Victoria’s Coastal Market Performs Worse Than Expected This Summer
Victoria’s coastal market performed worse than expected this Summer.
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Avalon Airport to accommodate international flights
THE LINFOX family want to build an international airport terminal at his Avalon Airport, about 50 minutes south-west of Melbourne.
Read morePerception of Real Estate Market in 2009, According to New Survey
A trend towards owning a larger space has emerged, with 76% of Victorians buying their first home this year looking to purchase a house as opposed to a unit/apartment or townhouse, according to the 2009 Mortgage Choice First Homebuyers Survey. This is in comparison to 55% in 2008, and 76% nationally.
Read morePorsche Brighton to Open in Nepean Highway, Bentleigh
German prestige car brand Porsche is set to open the doors of its second Victorian dealership next week.
ING Real Estate Healthcare Fund to Sell Harvester Centre, Sunshine, After Two Years
The ING Real Estate Healthcare Fund is unlikely to break even from the sale of a western suburb office building it bought two years ago for $13.55 million.
Read moreAdministrators for GMC Try to Lease Company’s Tullamarine Facility
Three months after going into receivership, administrators for power tool giant Global Machinery Company will try to lease the company’s Tullamarine office and distribution centre.
Read moreDyson Bus Depot, Bundoora, to be Redeveloped
A $35 million redevelopment of the former Dyson Bus depot in Bundoora is expected to start construction later this year.
Read moreValad Announces AIR Development on Pentridge Prison Site, Coburg
Valad Property Group has released images of its $114 million, 259-unit environmentally friendly AIR apartment tower, on a slice of the former Pentridge Prison, in Coburg.
Read moreCraftsman Press, Vulcan Industries Site Redeveloped in Burwood
A $25 million business park, built on part of a two hectare site once occupied by Vulcan Industries and The Craftsman Press, has opened this month.
Read moreCraftsman Press, Vulcan Industries Site Redeveloped in Burwood
A $25 million business park, built on part of a two hectare site once occupied by Vulcan Industries and The Craftsman Press, has opened this month.
Read moreCraftsman Press, Vulcan Industries Site Redeveloped in Burwood
A $25 million business park, built on part of a two hectare site once occupied by Vulcan Industries and The Craftsman Press, has opened this month.
Read moreCraftsman Press, Vulcan Industries Site Redeveloped in Burwood
A $25 million business park, built on part of a two hectare site once occupied by Vulcan Industries and The Craftsman Press, has opened this month.
Read moreWayne Johnston to Sell Hawthorn Shop
Ex-Carlton footballer Wayne “the Dominator” Johnston is selling a retail investment property in Hawthorn’s Auburn Road.
Read morePeter Mac Hospital, East Melbourne, May be Sold
The Peter MacCallum Cancer Centre in East Melbourne is almost certain to be sold to developers, after the State Government tipped in $10.5 million to the cost of rebuilding a new Peter Mac headquarters, in Parkville.
Read moreTabcorp Loses Dispute With Landlord
A TWELVE-year dispute between gaming giant Tabcorp Holdings, and one of its landlords, Bowen Investments, has finally settled.
Read moreCFS Proposes $20m Redevelopment of Forest Hill Chase Shopping Centre
Colonial First State – part owner of the Myer Bourke Street building and Chadstone Shopping Centre – plans to undertake a $20 million redevelopment of its Forest Hill Chase Shopping Centre, in Melbourne’s east.
Read moreZig Inge Group Buys Baillieu Toorak Property
Luxury retirement home owner the Zig Inge Group has paid $15 million for the prominent Toorak property once owned by Diana Baillieu.
Read moreStage Two of CERES Redevelopment, East Brunswick
Environmental park CERES hopes to attract large community and volunteer-focused organisations for corporate events, once the next stage of a major redevelopment on part of its 4.5 hectare site is completed this year.
Read moreClub Edgewater Development, Maribyrnong, Delayed
Controversial plans for a $25 million hotel, dining room and function centre in the north-west suburb of Maribyrnong have been delayed.
Read moreCBus Linked to $260 Million Collins Street Project
Construction of a $260 million office building at the Paris end of Collins Street could start as early as June.
Read moreZektin Engineering to Lease Former Healthscope House, Parkville
Biotech and pharmaceutical group Zektin Engineering has leased all of the Parkville office space recently vacated by health care provider Healthscope.
