Blog

Queen street
Melbourne attracts large technology investment
Published at: 21/06/2018

The Victorian Institute of Technology (VIT) has completed an extensive fit out of a prominent Melbourne CBD building and will occupy the top 5 levels over the next 5 years. The 1,885sqm building at 235 Queen Street, will become the third Queen Street campus for VIT to complement their existing o...


Ivanhoe record
Trophy investment sets Melbourne suburb record
Published at: 13/06/2018

A Prime trophy investment in Ivanhoe’s tightly-held Upper Heidelberg Road has sold under the hammer for $5.225 million, the highest price paid for a retail freehold in the busy shopping strip. Fitzroys Senior Manager, Chris James and Director, Chris Kombi sold the property at 137-139 Upper Heide...


Woolshed
Retail and hospitality operators get a shot at something special
Published at: 07/06/2018

Retail and hospitality operators have the chance to secure a role in one of Australia’s most remarkable urban renewal projects, the Younghusband Woolstore precinct in Melbourne’s inner suburb of Kensington. Fitzroys is marketing the retail and hospitality spaces within the historic 17,182 sqm re...


Reserve bank announcement
RBA rate decision is in...
Published at: 05/06/2018

At its meeting today, the Reserve Bank board decided to leave the cash rate unchanged at 1.50 per cent. According to RBA Governor Philip Lowe, the global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low....


Pexels photo 373488
Educated buyers to line up for Glenvale School
Published at: 31/05/2018

Colliers International will offer by Expressions Of Interest, the Glenvale School’s Melton campus at 1-3 Killarney Drive, Melton. The Glenvale School is a private multi-disciplinary, fully accredited school property for children aged 3 to 12 years. Currently housing 160 students and 22 staff, t...


Commercial asset
Inner Melbourne suburb enjoying generational change
Published at: 26/05/2018

Kew’s popular High Street commercial precinct it witnessing a generational change, with the sale of a second key site in a matter of months set to further activate new space along the strip. Fitzroys’ Chris James and David Bourke have just sold 171-173 High Street for $4.175 million under the ha...


Pexels photo 296301
11 Childcare centres go in 10 days
Published at: 18/05/2018

Childcare centres are experiencing a sales frenzy according to commercial real estate agency, Burgess Rawson. The agency has sold 11 childcare assets in the past 10 days, totalling over $43 million. Sales completed were in Mickleham VIC ($5.9 million, yield 6.23%), Shepparton VIC ($3.212 millio...


Bmw
Investment opportunity to get motors running
Published at: 10/05/2018

Arguably one of Melbourne’s most attractive investments currently on the market, 145 Williams Road, Prahan, will be sold by public tender closing next month. Offered to the market by Sutherland Farrelly, the site comprises a long standing prestige dealership, which is now being offered subject t...


Victoria st
Iconic site sale open to the public for first time
Published at: 03/05/2018

An iconic corner site formally known as the Royal Exchange Hotel and currently home to La Porchetta, North Melbourne will be offered for public auction later this month. Situated directly opposite the Queen Victoria Market at 302-308 Victoria Street, North Melbourne, this is a rare opportunity t...


Reserve bank announcement
RBA delivers rate decision
Published at: 01/05/2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with...


Commercial property abbotsford
Prime development prospect heads new commercial opportunities
Published at: 27/04/2018

On the market for the first time in 25 years, a highly exposed triple frontage land holding of 585sqm prominently located on the corner of Warrigal Road and Atherton Road, Oakleigh will go to public auction next month. Offered for sale by Crabtrees Real Estate, the property at 2-4 Atherton Road,...


Biggie smalls
Biggie Smalls released for new record
Published at: 20/04/2018

The Collingwood home of hospitality identity Shane Delia’s Biggie Smalls eatery has sold for $3.58 million, setting a new record for a single-fronted retail building in the suburb. Chris Kombi and Terence Yeh of Fitzroys negotiated the sale of 86 Smith Street at a remarkable land rate of $19,456...


Pexels photo 66134
Abbotsford a smash hit for film producers
Published at: 12/04/2018

Melbourne’s popular inner-north suburb of Abbotsford continues to attract creative tenants, with Fitzroys leasing an 1,060 sqm office to a fourth film production company within 12 months. Fitzroys Sales & Leasing Executive Stephen Land negotiated the short-term agreement with Seaside Productions...


