Property owners cash in on winning west
The Bulldogs football team weren't the only winner in Melbourne's western suburbs recently, with a string of property deals in Williamstown's retail strip scoring goals for vendors.
Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.
The Bulldogs football team weren't the only winner in Melbourne's western suburbs recently, with a string of property deals in Williamstown's retail strip scoring goals for vendors.
Melbourne's once-coveted retail strips are struggling to reinvent themselves and fill empty shops, with almost one in six vacant on key strips like Chapel Street and Bridge Road.
Melbourne's apartment boom has resulted in soaring numbers of central city property owners defaulting on rate notices.
Listed Singapore property developer Sing Holdings has snapped up a Travelodge hotel in Melbourne's Docklands for $107 million.
Convenience store king 7-Eleven is quietly re-weighting its property portfolio in the wake of a recent wages scandal.
Jim Allen has owned Tavistock House since 1993. "It's got good karma," says Mr Allen about his building. It was once the home of one of Melbourne's first pubs.
Australia's richest woman has reached an agreement to purchase one of the country's largest cattle stations for $365 million just months after federal treasurer Scott Morrison knocked back Chinese buyers on "national interest" grounds.
Ford faces a long and costly process to decommission its manufacturing plants before it can sell its large landholdings on Melbourne's outskirts in Campbellfield and Geelong.
Self managed super funds are growing their investments in crowd-funded and syndicated development projects, developer OpenCorp says.
Billionaire developer Lang Walker has snared another tenant for his $2.5 billion Collins Square precinct, securing a major tenancy with the corporate education arm of Deakin University.
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