Read moreString of Lease Deals at Investa’s 485 LaTrobe Street
Tight funding conditions – which put plenty of new CBD office developments on hold last year – have worked in favour of one of the country’s largest unlisted owners of real estate.
Read moreRedevelopment of Salt Nightclub Site to Start in August
THE site of South Yarra’s notorious Salt nightclub will make way for a $100million, 15-level luxury mixed-use tower, with 120 apartments.
Read moreMicasa8 Student Accommodation Building Opens
Redevelopment of the former Canada Hotel site in Carlton is complete, with the result being Micasa8, a 12-level, 221-unit student accommodation building.
Read moreAustralian Red Cross Leases 1,000 Sq m in Southbank
The Australian Red Cross has leased 1000 square metres of office space at 51 Clarke Street Southbank.
Read moreNational Union of Workers Buy 833 Bourke Street Docklands
The National Union of Workers is believed to have paid about $6.7 million for a Docklands office building at 833 Bourke Street.
Read moreHeritage Victoria Adds Dimmey’s Richmond Building to Heritage Register
Richmond’s Dimmeys store has been formally recognised as a Melbourne landmark.
Read more$150 Million Development Opposite Queen Victoria Market
A prominent development site opposite Queen Victoria Market will be developed into a $150 million mixed-use project including a hotel, apartments and shops.
Read moreMajor Apartment Planned For The Stork Hotel Site, CBD
THE bright blue and yellow Stork Hotel on the south-east corner of Elizabeth and Therry streets will make way for a 61-level, 452-unit apartment project if a recent application lodged with the Melbourne City Council is approved.
Read moreDiana Baillieu’s $16 Million Toorak Home Sale Still Unsettled
State Opposition Leader Ted Baillieu and his siblings might still have one eye watching the prestige property market after the mystery buyer of the family’s $16million former Toorak home failed to settle on the property as scheduled in December.
Read moreIndigo Group Announces New Stage of Martha’s Cove, Safety Beach
Queensland-based developer Indigo Group has released new harbour-front apartments within the Martha Cove precinct of Safety Beach, about 55kilometres south of Melbourne.
Read moreParks Victoria Comes to the Market For Space
Parks Victoria – custodian of about 17 per cent of Victoria’s land mass – is looking to go green this year, when it will move from the 40-years-old 535 Bourke Street office building in the CBD.
Read moreProperty Lobbyists Propose State Funded Mezzanine Finance Arm With Premier Brumby
BANKERS, bureaucrats, developers, planners and unionists have held round table and private meetings with Premier John Brumby this week to discuss the viability of a state-funded mezzanine finance arm.
Read morePan Urban Starts Construction of Major A’Beckett Tower Building, Despite Economic Backdrop
In a hard hat and safety vest, The Monthly magazine publisher and property developer Morry Schwartz this week turned over the first stones, at the A’Beckett Tower development site, at the top end of the CBD.
Read moreRACV Pays $42 Million For Eagle House, Bourke Street
Motoring mutual the Royal Automobile Club of Victoria has paid $42 million for a 15-level office building, abutting its 501 Bourke Street headquarters.
Read moreHalf Quit As TAC Relocates From Melbourne to Geelong
About half of the Transport Accident Commission’s 700 employees quit their positions as a result of the State Government’s controversial decision to relocate the TAC head office from the Melbourne CBD to Geelong.
Read moreVictorian Building Approvals Fall 15 Per Cent For December 2008 Quarter, HIA
A small increase in Victorian building approvals for the month of December failed to halt the 15 per cent slide over the quarter.
Read moreOaks Hotels Secures Hotel Rights at Ubertas 568 St Kilda Road Rhapsody Development
Oaks Hotels & Resorts has secured the rights to 145 apartments at the new Rhapsody development, in St Kilda Road Melbourne.
Read moreDocklands Southern Star Oberservation Wheel Buckles After a Month
Docklands troublesome Southern Star Obersation Wheel has been closed indefinitely, a month after its delayed opening at Waterfront City.
Read moreSunland Group Unveils Bundoora Apartment Development, University Hill
Queensland-based developer Sunland Group, responsible for the luxurious Palazzo Versace hotel on the Gold Coast, and Yve building on St Kilda Road, has launched an apartment development at Bundoora, about 18 kilometres north of Melbourne.
Read moreNew Proposal For Mitcham High Rise Site
The controversial development dubbed the “Mitcham Monster” may be back, but wearing a much more discreet disguise.