Cremorne commercial
Tech giants swarm Cremorne
Published at: 05/04/2018

Heavy demand in Cremorne has continued to deliver strong results in the Melbourne city fringe hotspot, with a stylish three-level office building the latest to trade with a sizeable price tag. Fitzroys’ Stuart Kennett and David Bourke sold the well-presented strata property at 97 Green Street fo...


Reserve bank announcement
RBA Delivers Cash Rate Decision
Published at: 03/04/2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. According to RBA Governor Philip Lowe, the global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese ...


Pexels photo
Brunswick gallery paints an attractive picture
Published at: 29/03/2018

A double-fronted art gallery in Melbourne’s popular Sydney Road lifestyle and hospitality precinct has sold under the hammer for $860,000. The refurbished ground floor retail premises of 100 sqm at 1 Sparta Place, home of Beinart Gallery, is positioned opposite the landmark Mariana Hardwick buil...


South yarra
South Yarra Super Site Sold
Published at: 21/03/2018

Sutherland Farrelly and Kay & Burton have sold a significant 1,066 square metre (approx.) land parcel for $7,505,000 at auction. The site, at 30 Kensington Road, South Yarra, is currently improved with two double storey maisonettes in original condition and has the potential to be developed for ...


Commercial property abbotsford
Former car showroom sets new benchmark
Published at: 15/03/2018

A former car showroom converted to an office has sold under the hammer at a record land rate for a Commercial 2-zoned property in the prized inner-northern suburb of Abbotsford. Fitzroys’ Chris Kombi and Stuart Kennett sold the 398 Johnston Street property for $3.115 million, after intense bidd...


Bendigo jeweller
Royal roll up for jewel in Bendigo's crown
Published at: 08/03/2018

Investors from across Australia have looked to source a central Bendigo retail gem, the Killians Walk - home of local icon Stearns Showcase Jewellery, which was eventually snapped up prior to auction for $1.050 million. Fitzroys Agency Director, Mark Talbot sold the property with Burgess Rawson’...


Bank big
RBA delivers March rate decision
Published at: 06/03/2018

Reserve Bank Governor Philip Lowe hands down the RBA board's cash rate decision. Read his statement below... At its meeting today, the RBA Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are...


Ocean grove
Sharp yields transcend Melbourne's traditional boundaries
Published at: 28/02/2018

Sharp yields for retail assets have travelled beyond Melbourne’s suburban boundary and down to the Bellarine Peninsula, with Fitzroys achieving a landmark result in their first auction of the year. National interest generated by an aggressive marketing campaign saw the prime Ocean Grove strata a...


Bridgehotel
Historic Bridge Hotel offers landmark opportunity
Published at: 21/02/2018

Hospitality operators have been presented with an historic opportunity to create a landmark venue for the booming Wyndham region, with a long-term lease available for the heritage Bridge Hotel building in Werribee. Rick Berry and Stuart Kennett of Fitzroys are handling the Expressions of Intere...


Thornbury
Thriving Thornbury delivering big results
Published at: 14/02/2018

A boutique shop and dwelling in Melbourne’s thriving inner-northern suburb of Thornbury has sold under the hammer at a sharp 3% yield and a price tag of $1.385 million. The property is on a 207sqm site and comprises a 175sqm building with a shopfront leased to Arestia Designs Hair Studio and a s...


Bendigo asset
Prime Bendigo asset attracts national attention
Published at: 08/02/2018

Investors across the country have pursued a prime Bendigo retail space occupied by an ASX- listed Specialty Fashion Group, which eventually sold to a Melbourne-based investor for $1.57 million. Chris Kombi and Terence Yeh handled the campaign for the [19-21 Mitchell Street](http://www.commercial...


Rba rate decision
This month's RBA rate decision is in...
Published at: 06/02/2018

At its meeting today, the Reserve Bank of Australia decided to leave the cash rate unchanged at 1.50 per cent. There was a broad-based pick-up in the global economy in 2017. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth has also picked u...


Commercial property
Why quality office space is becoming harder to find
Published at: 01/02/2018

Strengthening economies and a lack of new buildings has reduced the amount of empty office space around Australia for the second year in a row, according to new figures. Led by the [two biggest markets of Sydney and Melbourne](http://www.commercialview.com.au/search?utf8=✓&search%5Bsale_lease%5D...


