Notable inner-city commercial properties are changing hands on tight yields amid strong competition from investors buoyed by low bank interest 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.
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.
Investors are taking advantage of low interest rates to bolster their property portfolios, snapping up several key Sydney and Melbourne commercial buildings.
Melbourne's famed high-rise, glass-bottom pool at the Adelphi Hotel, which hangs nine storeys above Flinders Lane allowing passersby a see-all view of swimmers, is about to be cut short.
Melbourne's City Square will be compulsorily acquired by the state government to make way for work on the new metro rail project.
Telstra has lost a bid to turn its increasingly redundant city phone booths into "whopping big TV screen" electronic billboards.
It's not quite in the territory of the major banks but diversified property giant Mirvac's full-year profit has shot above $1 billion on the back of Australia's booming real estate market.
Housing rents have fallen in all Australian capital cities apart from Hobart and Melbourne, data shows.
A consortium headed by Melbourne businessman John Shalit has moved to offload a two tower development site in Albert Road opposite Melbourne's famed Shrine of Remembrance.