Read moreUniting Church of Australia to Develop Major Office Building at Lonsdale Street Complex
THE UNITING Church of Australia will proceed with a controversial plan to build a high rise office building, within its Wesley Uniting Church complex in the city.
Read moreIndustrial Park Mooted For Prominent Ex-Government Site in Port Melbourne
A once-obscure, but now prominent industrial development site, which abuts a new West Gate Freeway on-ramp in Port Melbourne, will be developed into a major business park after it sold to a local private developer for more than $4 million.
Read moreVictorian’s Favour Variable Home Loans
When choosing a loan to finance a property purchase, Victorian borrowers are favouring variable rate loans, which now make up 90% of all loan approvals – the most of any state. Fixed rate loans remain well out of favour, representing less than 2% of all home loan approvals, according to Mortgage Choice loan data for December 2008.
Read moreTucks Ridge Vineyard For Sale
Austock Securities’ Peter Hollick is parting with another landmark property, this time in Red Hill South. The stockbroker has listed for sale the Tucks Ridge Vineyard, at 37Shoreham Road, in a deal expected to reap more than $2.5million.
Read moreLindsay Fox’s Former Home For Rent
Phoenix Fairhaven, the prominent art-deco mansion that trucking magnate Lindsay Fox once called home, has come on to the market – as a rental.
Read moreTroubled Former Coburg High School Site Closer to Being Developed
More than a decade after its doors were shut to students, the former Coburg High School site in Melbourne’s northern suburbs is set to be redeveloped.
Read moreDelfin Lend Lease Sells Maribyrnong River Development Site
Delfin Lend Lease has sold a major residential development site on the banks of the Maribyrnong River, in Melbourne’s inner north-west.
Read moreAdvice if You’re Facing Redundancy With a Mortgage
Having viewed an obvious increase number of redundancies in Australia due to the current financial turmoil, Mortgage Choice expects there are many people who are wondering how they will cope with paying their mortgage without having a job.
Read moreSouthbank’s Newest Restaurant to be Shipped in
Pedestrians using the Southgate Footbridge this weekend may notice they are in the middle of a construction zone, when the shell of a new bar, is transported via barge and boat, to a unique “island site” beneath the bridge.
Read moreAustraland Wins UDIA Award For Torquay Project
A housing estate 90 minutes from town, has beaten several other estates closer to Melbourne, to win a major award for design excellence.
Read moreConstruction of A’Beckett Tower to Start Soon
The top end of the city will see a sleek new 33-level apartment building take shape from next year, after developer Pan Urban confirmed it will start construction of a 287-unit tower, just off Swanston Street.
Read moreHospitality Identity Damian Brown Appointed GM at Eynesbury Golf Course
Hospitality identity Damian Brown has been appointed as general manager for the Eynesbury Golf Course, the centrepiece of a major new housing estate and commercial centre, about 40 kilometres west of Melbourne.
Read moreBecton to Sell Abbotsford Office Park For $31 Million
Melbourne-based fund manager and developer Becton is believed to be formalising the sale of a prime riverfront office park and development site, opposite the Victoria Gardens Shopping Centre, in Abbotsford.
Read more350,000 Households Rescued From Mortgage Stress
Recent interest rate cuts have provided welcome relief for mortgage belts around Australia. In the vicinity of 350,000 households have been rescued from mortgage stress on account of rate cuts.
Read moreBP May be Second Tenant to Lease at 567 Collins Street
Petroleum giant BP may be the second major office tenant to lease space at an as-yet-unbuilt office building in Collins Street.
Read moreRMIT Fine Art Students Design Artwork For New Fitzroy Warehouse Complex
Some of history’s most memorable characters have been immortalised by RMIT Fine Art students, and form a major part of public gallery space at a new home-office development, at 49 Smith Street in Fitzroy.
Read moreClinton Casey to Sell Slice of Former Zeally Bay Caravan Park, Torquay
Former Richmond Football Club President Clinton Casey will sell the last remaining slice of the old Zeally Bay Caravan Park site in Torquay, after shelving plans to build a retirement community.
Read moreBaillieu St Georges Road Sale to Proceed, Agent Says
Speculation that the $16million sale of Diana Baillieu’s Toorak estate has fallen through has been dismissed by RT Edgar selling agent Warwick Anderson.