Commercial office space
Last quarter inquiry surge bodes well for 2018
Published at: 23/01/2018

A 19 per cent increase in office leasing inquiries at the back end of 2017 indicates that activity this year will continue at a strong rate, according to Colliers International's latest Office Demand Index report. While Sydney inquiries rose 6 per cent and Perth surged 257 per cent and Perth 173...


Commercial property auctions
Commercial portfolio profits right up until Christmas
Published at: 21/12/2017

Commercial property agents Burgess Rawson completed a huge year of portfolio auctions last week, finishing the year with an impressive 71.5% average clearance rate across its premiere Sydney and Melbourne events for 2017. During the year, more than $862 million of [national commercial property](...


Commercial property bendigo
Investors striking gold with regional assets
Published at: 06/12/2017

Victoria’s famous Golden Triangle might already be etched in history but the sale of three premium commercial properties, which are set to go to auction this month, will be an opportunity for investors to strike gold in the future. The properties include a two-level commercial complex on Pall Ma...


Rba rate decision
Christmas rate move? RBA hands down December decision
Published at: 05/12/2017

At its meeting today, the Reserve Bank Board decided to leave the cash rate unchanged at 1.50 per cent. According to Governor, Philip Lowe, conditions in the global economy have improved over 2017. Labour markets have tightened and further above-trend growth is expected in a number of advanced e...


Hot auction
Developers continue to prize Melbourne’s inner-east
Published at: 30/11/2017

Prized landholdings with development potential in Melbourne’s inner-eastern suburbs continue to attract premiums, with a High Street, Kew site the latest to change hands. A local developer picked up the 526sqm concrete display yard at [226-232 High Street](http://www.commercialview.com.au/115-ma...


Childcare centre
Report reveals Childcare Centres as fastest growing asset class
Published at: 24/11/2017

Property investors at all levels should put childcare centres right at the top of their list, according to leading property agency Burgess Rawson. Speaking at the release of a major report on the industry, Burgess Rawson Associate Director – Childcare, Adam Thomas said a number of strong trends ...


Sydney commercial property1
2017 Delivering massive returns for Sydney investors
Published at: 15/11/2017

Research from one of Sydney's largest managers of SME industrial property has confirmed that the under supply of industrial properties below 1,000 sqm in Sydney is continuing to drive significant increases in sale prices and rental amounts. Managing Director of Bawden's Industrial, the companany...


Reserve bank announcement
RBA Makes Cup Day Rate Announcement
Published at: 07/11/2017

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy are continuing to improve. Labour markets have tightened and further above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growt...


Commercial asset
Melbourne commercial assets deliver again
Published at: 02/11/2017

Commercial agents Gorman Kelly have sold a brilliant Hawthorn East property at auction for $5 million. Located at 178-180 Camberwell Road, Hawthorn East, the offering is currently tenanted to The Butler Dry Cleaners and Purple Sands Asian Cuisine, returning approximately $260,302 net per annum. ...


Westfield parramatta
$100 million price tag for premium Parramatta precinct
Published at: 25/10/2017

Private strata owners have listed an older-style 62-lot commercial building adjoining Westfield Parramatta in Sydney's west for sale for more than $100 million. The 3283sq m property, known as the Parramatta Business Centre at 5 Aird Street in the Parramatta CBD, will eventually make way for a m...


Melbourne retail
Classic commercial assets continue to charm investors
Published at: 18/10/2017

Melbourne strip retail assets in fine locations continue to charm investors, with a classic double-fronted retail freehold in Malvern selling under the hammer for $3.02 million, at a crisp yield of just 2.68%. It marked the first time the two double storey shops on one title, comprising longstan...


Brisbane industrial
Major industrial investment sells just shy of $50 million
Published at: 12/10/2017

Sentinel Property Group has acquired a major industrial investment with development upside (STCA) within the prime Australia TradeCoast precinct at Pinkenba in Brisbane’s east for $48.5 million. The waterfront bulk storage industrial facility located on a 140,006 sqm site at 69 Tingira Street, P...


Queen st
Standalone CBD assets remain popular
Published at: 05/10/2017

An interstate-based investor has acquired the 550sqm standalone building at 422-428 Queen Street in Melbourne’s CBD for $5.5 million, reinforcing the demand for [quality CBD assets](http://www.commercialview.com.au/search?utf8=✓&search%5Bsale_lease%5D=sale&search%5Bsuburb_hint%5D=MELBOURNE+3000+V...


