Simon Johanson

Simon Johanson

Property Editor at The Age and BusinessDay journalist for Fairfax's,, and

Student towers face uncertain future under new metro rail plans

Simon Johanson The state government approved two towers up to 54 storeys tall on sites in La Trobe Street just months before announcing they might be compulsorily acquired to make way for the new $11 billion metro...

Not-for-profit Yooralla cashes in on property boom

Yooralla building at 248 Flinders Street, Melbourne, which was sold for $25 million.

Simon Johanson Disability service provider Yooralla has sold its three-storey art deco former headquarters on Flinders Street for a speculated $25 million as it joins a growing list of not-for-profits cashing in on...

Apartment owners fight to shut doors to short-stay operators, Airbnb

Simon Johanson Transient tenants leasing inner-city apartments through US-based websites like Airbnb and Couchsurfing are causing headaches for apartment dwellers, clogging lifts, making noise and damaging fittings.

Cost of compensation for metro rail set to soar above $500m

The state government says 44 buildings covered by 94 property titles will be acquired to make way for the new metro line.

Simon Johanson and Nicole Lindsay The cost of compulsorily acquiring prime Melbourne buildings may significantly exceed the $500 million set aside for compensation.

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Ingenia moves into greenfield development buying Lakeside Lara for $16.3m

Ingenia Communities Active Lifestyle village Lakeside Lara.

Simon Johanson Accommodation provider Ingenia Communities has acted on plans to move into greenfield development purchasing Lakeside Lara, a partially-built village of 56 complete homes and 164 development sites.

Villa World in joint venture with China-focused Ausin Group

Ausin Group's Joseph Zaja has built a network of agents in China that sell stock for Australian property players.

Simon Johanson Villa World and Ausin Group will team up to sell "premium price point house and land" packages at a 148-lot development in Rochedale, south-east Queensland.

McIntyre's collapsed land banking scheme faces liquidation

Administrators' claims are another blow to Jamie McIntyre's controversial business.

Simon Johanson and Royce Millar Administrators say more than $22 million was siphoned off through inflated commissions, "shadow director" fees and undocumented payments from a collapsed land banking scheme near Bendigo promoted by...

Planning uncertainty puts heat in City Road development sites

Simon Johanson New planning rules requiring minimum setbacks and plot ratios on city development sites may be driving up the value of land with existing permits, agents suggest.

Approved La Trobe Street tower to be one of the final thrusts of a 'bygone era'

Simon Johanson and Nicole Lindsay A soaring 44-storey tower in La Trobe Street may be Melbourne's last testament to the man dubbed "Mr Skyscraper" – Liberal Opposition Leader Matthew Guy – after the high-rise from a...

Koreans snap up ATO offices for $230 million

Korean-based FG Asset Management has just bought its second Australian Taxation Office building.

Simon Johanson Korean-based FG Asset Management has pounced on another Australian Taxation Office building, this time in Albury, in a deal that will hand Andrew Roberts, whose family founded the construction group...

Polaris lights up Bundoora as investors target retail site near La Trobe University

The Polaris 3083 development in Bundoora.

Simon Johanson Developer DealCorp is set to begin construction on shops in a building that will also house 22 apartments – called Summit 22 – on its Polaris estate next to La Trobe University.

Administrators appointed to property spruiker Jamie McIntyre's companies

Administrators' claims are another blow to Jamie McIntyre's controversial business.

Royce Millar and Simon Johanson The Federal Court has appointed administrators to a string of land-banking companies run by property spruiker Jamie McIntyre amid concerns about millions of dollars sunk into the schemes by investors.

Pub doors open for Dixon Hospitality Group

Dixon Hospitality Group has snapped up the Imperial Hotel as part of a deal with the Open Door Pub Co.

Simon Johanson A deal with the Open Door Pub Co will make Dixon Hospitality the largest non-gaming pub group in Australia.

Life in Brunswick points to redevelopment of Sydney Road pub and motel

Simon Johanson Irish-themed watering hole Bridie O'Reilly's, which is on the corner of Sydney and Brunswick roads, is being offered to buyers as a potential five-storey development site, although it's also likely...

Australian Unity adds Rowville industrial site to property fund

Simon Johanson Australian Unity's Diversified Property Fund has snapped up a Rowville property in a tightly held industrial pocket on an initial yield of 7.6 per cent.

Target on track to move to new distribution centre in Melbourne's west

Target will build and occupy a new distribution centre to service its Victorian outlets.

Simon Johanson Target is close to finalising a deal for a new 61,300 square metre distribution centre in Truganina as part of a broader $300 million upgrade of its facilities in Australia's main cities.

Property spruiker Jamie McIntyre called a ‘conman’ by senators seeking lost millions

Property spruiker Jamie McIntyre was grilled at a Senate hearing on Wednesday over missing investment funds.

Simon Johanson and Royce Millar Property spruiker Jamie McIntyre was accused of being a "conman" and an "evasive witness" in a fiery Senate committee hearing.

Buyer may lose $45m with Eynesbury deal in jeopardy

Simon Johanson A $60 million deal to sell the vast Eynesbury estate in Melbourne's west looks in jeopardy after listed developer Villa World issued a default notice to the Malaysian-backed buyer, potentially...

Eyewear shop sells for $15m

Simon Johanson A local Malaysian-linked investor has paid $15 million for a prime Bourke Street property leased to eyewear retailer OPSM.

Planning Minister Richard Wynne's new rules claim first development victims

Simon Johanson Planning Minister Richard Wynne has stunned the property industry by introduiong interim planning rules requiring minimum setbacks and plot ratios, effectively reining in extremely tall and...