A tale of two suburbs and how COVID has changed the way we shop

High Street Armadale, with its mix of high-end fashion and general retail, drinks, restaurants and services, is ‘flying’ according to market analysts, with a store vacancy rate of around 10% , according to property consultancy Plan1, compared to 22 percent in the CBD. The commercial center has benefited from a large number of professionals... Read More

SP Setia sets $500m price tag for Shangri-La

SP Setia, owned by Permodalan Nasional Berhad in Malaysia, is selling its 500-room hotel project in Shangri-La Melbourne for $500 million. The 4140 m² site at 308 Exhibition Street has been purchased by SP Setia in May 2016 from Telstra for $101 million. If SP Setia gets its asking price, it will translate to... Read More

Cautious banks could change their approach to home loans in flood-prone areas

“Lenders take that into consideration at the time of the natural disaster – at the time or right after, up to 12, 18 months after – in terms of whether they’re lending,” he said. “The expert wants to confirm that it is still standing, that it still has four walls and a roof and... Read More

Abacus eyes $250m windfall from Melbourne super site

A major development site in Melbourne’s east is expected to net co-owners Abacus Property Group and developer Gillon Group more than $250 million, nearly 30 times an initial investment. The 14-hectare super-site in East Bentleigh was once a WH Wills cigarette factory before it was converted into a Virginia Park retail estate by the... Read More

How to Sell Your Home Yourself: FSBO Guide

6 Steps to Selling a Home by Owner If you’ve weighed the pros and cons and want to sell your home yourself, it’s time to think about the steps in the process. With this roadmap in mind, you’ll be ready to navigate the home selling process from start to finish – no agent needed!... Read More

Leigh Fisher’s Real Estate Journey | news.com.au — Australia’s leading news site

The former Saint turned AFL referee kept his first home in the family, but his dream pad is said to be tucked away in an interstate coastal pocket. Leigh Fisher is a former St Kilda player who is now an AFL pitch referee. He played 55 games for the Saints and refereed 174 AFL... Read More

Wells Fargo profit rises 86% on increased lending, cost-cutting measures

Wells Fargo beat analysts’ estimates for fourth-quarter profit on Friday as a rebound in U.S. economic growth encouraged more customers to take out loans and the bank maintained tight control over costs. Profit jumped 86% to $5.8 billion, or $1.38 per share, flattered by a $943 million gain from the sale of the bank’s... Read More

Bank loans to government increase 23% in nine months, reaching 2.1 billion naira

Posted January 11, 2022 Bank loans to the government increased by 22.59%, reaching 2.17 billion naira at the end of September 2021 against 1.77 billion naira recorded in December 2020. This represents an increase of 400 billion naira over the nine-month period. This was included in the Central Bank of Nigeria report titled “Sector... Read More

The real estate industry weighs on the residential market 2022

Australia’s white-hot housing market has seen massive gains in value over the past 12 months as record interest rates and an acute shortage of homes for sale fueled a sales frenzy. Thanks to the federal government’s HomeBuilder program, a huge volume of homes are currently under construction across Australia as buyers continue to... Read More

Prime Property: Melbourne’s Best Suburbs

Melbourne is often recognized as one of the best cities to live | Source: Getty Images Frequently on the list of the world’s most livable cities, Melbourne has rightly earned a reputation as a culturally vibrant, exciting and beautiful place to live. Characterized by a thriving cafe culture and culinary scene, people of... Read More

Happy Hour! Seven pubs for sale this summer

The Imperial Hotel in Murwillumbah has been completely restored. Allison Worrall|Dec 17 2021 Facebook It’s been quite a year for those involved in beer and pub food. Hotels and bars are feverishly changing hands at a breakneck pace for prices that would have seemed unimaginable just a few years ago. This week, news... Read More

Guide to the St Kilda area | A local guide in St Kilda

St Kilda’s past is as colorful as its present. Long considered Melbourne’s seaside playground, it was first known for its elite holiday culture in the mid-19e century, before moving on to its chapter of red light entertainment district in the 1950s and 1960s. The suburb quickly became a haven for artists, musicians, and a... Read More

Real Estate Law 2021 – Conclusion of Victoria

Important Victorian convoy cases from 2021 • Burger & Ors v Longboat Holdings Group2 Pty Ltd (2021) v ConvR ¶54-952; VSC 469. This decision concerned the right of a purchaser to terminate an off-plan contract under Section 9AC (2) of the Sale of Land Act 1962 due to changes in the plan of... Read More

[+] Sales slow as hotel market recovers

Up to 15 Australian hotels have been closed this year due to sellers’ unrealistic price expectations as buyers wait patiently for reasonable offers to be accepted. Two years of a global pandemic – with little sign of it really easing – means picky buyers can spend months haggling over prices while they wait for... Read More