Big bank
RBA Hands Down October Rate Decision
Published at: 03/10/2017

At its monthly meeting today, the Reserve Bank board decided to leave the cash rate unchanged at 1.50 per cent. When handing down the decision RBA Governor Philip Lowe said conditions in the global economy had improved. "Labour markets have tightened and above-trend growth is expected in a numb...


Albert park aerial
South Melbourne super site cracks $23 million
Published at: 28/09/2017

A prime South Melbourne development site of 1543sqm has been sold for an incredible $23,400,00. With permits approved for 174 apartments across 20 levels, plus 300sqm of retail, the rare corner asset in the highly sought after St Kilda Road/Domain Precinct and offered for sale by Lemon Baxter pr...


Burgess rawson auction
Low Clearance Rate Yields High Prices
Published at: 21/09/2017

Despite a slightly lower than normal clearance rate Wednesday's Burgess Rawson Portfolio auction at Melbourne's Crown Casino produced a number of strong results. The highest price paid was $5.85 million for a Mitre 10 in Roma in regional Queensland, and a childcare centre in Adelaide which achie...


Racecourse sale
Spring Carnival Brings Spring Sale
Published at: 14/09/2017

A purpose-built horse stable complex investment in the Bundall Equine Precinct on the Gold Coast owned by racing legend Mick Dittman and used by leading trainer Toby Edmonds is being offered for sale through Ray White Broadbeach. The property on an approximately 3,000 sqm block at 88 Racecourse ...


Commercial property auction
Golden mile showroom a sure bet
Published at: 06/09/2017

The sale of Unit 2, 603-611 Whitehorse Road, Mitcham has proven yet again that securely tenanted properties are commercial investor magnets, according to agents Gorman Kelly. Tenanted by the same business for over 20 years with accessibility to major arterial roads and located along the Whitehor...


Hot auction
Hot auction serves up tantalising tandoori sale
Published at: 31/08/2017

Frequented by locals and visitors alike over many years, iconic Camberwell restaurant Tandoori Den has been sold following a frantic auction which saw just under 300 bids taken. Setting a benchmark yield of 2.34% for a retail property in the blue chip suburb, Fitzroys agents David Bourke and Chr...


Industrial land
Industrial sector a commercial haven for SMEs
Published at: 23/08/2017

The industrial property sector for SME owner occupiers and investors continues to deliver in 2017, according to leading industrial property players Bawdens Industrial. Directors Robert Ally and Terry Saba said that beginning in 2016 values began increasing at a rate well above the long term tren...


Melbourne city
Builders, developers lining up for slice of world's most liveable city
Published at: 17/08/2017

Medium-density and townhouse development sites in Melbourne’s middle-ring suburbs continue to attract builder-developers, with a Cheltenham site the latest to change hands for an impressive. Fitzroys agents Zane Alexander and Terence have sold the 1,429sqm, 1 Latrobe Street site for $2.7 million...


Dry cleaner
Want to own a celebrity dry cleaners?
Published at: 10/08/2017

Offered to the market for the first time in more than 50 years, the home of a celebrity dry cleaners in Rozelle has seen the changing face of the suburb and presents a unique opportunity to secure a large corner block in the much sought after area. Gunning Real Estate Sales Agent Robert Maher sa...


Commercial asset
Strong investor demand continues for specialised assets
Published at: 01/08/2017

Specialised asset investment opportunities continue to attract high demand from local and offshore interest, with Fitzroys selling three sites in Melbourne’s south-east for a combined $12.4 million following huge interest. Most recently, [the 4,798sqm site at 4-6 & 8-12 The Avenue](http://www.co...


Camberwell bank
Investors bank on blue chip Camberwell
Published at: 25/07/2017

Investors have purchased a Bendigo Bank site in the blue-chip suburb of Camberwell for over $7 million on an impressive 4.2% yield. Fitzroys agents Chris James, Chris Kombi and David Bourke sold the property following an auction campaign that attracted more than 100 enquiries from local and offs...


French castle
Fancy a French castle? $22 million and it's yours
Published at: 19/07/2017

For the first time in some 200 years, a French castle built in 1064 will change ownership, hitting the market for a very reasonable $22 million. Few could boast that their home has lived through two world wars, 12 monarchs and several revolutions but Chateau de la Barben has seen countless gener...


