yarra’s most significant homes from falling into private hands.
Read moreValad Property Group to Buy Australian Unity Portfolio
Valad Property Group is understood to be close to buying a portfolio of properties owned by one of Australia’s largest syndicators, Australian Unity, in a deal worth more than $40 million.
Read moreMorry Schwartz buys CBD site for apartments
Developer Morry Schwartz is understood to have paid $5 million for a small CBD office building, he plans to turn into a residential apartment tower.
Read moreMacquarie Direct Property Survey Findings
Findings from a Macquarie Direct Property financial adviser survey released this week, show commercial property in Europe will present the best growth opportunity for property investors in 2007.
Read moreMitsui Leases Office Space at 120 Collins Street
A relatively small lease deal to Japanese trading company Mitsui, may have just filled Investa’s 120 Collins Street office building.
Read moreBecton Buys Tudor Court Reception Centre in Caulfield North
Becton Property Group is continuing its push into the lucrative aged care market, picking up a Caulfield North development site for more than twice the price the vendor paid for it last year.
Read moreLeoncelli joins Hamton to Develop Toorak University Site
Former Melbourne Football Club champion Andrew Leoncelli has joined boutique property developer Hamton, as a development manager.
Read moreKirsty Marshall Buys Block of Land on Mount Hotham
Olympian and Victorian parliamentarian Kirstie Marshall has snapped up a 470 square metre block of land near the Mount Hotham ski slopes.
Read morePeter Hellier Sells Montmorency Home
Comedian Peter Helliar has sold his Montmorency property two weeks before a scheduled auction.
The 3-bedroom plus study home, sits on a sizeable block of land on the outskirts of Montmorency, near the Eltham border in Melbourne’s north-east.
Read moreBridge Road Tops Retail Strip Survey
DISCOUNT store shopping mecca Bridge Road has topped a new retail survey, recording the lowest vacancy rate of eleven suburban shopping strips.
Read moreShopping Centre Owners Slow to Adopt Green Initiatives
Shopping centre owners aren’t acting fast enough to reduce the environmental impact of their properties, because there is no financial incentive for them to do so.
Read moreDB RREEF Excellence in Agency Awards
Melbourne-based agencies won three of five national awards, at last week’s DB RREEF Excellence in Agency Awards, held in Sydney last week.
Read morePace Developments Buys Modialloc Development Site
Melbourne based developer Pace Developments is tipped to be the mystery buyer of a prime retail development site in Mordialloc’s main shopping strip, in a deal worth $5.73 million.
Read moreTraffic Camera Operator Serco Needs More Space
Less than a week after winning a $150 million contract to operate Victoria’s controversial traffic camera system, British-based Serco is in the market for more office space, and quickly.
Read moreNew Apartment Tower for Bennetts Lane
Plans for a boutique apartment building in the city’s north-eastern tip may be resurrected, after a developer paid almost three times the reserve price for a site, adjoining another it had slated for an 11-storey residential building.
Read moreHerald & Weekly Times in the Market for Space
Meanwhile, on the other side of the Yarra River, Herald and Weekly Times has formally come to the market with an 18,000 square metre office leasing requirement – the third biggest in Melbourne at the moment.
Read moreSalesForce Leases Former Qantas CBD Building
Budding Melbourne-based call centre operator SalesForce is understood to have leased the former Qantas office building at 50 Franklin Street, in an off-market deal negotiated between the building owner and tenant.
Read moreRichmond Football Club Coach Terry Wallace Former Home Sells
The sprawling Kangaroo Ground property Richmond Football Club coach Terry Wallace built for his family in 1993, is on the market.
Read moreOlympic Medallist Matt Welsh Sells Port Melbourne Home
Triple Olympic medalist, and father to be, Matt Welsh sold his Port Melbourne terrace home after auction last week for $1.1 million.
Read moreGood Guys Boss Sells East Melbourne House
Good Guys boss Andrew Muir has put his East Melbourne mansion on the market, in a deal expected to set a new record for the bourgeoisies suburb.
Read moreStongehenge Sells two South Melbourne Office Buildings
Boutique architect and developer Stonehenge has sold two neighbouring office buildings in Clarke Street South Melbourne for $7.55 million.
Read moreGivoni Sells Sandringham Headquarters
After announcing it would wind down its local manufacturing base, sleepwear and leisurewear clothes manufacturer Givoni is selling its Sandringham headquarters.
Read moreWestwater Property Development Sites Sell
Receivers for failed property finance company Westwater Property have put the company’s last two development sites on the market, in deals expected to recover more than $10 million.
Read moreBourke Street Foundry Development Site to be Sold
Sure to whet the appetite of stock starved investors, The Foundry development on Bourke Street is expected to be put to the market this week, in a deal which could reap vendor Donnelly Group around $140 million.
Read moreCalculate What a Property Will Sell For Using its Rental Potential
With the spring selling season just around the corner, heres a good tip for buyers.
Using a little trick many valuers, analysts and banks use you can calculate an approximate sale price of a house, by working backwards according to how much rent it can return.
Read moreSacked Coles Executive Sells Brighton Home
Sacked Coles executive Peter Scott won’t have any trouble paying his upcoming legal bills, after offloading his historic Brighton pad for $5.4 million.
Read moreIvanhoe Grammar Buys Retail Property Near Campus
Prestigious private boys college Ivanhoe Grammar is understood to be the mystery buyer of a 1600 square metre retail showroom and development site, across the road from its Ridgeway campus in Ivanhoe.
Read moreBank Place Strata Floor Sells
An owner occupier has paid $1.925 million for a ground floor office suite, with three street frontages, in one of the CBD’s most popular dining precincts. The sale price reflects a market yield of 3.53 per cent.
