Business

Property

Prices in Melbourne inched 0.1 per cent higher but are still down 1 per cent over the past month.

House prices slip again

Melbourne and Perth were the only major capital cities to escape a property price dip last week.

An offshore investor has secured a 280sq m vacant mixed use property at 223 Park Street, South Melbourne, for $2.5 million.

South Melbourne office values soar

A two-storey terrace office at 223 Park Street has soared in value by more than one third over two years. The property sold for $1.6 million in 2015 before selling again recently to an overseas investor for $2,528,500, a 36 per cent rise.

Levels four and five at 100 Collins Street are for sale.

Strata sale sets new record

The sale of Victoria Chambers on Lonsdale Street has set a record for strata office investments in the legal precinct.

Myer is nearly halfway through a five-year turnaround strategy to fix its ailing bottom line.

Australia's department store merry-go-round

Department store retailer Myer has executed another step in its turnaround strategy cutting its footprint in its Docklands headquarters by more than one-third.

Small Business

'We never got close to making the GST threshold'

Running a bed and breakfast didn't turn out to be as lucrative for this reader.

The Goods and Services Tax has been a part of the Australian business landscape for almost 17 years now. There have been some changes over that time, such as the increase in the income threshold requiring compulsory GST registration up to $75,000, but in many ways the GST system is largely unchanged.