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