Podiatry purchase
Investors get foot in the door with podiatry purchase
Published at: 13/07/2017

One of the country's largest podiatry practices, located in Queensland, has been sold at auction. The state of the art podiatry practice sold at Burgess Rawson’s recent Portfolio Auction held in Sydney for $2,300,000 with a strong yield of 7.17%. [Situated at 14 Ipswich Street, Toowoomba](http...


Ford factory homebush
Drive in for your own slice of history
Published at: 06/07/2017

A spacious piece of the heritage listed former Ford Factory at 350 Parramatta Road, Homebush has hit the market for lease. The Ford Motor Company of Canada assembly plant was first established in NSW at Sandown with operations shifting to a new car manufacturing and assembly plant at 350-374 Par...


Rba rate decision
No Need to Panic: RBA Rate Decision
Published at: 04/07/2017

The Reserve Bank has kept the official cash rate on hold at 1.5 per cent for its 10th meeting in a row. On handing down the decision RBA Governor Philip Lowe said in a statement that while house prices were rising briskly in some markets, there were “some signs that these conditions are starting...


Land development ground
Owners Join Forces to Offer Huge Land Parcel
Published at: 28/06/2017

Seven adjoining landowners have come together to offer an 84.21-hectare (approx) gateway development site in Melbourne’s northern growth corridor. The rare parcel of land is positioned within the Wallan East Precinct Structure Plan and offers potential to yield more than 800 lots (subject to cou...


Sydney office leasing
$700 Million Office Sell Off
Published at: 23/06/2017

Agents have been appointed to offload a $700 million portfolio of Australian office towers on behalf of Singaporean fund manager TrustCapital Advisors. The five assets spread across Melbourne, Sydney and Brisbane, are expected to hit the market by the middle of next month. The appointment of CB...


Commercial property rise
Towering Investment Trend in CBD Office Buildings
Published at: 15/06/2017

Investors have further stimulated Melbourne’s buoyant commercial market in the past few days, signing on for more than $1 billion in investments in [major office towers](http://www.commercialview.com.au/search?utf8=✓&search%5Bsale_lease%5D=sale&search%5Bsuburb_hint%5D=&search%5Bquery%5D=&search%5...


Il globo
Italian Media Giant Makes Move in Melbourne
Published at: 08/06/2017

Italian media giant Il Globo will take up residence in Victoria Street, Brunswick after securing an 850 sqm space on the busy Melbourne strip. Il Globo is majority owned by regular BRW rich listers the Valmorbida family of Melbourne, who leased the property from ICR Property Group for approx. $9...


Commercial property auction
Epic Sydney Auction Attracts Almost 500 Bids
Published at: 01/06/2017

A freehold building on a landmark site with redevelopment potential (STCA) in the  inner west Sydney suburb of Haberfield has been sold at an epic auction with almost 500 bids for just over $13 million. The former motel site on a land area of 2000 sqm at 169-173 Parramatta Road, Haberfield, was ...


Jail space
Small Spaces Attracting Huge Prices
Published at: 24/05/2017

A Carlton retail space of just 48sqm on Melbourne's popular Rathdowne Street has sold for almost $10,000 per sqm. Fitzroys agent Terence Yeh negotiated the private sale of the vacant 142 Rathdowne Street property for $475,000. Zoned Commercial 1, the property forms part of a boutique three-leve...


Darling exchange building
Sydney's Darling Square Centrepiece Gets Approval
Published at: 18/05/2017

The community hub of Lendlease's Darling Square development, which will contain a City of Sydney library and innovation space to develop start-ups, has been approved by the NSW planning minister. Construction will begin soon on the Kengo Kuma designed beehive-like Darling Exchange building, whic...


Gold coast commercial property
Gold Coast Beauty Nudges $3 Million
Published at: 17/05/2017

A tenanted corporate office building investment with redevelopment upside (STCA) at Burleigh Heads on the Gold Coast has been sold by Ray White Commercial GC South for $2.9 million. The fully leased property at 21 Gardenia Grove, Burleigh Heads, was sold to a private investor by Greg Watson of ...


Macquarie park
How Macquarie Park Could be Sydney's Hidden Gem
Published at: 10/05/2017

The secret is well and truly out when it comes to commercial property investment in Sydney.   With values continuing to trend upwards across most asset classes and with investors quick to jump on any opportunities that hit the market, finding an edge in a booming marketplace is an ever-increasing...


