Box Hill high-rise boom gathers pace
A string of strong sales in Box Hill show developers have turned their focus to Melbourne's eastern suburbs, dramatically bumping up land rates.
Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.
A string of strong sales in Box Hill show developers have turned their focus to Melbourne's eastern suburbs, dramatically bumping up land rates.
A low-rise apartment block on Melbourne's leafy St Kilda Road boulevard has been snapped up by a Taiwanese developer handing Singapore-listed construction and property company Lian Beng Group a tidy $10 million profit.
The former home of Kozminsky jewellers in Melbourne's Bourke Street has changed hands for $7.6 million after being snapped up by Melbourne's Giannarelli family, setting a new benchmark land rate in city.
Big-box retailing is in for its biggest shake-up in years.
The Muir family, who hit the jackpot with the sale of The Good Guys to JB Hi-Fi last year for $870 million, have added another $92 million to their fortune selling bulky goods stores leased to the retailer.
The renaissance of East Melbourne's office market may be just around the corner after boutique developer Time & Place submitted plans for a 11-level office tower on the corner of Victoria Parade and Lansdowne Street.
Malaysian developer OSK Property is firmly staking its $2.8 billion mixed-use complex Melbourne Square on a rise in owner-occupier demand with 78 per cent of apartments offered having two or more bedrooms.
A bitter, protracted legal stoush between two deep-pocketed Singaporean property owners has stalled a 71-storey skyscraper planned for Melbourne, leaving hundreds of apartment owners in limbo.
Cadence Property Group has sold a 7-Eleven petrol station off-the-plan for $5.41 million as service stations and convenience stores with long leases continue to attract small investors.
The heavily-indebted Chinese owner of Darwin Port, who is struggling to make payments on money borrowed to pay for the port lease, is offloading two large development sites in Melbourne worth $40 million.
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