Commercial and residential property news
Consumer Affairs Victoria (CAV) has developed new guidelines for real estate salespeople and a fact sheet home buyers in response to industry and public concerns about property price underquoting.
Industry experts unanimously agree the recent surge in real estate values in Melbourne is unsustainable.
Read moreIt was once the heart of the citys financial centre, and is said to occupy the best position on Collins Street. But for almost fifteen years, the former Australian Stock Exchange Melbourne headquarters at 357 Collins Street has sat derelict and vacant.
Read moreA 1970s double fronted, double-storey brick veneer is expected to smash the record as the most expensive pile of real estate in Williamstown.
Read moreInvesta is believed to be formalising a deal to buy the last two development sites at the Botanicca Corporate Park in Richmond.
Read moreMacquarie Direct Property Fund has revealed itself as the buyer of the former Zurich office building at 71 Queens Road.
Read moreYarra Valley Farms has leased a 2800 square metre office building and warehouse in the inner-western suburb of Yarraville.
Read moreTelstra’s decision to relocate around 4000 employees to the outer south-eastern suburb of Clayton, will blow out vacancy levels in several suburban office markets from 2009.
Read moreFoster’s move raises speculation it will eventually offload its iconic CUB Brewery site, which sits on 9 hectares of riverfront land overlooking Kew’s Studley Park. Industry insiders are divided about whether this will happen.
Read moreIt was an accident waiting to happen.
In one corner, cashed up and trusting investors wanting to get the best returns out of their savings.
In the other corner, sales people for a property scheme, posing as financial advisers – earning a commission from every dollar they can get you to invest.
Read moreWhile much of the industry’s attention of late has focused on Melbourne’s blue ribbon suburbs – record prices are being achieved in other parts of Melbourne as well.
Read moreGrocon’s controversial Eureka Tower picked up the highest gong at the Victorian division of the Australian Property Institute’s Excellence in Property Awards Gala Dinner held last week at Crown Casino.
Read moreStylish, well dressed, well fed and well loved, South Yarra has been a magnet for Melbourne’s bourgeoisies ever since it established as a suburban retreat from town in the mid 1830s.
Read morePossibly the least inspiring suburb name in Australia, Airport West is located about 12 kilometres north-west of the Melbourne CBD.
Read moreAlbert Park (which includes the precinct known Middle Park, which shares the same 3206 postcode) is an exclusive inner-city suburb located about 3.5 kilometres south-west of the Melbourne CBD.
Read moreFairfield (and Alphington, which shares the same 3078 postcode) is a riverside suburb about 6 kilometres north-west of the CBD.
Read moreAltona is a bayside suburb about the same distance to the Melbourne CBD as Brighton – as the crow flies.
Read moreArdeer is one of Melbourne’s smallest suburbs by geographical area, occupying only a few square kilometres about 20 kilometres west of the CBD.
Read moreAn as yet undisclosed purchaser is believed to have broken the record for a house price in South Yarra.
Read moreArmadale is one of Melbourne’s most understated and elegant suburbs.
Read moreVictorian State Treasurer John Brumby can expect to collect more than $52,000 in stamp duty from the sale of a Footscray home he used to live in.
Read moreAscot Vale is in inner-city suburb about 6 kilometres north-west of the Melbourne CBD.
Read moreAshburton is a leafy suburb about 14.5 kilometres south east of Melbourne.
Read moreSeventeen kilometres south east of Melbourene, Ashwood is bound by Ashburton, Burwood, Mount Waverley and East Malvern. Its nearest train
Read moreThe leafy suburb of Balwyn, and the neighbouring suburb of Balwyn North, are located about 16 kilometres east of the Melbourne CBD.
Read moreThe suburb of Bayswater and neighbouring suburb of Bayswater North are located about 35 kilometres east of the Melbourne CBD.
Read moreTHE Spring sale season has begun!
And with real estate prices just shy of their 2001 peak, Spring 2006 might be the season for new records.
Where do industry insiders say we should be looking?
Read moreThe bayside suburb of Beaumaris is located about 23 kilometres south of the Melbourne CBD, around the 115 hectare Ricketts Point Marine Sanctuary and Beaumaris Bay – a small part of Port Phillip Bay.
Read moreMelbourne’s 284,000 renting households are finding themselves caught between a rock and a hard place.
On the one hand vacancies for rental properties are at an all time low 1.7% – and landlords know it. This is especially true in inner city suburbs such as Carlton, Richmond and South Yarra, where vacancy is just 1.5%.
Read moreFootloose and fancy free female seeks accountant, bank lender and real estate agent – for date with financial security.
That’s right, girl power is ripe in Melbourne’s real estate game, and it’s a trend that doesn’t look like slowing any time soon.
Agents say the days of women waiting for a man to get into the property market are gone. Waiting for blokes, especially those that have their act together, costs money – and smart girls aren’t waiting around to watch opportunity pass them by.
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