Corporate Ladder: Your Weekly Guide to Executive Meetings

Eamonn Ansell Kelly menzies The real estate fund makes two appointments to management positions Adelaide real estate investment firm Leyton Funds has recruited long-time CFO from Rivergum Homes Kelly menzies and Mirvac Asset Manager Eamonn Ansell to his team. Ansell – whose career has spanned Adelaide, Melbourne and Sydney with LJ Hooker, JLL and... Read More

What it’s really like to live in a hotel all year round

They hope to benefit from economies of scale and to have a hotel sharing the maintenance costs. For the promoter, the injection of cash from the sale of apartments makes it possible to obtain bank guarantees of financing for the construction of the hotel element. This is a model that has worked well elsewhere.... Read More

Property Fit author Luke Harris explains how to build a real estate portfolio

The Queensland man has bought over 29 properties, but has spent a decade living in a two-bedroom apartment and insists money doesn’t make you happy. Despite a huge real estate portfolio of more than 29 homes with a combined value of $ 18 million, Luke Harris insists his huge batch of residences are... Read More

AirTrunk founder Robin Khuda takes over St Kilda shops and bar in $ 35million madness

Though considered one of Melbourne’s most run-down shopping streets, Fitzroy Street could be on the cusp of a revival led by compatriot Rich Lister Tim Gurner, who plans to develop an upscale boutique hotel at 99 Fitzroy Street and the Erdi Group. , who is hoping to convert the Rydges St Kilda at 35... Read More

Twisted Vine Brewery to open bar and brewery in East Village

Another brewery joins the booming craft beer scene of downtown Des Moines. On Monday, Twisted Vine Brewery signed a lease to occupy the 7,500 square foot space that has long housed The Garden nightclub in the East Village. The club moved earlier this year to make way for a $ 6.3 million renovation... Read More

Some of your ideas for Docklands …

In the October issue of News from the Docks, we asked you, members of the local community, to share some of your thoughts and ideas for the future of our post-COVID enclosure. As we emerge from the pandemic, we are inviting as many locals as possible to add their voices to the discussion... Read More

Lord Nelson of Sydney is expected to sell over $ 35million

The Lord Nelson Hotel, a three-story sandstone building, last sold for $ 750,500 in 1986. Larry schlesinger|03 November 2021 Facebook Sydney’s oldest licensed pub and one of its most famous watering hotels, the Lord Nelson Hotel and Brewery at The Rocks went on sale for the first time in 35 years, Built from locally... Read More

Alfred rents the entire St Kilda Rd building

Alfred Health rented an entire office on seven levels adjoining his Prahran hospital. The eight-year commitment to 541 St Kilda Road (pictured, top) – 8,247 square meters and 126 parking lots – fills the rental recently vacated by Seek. Kenny Thorburn of Thorburn Commercial and Ben McKendry of Cushman & Wakefield represented the... Read More

KKR buys Sofitel Sydney Wentworth Hotel for $ 315 million

Sydney’s very first five-star hotel: the Sofitel Wentworth sold for $ 315 million. Carolyn Cummins|October 31, 2021 Facebook Private equity giant Kohlberg Kravis Roberts (KKR) took over the Sofitel Sydney Wentworth hotel, a Liberal Party haunt on election night, for $ 315 million as the tourism sector under siege is ready for a revival.... Read More

Village Belle is banking on an exceptional summer and a new owner

Earth ahoy Developer Poly Australia is selling a major Richmond development site, an L-shaped piece of land on Bridge Road that wraps around Lennox Street. The 3,531 m² super-site at 150-152 Bridge Road and 195 Lennox Street was purchased in 2016. Poly initially planned for a residential project but moved to offices in... Read More

Benita Willis: Olympic long-distance runner selling her home in Richmond

Long-distance runner Benita Willis is set to auction off the house where she hosted track stars including Mo Farah and walked around from the ‘G to compete in the Comm Games. Four-time Olympian Benita Willis was listed with her longtime home in Richmond overlooking the CWM. The long-distance runner told Property Confidential she... Read More

Frank interest in St Kilda’s iconic Village Belle Hotel for sale by JLL

Melbourne’s pub investment market continues to intensify with the sale of the freehold interest in St Kilda’s iconic Village Belle Hotel, which bills itself as one of the hotel investment deals the most anticipated of recent years. ‘La Belle’ is being offered exclusively for sale via JLL’s Will Connolly, Stuart Taylor, Tom Noonan... Read More

Melbourne’s 50 most liveable suburbs revealed

The city’s 50 liveliest suburbs – praised for their parks, shops, great schools and more – have been revealed. See the list. Fitzroy, Carlton and East Melbourne are the liveliest suburbs in the city, with inner suburbs being praised for their proximity to parks, shopping, good schools and more. And trendy spots like... Read More

Drift in ‘out of control’ stamp duties is hurting listings and housing affordability: REIA, SQM Research