Swanston st
Unique Brands Descend on Melbourne's Swanston St
Published at: 04/05/2017

Three landmark retail spaces on Swanston Street in the core of Melbourne’s CBD have been leased on multiple long term deals. Terence Yeh of Fitzroys negotiated leases at 137, 143 and 145 Swanston Street, which are amongst the first retail deals to be completed on the major strip in 2017. Weste...


Industrial land
Industrial Land Shortage Sees Prices Surge
Published at: 03/05/2017

Industrial land prices have surged on the back of a shortage of development-ready properties in Sydney and Melbourne, the former recording a remarkable 35 per cent rise over the past 12 months. Figures from CBRE reveal that over the year to March, Sydney industrial land values hit almost $750 pe...


China commercial property
Overseas Commercial Buyers Take New Approach
Published at: 28/04/2017

Chinese developers and property buyers are still seeking investment opportunities in Australia despite new capital restrictions, albeit with a different approach. According to a survey from [Juwai.com, China's leading online property portal and commercialview.com.au partner](http://www.juwai.com...


Newspaper house
Melbourne's Iconic Newspaper House Delivers
Published at: 26/04/2017

As reported by commercialview.com.au back in January the [Historic Melbourne office building Newspaper House was presented to the market for sale](http://www.commercialview.com.au/blog/posts/a-slice-of-melbourne-history-to-hit-the-market-4gnBD1gGPm8oS8uqcs4iEa) with expectations over $30 million ...


Commercial leasing
Big Quarter for Commercial Mortgages
Published at: 21/04/2017

The number of commercial mortgages applications to acquire offices, warehouses, shops and development sites surged almost 26 per cent in the first quarter of the year compared with a year ago, according to new figures. The figures, from credit data provider Equifax, which build on a 22.5 per cen...


Commercial investment rise
Huge Prices and Low Yields Continue
Published at: 18/04/2017

A prominent Heidelberg corner site leased to the Bendigo Bank has sold on an incredible 3.4% yield for $5.302 million. Reflecting a land rate of around $7,470 per sqm, the 710sqm site at 164-166 Burgundy Street, Heidelberg was sold by Fitzroys agents Geoff Emmett and Chris James, and is anchored...


Google
Government's Google Search Ends
Published at: 13/04/2017

Google has abandoned plans to move its Australian headquarters to Sydney's White Bay Power Station development. The NSW government will have to go back to the drawing board to find a new development plan for the waterfront site after both parties decided to discontinue neogotiations around the t...


Bunnings bendigo
Bendigo Bunnings Tops Portfolio Auction
Published at: 07/04/2017

The sale of a Bunnings warehouse in Bendigo for $14.46 million was the highlight of a Burgess Rawson portfolio auction held this week. The 8600 square metre DIY warehouse on the Calder Freeway sold on a yield of 6 per cent, further compounding the appetite investors currently have for the westfa...


Bay street brighton
Brighton's Bay Street Breaks Another Record
Published at: 05/04/2017

The sale of a two-storey building adjoining North Brighton Train Station for $2.255 million has set a new record for Brighton's Bay Street. Fitzroys Agent and Division Director Mark Talbot sold the property at an executors auction, with the sale price setting a new benchmark for a single-front p...


Ripley valley
$180 Million Master Plan for Queensland Growth Corridor
Published at: 30/03/2017

A New $180 million master-planned residential village in the rapidly growing Ripley Valley region is expected to catapult growth in the western corridor of Ipswich. Monterea Ripley residential village is been developed by Gerry and Patrick McHale and will feature 900 home sites on a land area of...


Commercial property
Government Tenants Drive Office Leasing Increases
Published at: 29/03/2017

Government and community sector tenants have driven a 128 per cent increase in office leasing across Melbourne's CBD over the past year, according to a new report. Despite Melbourne's sharp incline, CBD leasing in Sydney reduced by 12.5 per cent in the 12 months to March, due mainly to its large...


South melbourne pic
South Melbourne Super Site Sold
Published at: 23/03/2017

A super-site occupying a whole suburban block opposite the popular South Melbourne market, has sold for $41 million. The $41 million price tag, paid by GLG Group, is almost double the $22 million paid by its private owner Aviation Consolidated Holdings three years earlier. The property covers 4...