Read moreGunn Island Hotel Middle Park Sells After Auction
Middle Park drinking institution the Gunn Island Hotel failed to sell at a scheduled auction on Thursday, but sold to
Read moreAustralian Red Cross Looking for new Melbourne Offices
The Australian Red Cross is the latest tenant to flag Docklands as a future office location, after quietly issuing a large office requirement to developers and agents this week.
Read morePickles Auctions Buys Former Modern Line Furniture Site in Sunshine
Sydney-based car auction group Pickles Auctions has paid $14 million for the former Modern Line Furniture centre in McIntyre Road Sunshine.
Read moreAustralian Punk Rocker Sells Box Hill Home
The musician many Australian music experts credit with introducing the punk rock movement to
Salvation Army Reaps $1.95 Million From Riverfront Kew Home
THE SALVATION Army has reaped $1.95 million from the sale of a riverside Kew property it acquired as part of a bequest last year.
Read morePremier Under Attack For Inflating Promised Infrastructure Job Numbers
VICTORIAN Premier John Brumby used inflated employment projections in last week’s budget, to sell his $7 billion infrastructure plan to the public.
Read moreLockerbie, Kalkallo Announcement, Weeks Away
A DECISION to build a $4.5 billion province with the potential to house 35,000 people, may be made by Planning Minister Justin Madden within weeks.
Read moreRedcourt and Cestria Mansions Sell, and to be Restored
TWO DILAPIDATED mansions, until recently used as student housing, have sold and will be fully restored by their new owners.
Read moreChurch of Scientology One Step Closer to Selling City Headquarters
THE CHURCH of Scientology is one step closer to selling its outgoing Melbourne CBD headquarters.
Read moreBorders, Angus and Robertson, Lead String of CBD Lease Deals
REDgroup Retail, the new owner for Borders and Angus & Robertson bookshops, is reported to have leased about 1,600 square metres of space at the former Herald & Weekly Times building, now the premium 8 Exhibition Street office building.
Read moreStorm Financial Sells Melbourne Office at a Loss After Just 4 Months
RECEIVERS for failed investment planning company Storm Financial have reaped just $5.7 million from the sale of a city-fringe office building, once earmarked to be the group’s Melbourne headquarters.
Read moreHive Shopping Centre and Apartment Building, Under Construction in Abbotsford
A MASSIVE Abbotsford property, once occupied by Kevin Dennis Motors as a service and sales delivery centre, is being redeveloped into Hive, a $50 million shopping centre, and residential village.
Read moreChinese Buyers Buy More Posh Melbourne Property
RELAXED rules relating to the sale of property to foreigners, formally introduced earlier this month, has resulted in “a flood” of prestige properties selling to investors from mainland China.
Read moreBurgess Rawson Buys CBD Office Building
AT LEAST one real estate agency has put their money where their mouth is, forking out just over $5 million for a historic CBD office building, it plans to owner occupy.
Read moreUniting Church of Australia Shelves Plans For Lonsdale Street Office
THE UNITING Church of Australia has shelved plans to develop a 20-level, $100 million office building on the grounds of its Wesley Uniting Church site in Lonsdale Street.
Read moreApartment on Former Baillieu Estate, For Lease
An ultra-ritzy penthouse apartment built on what was once the backyard of another Toorak estate, the childhood home of State Opposition Leader Ted Baillieu, has also come on the market for rent.
Read moreMullion, Toorak For Rent
TOLL HOLDINGS chief executive Paul Little has decided to rent out a unique Toorak property he bought two years ago, rather than incorporate it into the backyard of his massive neighbouring Coonac estate.
Read moreLend Lease’s The Gauge Building, Docklands, Wins Sustainability Awards
The Gauge, conceived and developed by Lend Lease, has achieved another prestigious honour, winning the inaugural Built Environment Award at the Victorian Government’s 2009 Premier’s Sustainability Awards.
Read moreNineteen ABC Learning Centres to Close Nationally
RECEIVERS for the beleagured ABC Learning group have found operators to buy 210, of the 241 centres once under control by the group.
Read moreCharter Hall Buys Nylex Mentone Sites, Gets Moving Developing Residential Development
DEVELOPER Charter Hall has unveiled plans for a major residential development on the former Nylex industrial products manufacturing and distribution facility in Mentone.
Read moreMirvac Launches Harmony 9 Prototype, Waverley Park
IT’s hard to believe Mulgrave’s Waverley Park was once earmarked for a 157,000 seat stadium given its location, at the centre of a rain belt, lends itself so well to an environmentally sustainable housing community.
Read moreGandel May Have Expanded His Mornington Peninsula Pile
SHOPPING centre magnate John Gandel already owns Melbourne’s most expensive home, the massive Bedford castle, in Toorak.
Read moreServiced Apartment Operator Buys Block of 27 East Melbourne Flats
SERVICED apartment operator Darling Towers is believed to have paid $6.3 million for a block of 27 apartments in East Melbourne.
Read moreNew Home Sales in Victoria Surge in 2009, HIA Finds
New home sales in Victoria have outperformed the rest of the nation over the three months to February, according to the latest survey by the Housing Industry Association (HIA), Australia’s largest building industry association.
Read moreQueenscliff Boat Owners Face Hike in Berthing Fees
OWNERS of marina berths in Queenscliff have been hit with a substantial rise in berthing fees.
Read moreAdministrators for Storm Financial Put Historic Geelong Property on the Market
A HISTORIC Geelong property owned by the failed Storm Financial Group, has been quietly put to the market for sale by administrators.
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