Investors get in on Thornbury's generational pull
Published at: 05/12/2018

The generational shift across Melbourne’s shopping strips and demand for assets across the prized inner-north has seen a local Thornbury food icon sell at a sharp 3.89% yield, the latest along the popular High Street strip to trade at a tight return. Fitzroys agents Chris James, Ervin Niyaz and ...

Reserve bank announcement
Reserve Bank: the December rate decision is in
Published at: 04/12/2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing and unemployment rates in most advanced economies are low. There are, however, some signs of a slowdown in global trade, partly stemming from ongoing trade tensi...

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The Block: Entire Prime Prahran Parcel For Sale
Published at: 28/11/2018

Commercial property enthusiasts are expected to swoon when an entire block of apartments in a prime Prahran position go under the hammer on Thursday, 13th December. According to selling agents, Beller Commercial, this is a rare opportunity due to its prime inner-city position and genuine potent...

Madras bros
Local investor snaps up tasty investment
Published at: 21/11/2018

A local investor has acquired the home of popular bar and eatery Madras Bros. on Smith Street in Fitzroy, following strong enquiry for a rare opportunity to invest in one of Melbourne’s prime inner-city lifestyle and hospitality hot-spots. Fitzroys agents Terence Yeh, Lewis Waddell and Chris Kom...

Melbourne city
East Melbourne retail continues to trade strongly
Published at: 14/11/2018

East Retail property throughout Boroondara in Melbourne’s popular inner east continues to attract the attention of local and offshore investors, with an Auburn Village corner site the latest asset to trade strongly in the region. Jordan Ceppi, David Bourke and Chris James of Fitzroys have just s...

Melbourne warehouse
Dandenong warehouse attracts $10 million price
Published at: 12/11/2018

A prime office warehouse facility of 6,591 sqm in Dandenong South has achieved a $10 million price tag after being sold to an owner/occupier by Crabtrees Real Estate. The property, at 98-108 Greens Road, features partitioned office accommodation, 9.5m – 11.5m warehouse clearance and 4 container ...

Rba rate decision
RBA hands down Melbourne Cup Day rate announcement...
Published at: 06/11/2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with the authorities easi...

Rosebud real estate offered for the first time in 25+ years
Published at: 01/11/2018

Two substantial sites along Victoria’s magnificent Mornington Penninsula have hit the market this week for the first time in over 25 years. The properties, at 2-4 and 6-8 Henry Wilson Drive, Rosebud, are being offered by MP Burke Commercial Real Estate via an Expressions of Interest campaign whi...

Bunnings centre
Bunnings anchored centre goes for over $23 million
Published at: 25/10/2018

Sentinel Property Group has purchased a Bunnings-anchored homemaker centre in a high exposure location with Pacific Highway frontage north of Newcastle, for $23.3 million. The facility on a 4.57ha site with a lettable area of 17,181sq m at 8 Griffin Street, Heatherbrae, will be the third additio...

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Office sale indicates not all is weary in the West
Published at: 17/10/2018

A leased office building in East Perth’s Claisebrook Village has been sold to a private investor for $7.1 million. The Brown Street building, which is leased to the Minister for Works for a net income of $548,068 per annum, attracted three bidders and was sold before the end of the campaign, wit...

Trenerry building
Rezoned Abbotsford opportunity to boost fringe boom
Published at: 10/10/2018

A recently rezoned Abbotsford land parcel encompassing 4,735sqm has been put to the market, offering developers, investors and owner occupiers the chance to take advantage of the city fringe suburb’s booming market. Fitzroys agents Paul Burns and James Lockwood are handling the international Exp...

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Buyers bustle for blue-ribbon Brighton
Published at: 05/10/2018

Buyers’ appetite for well-located retail and commercial property has been evidenced again, with the former premises of blue-ribbon Brighton’s iconic Wild Holly Cakes selling under the hammer for some $400,000 above reserve. Mark Talbot and James Lockwood of Fitzroys sold 389-391 Bay Street on be...