Brisbane cbdandsb
Prime Queensland Assets Achieving Top Dollar
Published at: 22/03/2017

Management rights to the Coorparoo Square mixed-use residential development in inner Brisbane have been sold for more than $7 million. Frasers Property Australia and Honeycombes Property Group sold the rights to holiday letting group Dreamtime Resorts on an earnings multiple of 5.2, placing it a...


Mlc centre
Half an Office Tower to Fetch $700 Million
Published at: 17/03/2017

A half-stake in Sydney's tallest office tower is up for sale with expectations it will achieve $700 million. QIC Global Real Estate has decided to sell its 50 per cent stake in the 62 level MLC Centre with its unrivalled 8148 square metre site on Martin Place. The MLC Centre is bound by [high p...


Abbotsford office
Big Brands Gravitate to Melbourne Commercial Leases
Published at: 15/03/2017

Maritime engineering group OMC International has taken a 996sqm Abbotsford office space on a decade-long deal. Fitzroys agents Stephen Land, Peter Weatherby and Martin Huang negotiated the lease at a rental of $355 per square metre per annum net plus GST on behalf of the Australian Education Uni...


Cia market report
Global Demand Grows for Sydney's North Shore
Published at: 09/03/2017

The office markets of North Sydney, St Leonards, Macquarie Park and Chatswood are benefiting from a surge in domestic and offshore investment, according to a new Summer 2017 Market Report from commercial property authoritarian CI Australia. The report details sustained, benign interest rates, ma...


Southbank retail
Huge Commercial Property Results Continue
Published at: 08/03/2017

A local investor has outbid five other buyers to purchase a stand alone Mt Waverley retail shopfront at auction for $1.6 million. The property, at 305 Stephensons Road, smashed through its reserve price by almost $700,000 in front of an attentive crowd of over 100 commercial property enthusiasts...


Small business warehouse
Off-The-Plan Warehouses On the Money
Published at: 02/03/2017

Sales of small, off-the-plan warehouses have significantly increased across certain pockets of Melbourne over the past six months, according to a new report released by Nichols Crowder and Nixon Industrial this week. In releasing its half yearly report, Nichols Crowder and Nixon Industrial, auth...


Australian technology park
Sydney's Billion Dollar Technology Park
Published at: 28/02/2017

Inner-Sydney’s $1 billion Australian Technology Park re-development is progressing with the first close up images of the project unveiled this week. The Mirvac project, which is deep in the construction phase and is the future home of the Commonwealth Bank of Australia (CBA), will consist of 3 b...


Gfc commercial property
What GFC? Commercial Property Puts Crisis Behind It
Published at: 22/02/2017

Capitalisation rates in Australia’s retail and commercial property market are now well and truly back to levels that prevailed before the global financial crisis if the latest profit results from shopping centre manager, Scentre Group are anything to go by. Scentre Group's profit for the year to...


It office
Warehouse Space Snapped Up by IT Player
Published at: 21/02/2017

Continuing the age of online start-ups and funky shared business spaces, a website development and design firm has beaten a number of high profile retailers to secure a prime Fitzroy address for its Melbourne operations. The firm signed a three-year lease over the 104sqm space on the ground floo...


Crown hotel
Crown Hotel Sale Continues Huge Hotel Run
Published at: 17/02/2017

Following a host of significant sales of A-grade Sydney hotels over the past six months, including the record setting auction of the Tennyson Hotel in Mascot for $37.05m and the sale of the Lidcombe Hotel for $36m, The Lantern Hotel Group has sold its last remaining pub, the Crown Hotel in Sydne...


Sydney commercial property1
Demand for Inner Sydney Commercial Assets on the Rise
Published at: 15/02/2017

Demand for commercial assets in Sydney’s inner east will continue to grow in 2017 after almost $370 million worth of sales last year, according to a new report. Samuel Hadgelias of Ray White Commercial NSW said there were more than 150 commercial sales in the inner east in 2016 with Surry Hills ...


Commercial property rise
Black Rock Beauty Smashes Reserve
Published at: 10/02/2017

A high-profile Black Rock corner freehold has sold under the hammer for $5.25 million, an incredible 41 per cent above its reserve price. The 1,062sqm site at 41B Bluff Road, is on the corner of Sylvia Crescent, has a 69-metre frontage and comprises a retail and office complex across four separ...


