Simon Johanson

Simon Johanson

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

Offshore buyers look to buy land as Melbourne city sites heat up

Development: The Williams family have sold their 12-hectare Cranbourne East farm to Shanghai-based property developer Artemis Hotel Group.

Simon Johanson and Marc Pallisco Recent transactions by mainland Chinese investors in land subdivision sites on Melbourne's outskirts may herald a shift in focus from the central city's heated development site market.

Greg Hocking sells South Melbourne development site for $4.7m

The proposed apartment and retail development in Park Street, South Melbourne.

Simon Johanson A prime development site in Park Street has been sold for $4.775 million.

German fund puts Melbourne's South Wharf Tower on the market

South Wharf Tower is among several premium office buildings on the market.

Simon Johanson Global demand has prompted a giant German property fund to offer a premium Melbourne office building on the south bank of the Yarra River.

GPT offloads Rouse Hill residential projects

The main street in Rouse Hill Town Centre.

Simon Johanson GPT Group has moved to offload two residential development sites in Rouse Hill as demand for premium projects soars.

Dexus snaps up Waterfront Place tower, Eagle Street Pier retail site for $635m

The deal values the complex at $9664 per square metre on a capitalisation rate of 6.9 per cent.

Simon Johanson Dexus will partner with the Dexus Wholesale Property Fund to each purchase a 50 per cent interest in Waterfront Place and the Eagle Street Pier retail complex in the city's so-called "golden...

Hot property doubles vendor's reserve in Essendon

Simon Johanson The heat in Melbourne's property market is not confined solely to residential homes in the city's leafy eastern suburbs.

Australand sells Coles supermarket for $22m

A Coles supermarket, within a few blocks of a rival Woolworths store, has been sold to a private investor before the building's completion in Berwick.

Simon Johanson The off-market transaction of a full-line Coles store to a Victorian-based private investor has been finalised on a sub 6 per cent yield.

Six more skyscrapers for Southbank under Malaysian developer's plans

An artis'ts impression of 93-119 Kavanagh Street in Southbank, part of a billion-dollar project from listed Malaysian group PD Development Holdings.

Simon Johanson A two-hectare block bound by the Westgate Freeway, Kavanagh, Balston and Power streets could soon be home to four residential towers, a commercial office and multi-storey hotel under a Malaysian...

Skyscraper to soar over Gucci's Russell Street store

An artist's impression of a skyscraper proposed for 14-22 Russell Street (on left).

Simon Johanson A slim 43-storey tower proposed for the southern end of Russell Street will add substantial new office space to Melbourne's saturated city market.

Geelong office step closer for WorkCover

An artist's impression of Quintessential Equity's $90 million office proposal in Geelong that will merge with the historic Dalgety & Co building.

Simon Johanson A two-stage tender for WorkCover offices will mean at least one A-grade building is constructed in the Geelong city centre.

Fitzroy rooming house for sale

Auction generic

Simon Johanson A community housing group will offload a former Fitzroy rooming house located in two heritage Victorian terraces opposite the picturesque Carlton Gardens.

Student digs get radical shake-up

An artist's impression of Scape's student studios on Swanston Street.

Simon Johanson Australia's traditionally dingy student digs are set to get a radical shakeup as big overseas-based student housing providers target east coast cities.

Supermarket sales heat up, and overseas buyers pounce

Supermarkets are attractive propositions for overseas buyers, thanks to the lower Australian dollar.

Simon Johanson Offshore buyers have snapped up two Victorian supermarkets within a 24 hour period.

Pace of development picks up in Abbotsford

The view down Johnston Street in Abbotsford.

Simon Johanson Another slice of industrial Abbotsford will be converted to inner-city apartments following Pace Development Group's purchase of a former Johnston Street warehouse.

Crown's casino signage bet illuminates defeated Victorian planning minister

Crown Casino on Southbank has played and won at the Victorian Civil and Administrative Tribunal.

Simon Johanson The gambling motto 'the house always wins' is not just confined to the Blackjack table - it appears to apply to Melbourne planning decisions too.

Legal and building issues swamp distressed homeowners

Owners of alleged substandard townhouses in the Rangeview estate, Diamond Creek. From left, Myra Theisz, with seven-month-old Eli  and Bonnie, 2, Andy Rhodes and Erin Robertson, with her dog Wilfried.

Simon Johanson Buying a townhouse in Diamond Creek almost ruined Steve Balfour.

Regulators, government fail homeowners suffering building problems

One recent landmark case forced Australia's largest home builder, Metricon, to pay damages after a faulty slab rendered a house uninhabitable.

Simon Johanson Government inaction, lax registration of builders and poor oversight of surveyors is having a "profound" impact on homeowners and renovators, Victyoria's Auditor-General says in a scathing report on...

Harry Stamoulis tower shops sell amid Collins Street resurgence

Simon Johanson A $9 million deal for five shops in a Collins Street tower has been negotiated.

Bunnings shifts focus as it upsizes store network

Bunnings' focus has shifted from smaller

Simon Johanson Bunnings' focus has shifted from freehold development back to leasehold, in a move designed to take advantage of tighter yields for commercial assets while it ramps up its national conversion of...

Pocket rocket suburb Cremorne takes off

The former Bond Imaging building and car park in Gwynne Street, Cremorne, has sold for $9 million.

Simon Johanson Two individuals have paid $9 million for the former Bond Imaging building and car park in Gwynne Street, Cremorne, a near-record rate of $4500 per square metre.