Melbourne's Theosophical Society will need to find a new spiritual home after selling its Russell Street headquarters for about $23 million
Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.
All buildings that have used flammable cladding will need to have it removed, an operation likely to cost billions of dollars, the head of the Victorian Building Authority says.
Diversified property group Mirvac has sold a half-share in its signature Olderfleet development in Melbourne at a benchmark price that will help re-rate premium office values in Australia's east coast office market.
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.