Real estate experts say the stamp duty drift is “completely out of control”. See how bad it has become in your city. Australian stamp duty costs are “completely out of control” as “fork creep” reduces the number of homes for sale and fuels affordability problems, real estate experts say. A new report from... Read More

Neale Whitaker’s design tips for transforming your home into a home

At the risk of crushing Carrie Bradshaw, are we sacrificing our personal tastes in favor of an imaginary real estate checklist? If you are planning to sell your home next year, then maybe those bright yellow craft tiles you just fell in love with are not recommended. But if this is your forever... Read More

Covid-19 Victoria: the state will see 18,000 cases of Covid in a few weeks and 800 people in hospital

Entire Victorian families test positive for Covid before a member even knows they are infected with the virus. Concerned health officials blame the discovery as the reason the state’s rapidly spreading Delta epidemic is on track to reach 18,000 active cases in a matter of weeks. “We find cases where entire households are... Read More

Affordable pockets in Melbourne’s most expensive suburbs: Toorak, Malvern, South Yarra, Brighton

Homebuyers can save millions by targeting affordable pockets of elite zip codes. Check out our map to find out which parts of the better suburbs cost less. Shoppers can save millions by buying into more affordable pockets of Melbourne’s most elite postcodes, new research shows. Typical home prices drop as much as $... Read More

13 of the best properties for sale in Victoria right now

Add this selection of must-see properties across the state to your wishlist. 41 Stanhope Grove, Camberwell VIC 3124 This perfect family home has a lot of appeal. Set in manicured gardens with a curving driveway, the Federation elegance of the house is well preserved. Orwell, circa 1903, features a beautiful return verandah, chants,... Read More

Goldman Sachs Opposes ‘Strapping’ As Cheap Loans Launch

Strict bank rules push real estate prices up: Goldman Sachs steps in row of fences as lowest mortgage rate on record is launched Goldman Sachs warned banking rules sparked mortgage price war This is what drives home prices up with the cheapest home loans ever By Emma Dunkley and Helen Cahill, Financial Mail... Read More

Aware Super lines up a big push in construction for hire

Its goal is to provide quality rental housing to essential workers such as teachers, nurses, police and senior care workers at 20 percent off market rates, while generating strong returns for its members. “Over the past three years, we have committed more than $ 800 million nationwide to critical affordable housing assets for workers,... Read More

Melbourne suburb where buyers save the most by buying a unit instead of a house

Buyers are saving huge seven-figure sums by opting for a unit instead of a house in trendy city centers such as Carlton and St Kilda West. And units in prime locations like Hawthorn and Malvern can be purchased for a fraction of the cost of their larger counterparts. CoreLogic’s median figures for house... Read More

Two classic Paddington pubs, the Unicorn and Captain Cook, have found new owners

The Unicorn Hotel was sold with a lease in place to Kenny Graham and Jake Smyth’s Mary’s Group, which has operated the venue since 2015. Also in Paddington, the freehold interest in the Captain Cook Hotel, located opposite where Sydney’s new football stadium is being built, was sold for $ 10.5 million to a... Read More

The best properties for sale in Victoria right now

Add this selection of must-see properties across the state to your wishlist. 13 Ward Ave, Caulfield North VIC 3161 How refreshing to discover a house that stands out. This unique design offers all the luxury expected with a distinctive panache. The living spaces shine with light from the walls of the windows and... Read More

Indian banks must stop relying on personal loans

As India’s large, best-run bank is feeling a bit of heat, the question is how the second wave of covid will impact other banks on the bad debt front. While failed loans remain a concern, there is a structural problem at the heart of India’s banking system. This could limit their expansion in... Read More

Pelligra takes over the old Ramada Encore hotel

The Pelligra Group bought one of Melbourne’s largest suburban accommodation assets, the former Ramada Encore hotel in Dandenong, for $ 10.5 million. Now closed, the hotel in the city’s southeast has been sold by Phileo Australia, a developer and investor, who deregistered it two years ago. On the buyer’s side is Pelligra, a busy... Read More

Negligence in hotel quarantine led to 2020 lockdown, class action lawyers say

Government-acting lawyer Rachel Doyle, SC, said her guests cannot be held accountable for the political decisions on which the hotel quarantine program was based. The legal arguments were inconsistent and indeterminate, she said. Powers have been exercised, Ms Doyle said, for the benefit of public health and that obligation to all Victorians would be... Read More

The Intercontinental Hotel Double Bay was sold for around $ 180 million to apartment developer Fridcorp by The Agency

Steven Chen of the agency is said to have negotiated the deal on behalf of its owner Shanghai United, who bought it for $ 140 million just two years ago. The buyer is said to be Melbourne apartment developer Fridcorp, which closed the deal on Friday. It is understood that a number of prominent... Read More