Simon Johanson

Simon Johanson

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

Legal and building issues swamp distressed homeowners

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.

Fitzroy's Historic Lyric theatre to make way for 158 apartments

Simon Johanson Martin Strode, the developer behind the 17-level former Yorkshire Brewery apartment complex, will raze Fitzroy's historic Lyric Theatre after getting approval from planning authorities.

Cartier looks for luxury on other side of Collins Street

The Cartier Store on Collins Street, in the Melbourne CBD.

Simon Johanson Luxury jeweller Cartier will upgrade its Collins Street store after striking a deal to move into a Mirvac-owned tower on the opposite side of the street from its current location in the prestigious...

Investors eye leasehold pubs as Vincent Hotel changes hands

Simon Johanson and Marc Pallisco Spotless chief executive Bruce Dixon, who last month announced he would step down from his top corporate job to help his son, Michael, with his hospitality businesses, will have another high-profile...

Melbourne offices in demand as offshore money floods in

A flood of money from China into Australian assets shows no sign of slowing down.

Simon Johanson Melbourne property player Harry Stamoulis will take advantage of heightened investor interest in the commercial office sector, moving to list two city buildings on Williams and Spencer streets.

MasterChef star George Calombaris' Gazi and Press Club property up for sale

The property leased to George Calombaris' Gazi and Press Club restaurants is for sale with expectations of around $9 million.

Simon Johanson One of Melbourne's best-known dining destinations is on the market.

Colourful businessman and Woolworths plan supermarket on Caulfield site

Frank Penhalluriack.

Simon Johanson Colourful businessman Frank Penhalluriack has struck a deal with retail giant Woolworths to develop a supermarket and apartment complex on his Caulfield building supplies site.

Vantage's vulture fund offloads industrial assets

Boutique property fund manager Vantage Property Investments has sold three industrial properties it brought at the peak of the global financial crisis for $17.6 million on an overall passing yield of 7.4 per cent. They included 23 Fiveways Boulevard, in Keysborough, which sold for $6.5 million on a 7.6 per cent yield to Australian Unity.

Simon Johanson Boutique property fund manager Vantage Property Investments has sold three industrial properties it brought with a "vulture" fund at the peak of the global financial crisis.

Floating palaces: Luxury houseboats build up on Lake Eildon

Luxury cruise: The $2 million boat Legacy.

Simon Johanson Lake Eildon's houseboats are getting bigger and bigger.

Woolworths reignites bid to find North Melbourne development site buyer

Simon Johanson Supermarket chain Woolworths is trying again to find a buyer for a development site that has permits for a supermarket and an apartment complex.

Surplus state land sales surge despite new Andrews government

Simon Johanson At least a dozen disused schools are set to be sold by competitive tender this year as government departments clear a backlog of land and buildings identified in an audit of state assets.

Tax will add $15,000 to price of average city apartment

The property sector is worried the new tax will deter offshore buyers and drive away investors to other states.

Simon Johanson A new tax on foreigners buying property in Victoria will add about $15,000 to the price of an average city apartment, the state government has revealed as it defends the extra stamp duty fee in the...

Sunshine Plaza in Melbourne's west sells for $35 million

The sale of Sunshine Plaza is Victoria's largest neighbourhood centre deal this year.

Simon Johanson Local appetite for supermarket-anchored shopping centres shows no sign of slowing down, fuelled by the low cost of debt.

Spiritualists find new wealth in A'Beckett Street site sale

Simon Johanson A building in A'Beckett Street has sold for well above the asking price.

Judge says landlords can't pass on building safety costs to tenants

Simon Johanson Landlords cannot pass on the cost of essential safety measures such as fire extinguishers, exit signs, compliance reports and sprinklers in their Victorian buildings as outgoings to commercial...

Budget fudges property taxes: industry

Two new taxes on foreign property buyers will help top up the state coffers by a forecast $330 million.

Simon Johanson The Labor state government's first budget will put put cranes in the sky, roads on the ground and tunnels in the earth but it didn't clarify who exactly will be affected by new taxes on foreign...