Commercial real estate
Yang family selling Bexley North pub in a frothy market
The Yang family is selling the sprawling Bexley North Hotel, which has the potential to be redeveloped as a mixed-use site.
- by Carolyn Cummins
Latest
High-end art and car prices drop as the ultra-rich tighten belts
High-end art work and upmarket jewellery are the most sought after collectables for the ultra-rich investor, but with recession concerns and rising interest rates, even those with cash are scaling back on over spending.
- by Carolyn Cummins
Analysis
Development
‘Recovery fragile’ but land sales show first green shoots
Land sales for new housing at greenfields estates across Melbourne and Geelong rose 13 per cent in the second quarter, ending a run of six straight quarterly declines. The median lot price also jumped 1.3 per cent to a record $385,000.
- by Stephen Miles
Shepparton Dan Murphy’s changes hands for $13 million
A Dan Murphy’s outlet supported by an Aldi supermarket and five speciality retailers in Shepparton has been sold for $13 million.
Exclusive
Hotels
Backpackers to flashpackers: The new global travellers
The return of backpackers and budget travellers has sparked a renewed demand for hostel-style accommodation, but ones that offer a higher standard of technology and amenities that will cater for a new wave of travellers.
- by Carolyn Cummins
Analysis
Childcare
Why childcare is the ‘shining star’ of the property market
Rising interest rates, inflation and working from home may have knocked the wind out of the commercial property market, but childcare is quickly emerging as the standout performer in the sector.
- by Stephen Miles
Sale standout a bright spot in depressed office market
A property investment syndicate has snapped up a trophy office building in one of Melbourne’s most affluent suburbs.
- by Nicole Lindsay
Parramatta office vacancy hits record high, creates opportunities for tenants
The surge of new developments in Sydney’s west has comes as the area prepares for the impact of the city’s second airport.
- by Carolyn Cummins
Port Melbourne’s popular Pier pub up for sale
After 23 years, the owners of Port Melbourne’s Pier Hotel have put the popular pub up for sale.
- by Carolyn Cummins
Government slashes office space in the biggest city leasing deal in four years
The state government has signed a lease for more than 18,600 square metres of office space in a new 10-storey, energy-efficient building on Victoria Parade.
- by Nicole Lindsay
Office and retail sales deals the lowest for a decade
Over the past three months alone, the rate of sales across all sectors of office, industrial and retail assets collapsed by 61 per cent.
- by Carolyn Cummins