Gold coast commercial
Games Golden for Gold Coast Commercial Property
Published at: 08/02/2017

The Gold Coast office market has enjoyed its most favourable period for almost a decade with the local economy strengthening on the back of investment from the 2018 Commonwealth Games. According to a Gold Coast Office Report released by Ray White Commercial this month, in the six months to Janua...


Bank big
RBA Makes Cash Rate Decision
Published at: 07/02/2017

The Reserve Bank of Australia (RBA) left the official cash rate at 1.5% at its monthly meeting today. According to the RBA's statement, conditions in the global economy have improved over recent months. Business and consumer confidence have both picked up. Above-trend growth is expected in a nu...


Brisbane shopping centre
Brisbane Developer Slings Shopping Centre to Singapore
Published at: 03/02/2017

Real estate investment management firm Rockworth Capital Partners has paid $160 million for a sub-regional shopping centre development in Brisbane's south. The development, at Redbank Plains, was sold to Rockworth by Alceon Group and Brisbane-based developer Capital Transactions, Rockworth furth...


Sydney commercial property1
Government Assets to Go in Hot Sydney Market
Published at: 01/02/2017

Taking full advantage of Sydney's heated commercial property market the NSW government will sell more than $100 million worth of commercial property in Sydney's The Rocks. According to sources, the move comes in order to preserve and enhance the historic area, with, among others, the heritage-li...


Anz bank
Collaboration the Key to ANZ's Commercial Move
Published at: 30/01/2017

It's believed a bid to improve creativity and collaboration is behind ANZ bank's decision to take up the anchor tenancy at a new $430 million Docklands tower. The agreement for the new development, next door to ANZ's existing global headquarters, is one of the biggest deals in [Melbourne's comme...


Newspaper house
A Slice of Melbourne History to Hit the Market
Published at: 25/01/2017

Historic Melbourne office building Newspaper House is set to hit the market with expectations of above $30 million. The property is back up for sale just two years after it was bought by Singapore developer and builder Lian Beng for $23 million, the key difference this time is that it is now ful...


Commercial property
Melbourne and Sydney Office Space to Tighten in 2017
Published at: 20/01/2017

Prime office rents soared in Sydney and Melbourne over 2016 with both capital cities enjoying double-digit growth and the trend is set to continue this year, according to new figures. In Sydney, office rents rose 6 per cent in the final quarter of 2016 to end the year up 17.6 per cent while in M...


Bitcoin
How Bitcoin can now buy Australian real estate
Published at: 13/12/2017

Bitcoin has hit the Australian property market. The owner of a property on Victoria’s Mount Macedon has offered his mansion in exchange for Bitcoins. A 1000sqm block in The Basin, was offered with “Owner is agreeable to accept part-payment in Bitcoin”. And on the Gold Coast, a financial planner ...


Reserve bank announcement
RBA Delivers Rate Announcement
Published at: 05/09/2017

The Reserve Bank has left the cash rate unchanged at 1.5% at its monthly meeting today in what was an expected move from the country's central bank. When handing down the decision, Govenor Philip Lowe said conditions in the global economy are continuing to improve. Labour markets have tightened...


Big bank
RBA makes much anticipated rate announcement
Published at: 01/08/2017

The Reserve Bank has left the cash rate unchanged at 1.5% at its monthly meeting today in what was a much anticipated announcement, with plenty of speculation around whether expected increases would begin this month. The Bank's forecasts for the Australian economy are largely unchanged. Over the...


Cia market report
How the New Budget Will Affect Property
Published at: 12/05/2017

While the new budget may not directly affect the state of commercial property across the country, some changes to investor rules may have a ripple effect. ## The Wash Up ### If you’re a property investor Negative gearing rules for property investors are being tightened. You will no longer be a...


Big bank
Rate Decision Announced: How will it affect you?
Published at: 07/03/2017

The Reserve bank has left the cash rate unchanged at 1.5% for a sixth consecutive month. According to the Governor Philip Lowe's Statement regarding the decision, conditions in the global economy have continued to improve over recent months. Business and consumer confidence have both picked up. ...


Jacksmagazine1
Investors to come all guns blazing at historic ammunition site
Published at: 10/11/2017

Operators from a range of sectors have the once-in-a-lifetime opportunity to revitalise the historic 12-hectare Jack’s Magazine site in Maribyrnong. Fitzroys is seeking Registrations of Interest on behalf of Working Heritage for the 19th Century ammunitions site from operators within industries ...




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