Read moreRMIT Fine Art Students Contribute to Fitzroy Warehouse Project
Some of history’s most memorable characters have been immortalised by RMIT fine art students, and form a major part of public gallery space at a new home-office development at 49 Smith Street in Fitzroy.
Read moreClinton Casey to Sell Remainder of Former Torquay Caravan Park
Former Richmond Football Club president Clinton Casey will sell the last remaining slice of the old Zeally Bay Caravan Park site in Torquay after shelving plans to build a retirement community.
Read moreLorne Shops Sell Before Auction
Consolidated Properties, a subsidiary of ASX-listed Trinity Group, has sold nine of 15 shops in the Victorian beach resort town of Lorne, in a week after the portfolio was put to the market.
Read moreInvestors Flock to Offices as Interest Rate Drops
Investors are steering clear of buying apartments, but recent sales suggest interest remains strong in commercial office suites.
Read moreRedevelopment of Kelly Brothers Market Garden Continues
Redevelopment of the former Kelly Brothers market gardens in Dandenong South is continuing, with 10 hectares of newly rezoned industrial land about to be sold to make way for factories.
Read moreMirvac May Sell Como For $200 Million
Beleaguered fund manager and developer Mirvac is believed to be formalising plans to sell its landmark Como building in South Yarra for about $200 million.
Read moreVictoria Almost 7,000 Homes Short
The HIA Victoria Outlook, the state’s most comprehensive report card on the residential sector, points to a rough short term outlook for residential construction.
Read moreHIA Welcomes New Planning Direction
The Housing Industry Association has welcomed the Victorian Government’s announcement today to extend the Urban Growth Boundary.
Read moreMelbourne’s Population to Hit 5 Million by 2036
Melbourne’s population is growing faster than expected, with government forecasting the city will need to accommodate an extra 1.8 million people by 2036.
Read moreEynesbury Estate Taking Shape in The West
Eynesbury – the “city meets country” housing estate being developed on farmland once owned by members of the Baillieu family, is taking shape west of Melbourne.
Read moreGlenneagles Homes Picks up Highest Accolade at Industry Award Night
Prestige builder Glenneagles Homes picked up the highest accolade at an industry award night, acknowledging Victorian designers, builders and building companies.
Read moreWhat is The Coburg Initiative (Coburg 2020 Initiative)
Coburg Activity Centre
The suburb of Coburg is approximately 8 kilometres north of the Melbourne Central Activities District on Sydney Road, the historic route from Melbourne to Sydney. The Coburg Activity Centre is a 42.5-hectare area within the suburb of Coburg. The activity centre is based around the Coburg town centre and the tram corridor along Sydney Road and has views to the Melbourne city skyline.
Read moreRavida Group Sells Penthouse at 333 Wattletree Road Malvern Development
The Ravida Group has reaped $2.05 million from the sale of the penthouse apartment at its latest Malvern project, 333 Wattletree Road.
Read moreElinora Mansion, Wheelers Hill, on the Market Again
One of Wheelers Hills most prominent home, Elinora, is on the market again.
Read moreSingles driving unit and apartment market
Singles of all ages; forming families of all configurations. Rich, poor. More Melburnians want to live alone, according to forecasters
Read moreOptus Moves Into Former Telstra Space, Bourke Street
Telecommunications retailer Optus has moved in on a prominent Bourke Street shop, recently vacated by Telstra.
Read moreMills Oakley Lawyers Leases Space at 530 Collins Street
General Property Trust has been delivered good news this week, with law firm Mills Oakley Lawyers leasing about 3,524 square metres – or more than 10 per cent – of ANZ Bank’s outgoing office space.
Read moreMyer Leases Space at QV
Myer has leased prominent retail space at a rival city shopping centre, while its own headquarters undergoes a massive renovation.
Read moreChurch of Scientology Cancels Auction
PROSPECTIVE purchasers and commercial real estate agents were left standing at the altar again this week, after the Church of Scientology abandoned the sale of its city headquarters, just hours before a scheduled auction.
Read moreKaisercraft Leases to Buy Its New Geelong Headquarters
Scrapbooking materials wholesaler Kaisercraft has taken advantage of flexible sale terms on offer at the moment, agreeing to lease a major Geelong industrial facility for two years – before buying it at a 2008-agreed price.
Read moreDeal Corp Announces New Apartment Building for Melbourne’s West End
It was arguably Melbourne’s most forgotten city block – at a dead end of town, dwarfed by a road and rail overpass, and inhabited mostly by backpackers.
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