VIC Real Estate and Property Market News

“For such a small pocket it really punches above its weight.”

The sprawling heritage property, complete with self-contained accomodation, last sold in 2016 for $5.1 million.

Movie star Mel Gibson once owned the homestead in a quiet rural area, which has just sold for a hush-hush sum.

The sellers paid $1.65m for the Californian bungalow in late 2020 and their renovation attracted five bidders, all locals, at auction.

A few clicks up the road is some of coastal Australia’s best real estate, where houses sell for ten times this asking sum.

Grant Rule sold his company, bought the second-most expensive home in Toorak and added a holiday home on the beachfront.

The social worker and her family moved to the suburbs to buy a four-bedroom house with a backyard, front yard and all the trimmings. Then they sold up.

The downsizer’s son bid on her behalf for the stylish one-bedroom home and embraced her as she broke down with joy after the hammer fell.

Dating back to around 1889, The Caledonian pub in South Melbourne has been transformed into a modern marvel, that’s on the market with $2.95 million price hopes.