An aged care provider has pounced on a large development site in Brunswick, the latest in a string of deals as the sector jostles to cater for an undersupply of beds in the inner and middle ring suburbs.
Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.
The owners of the Preston Market will move ahead with a $4 million revamp of the popular food halls despite opposition from local residents and traders.
Smaller commercial property transactions are in bull market territory, achieving record prices similar to the country's heated housing sector, as the Reserve Bank's latest rate cut drives a spike in activity.
Melbourne's booming education sector continues to drive demand for city offices, with a string of recent deals tying up nearly 6000 square metres of space.
Singapore-listed restaurant operator ABR Holdings has pulled the plug on a $20 million deal to develop a former insulator factory in Yarraville in Melbourne's west.
Woolworths' sale of its Masters stores will propel a consortium of wealthy private families to become Australia's largest retail landlord, overtaking shopping giant Harvey Norman.
Australia's corporate watchdog has rejected an attempt by 170 real estate agents to band together and collectively bargain for better ad rates on the dominant real estate websites and print publications owned by New Ltd and Fairfax.
Notable inner-city commercial properties are changing hands on tight yields amid strong competition from investors buoyed by low bank interest rates.
Global healthcare group Bupa has pounced on the former Oakleigh South primary school site, paying $23 million for the vacant block which it plans to turn into an aged-care facility.
Australia's largest residential property developer Stockland has reported an $889 million profit off the back of surging house and land sales which were up nearly 40 per cent on the year before.