Commercial property abbotsford
Another historic Melbourne offering hits the market
Published at: 27/09/2018

A premier double-storey building in South Melbourne’s Emerald Hill Estate is going to auction, the latest investment offering from Podco and Terraplex in the historic precinct. Fitzroys agents James Lockwood and David Bourke are marketing 336 Clarendon Street and 49 Emerald Hill Place, which wil...

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Heritage building brings out the buyers
Published at: 26/09/2018

Beller Commercial has sold a historical heritage listed property on St Kilda’s Wellington Street, which as originally built as a block of flats in 1920. More recently used as office accommodation, 22 Wellington Street, features the period building of 425sqm and approx. 833sqm of Commercial 1 zon...

Meat and wine co
Investors 'Meat' to bid on historic Hawthorn eating house
Published at: 20/09/2018

The historic Hawthorn East building home to popular eatery Meat & Wine Co, prominently positioned on Camberwell Junction, has served up an investor feeding frenzy. Fitzroys agents Chris James and David Bourke sold the corner Burke Road and Riversdale Road property [under the hammer](http://www.c...

Investors set to leap into Growling Frog
Published at: 13/09/2018

A long-term lease over one of Australia’s most picturesque golf courses is offering an opportunity get the jump on future growth through Melbourne’s booming northern corridor and tourist visitor numbers, and create a new lifestyle destination for the region. Fitzroys’ Rick Berry and Tom Fisher a...

Rba rate decision
RBA makes September rate decision
Published at: 04/09/2018

The Reserve Bank has left rates on hold with the cash rate remaining at 1.5% following its monthly meeting today. In handing down the announcement, RBA Governor Philip Lowe said the global economic expansion was continuing and a number of advanced economies are growing at an above-trend rate and...

Commercial property auctions
100 investors, 6 bidders and a 4.1% yield: Camberwell cafe delivers
Published at: 31/08/2018

More than 100 investors sought a Camberwell corner café freehold, which Fitzroys sold under the hammer for $790,000 at a 4.1% yield. Fitzroys agents Chris James and David Bourke marketed the 387 Camberwell Road in Melbourne’s popular inner-eastern suburb. Six bidders [competed at auction](http:...

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Shopfitters sure up South Melbourne position
Published at: 25/08/2018

CBD Shopfitters has inked a long-term deal over a prized South Melbourne warehouse on the city fringe. Fitzroys agents Terence Yeh and Ervin Niyaz leased the 162-168 Ferrars Street property on behalf of a private investor. The deal was struck at $115,000 per annum net over 10 years for the soli...

Melbourne cbd retail
Record year for Australian retail investment
Published at: 17/08/2018

Australia’s retail investment market totalled $9.87 billion of retail transactions for FYE 2018; a 49% increase on sales compared to the previous year, according to the Colliers International Retail Investment Review. This record year of investment sales, which marks a 38% increase on the five-y...

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Pulse quickens in Melbourne's Western health precinct
Published at: 09/08/2018

Footscray’s health precinct continues to expand as the inner-west’s surging population demands more local services, with a new medical clinic to open opposite the Footscray Hospital and Western Private Hospital. Fitzroys Sales & Leasing Executive, Stephen Land negotiated a [three-year lease](htt...

Rba rate decision
Reserve Bank makes monthly rate announcement
Published at: 07/08/2018

As expected the Reserve Bank of Australia left the cash rate unchanged at 1.50% at its monthly meeting today. In making the announcement, RBA Governor, Philip Lowe said the global economic expansion was continuing and that a number of advanced economies were growing at an above-trend rate. "Gro...

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Boom prospects for growth corridor development play
Published at: 02/08/2018

A 5,000sqm landholding within the Casey health and education precinct is expected to draw interest from buyers looking to capitalise on growing demand for healthcare and education services for the surging local population. Fitzroys agents Chris James, David Bourke and James Lockwood are marketin...

Melbourne development
Urban Growth Boundary landholding to attract huge interest
Published at: 25/07/2018

A significant landholding of approximately 23.32 hectares in Yan Yean will be offered for sale via Receiver’s Auction this month by Sutherland Farrelly and Ray White. The site, at 2026 Donnybrook Road, comprises three Certificates of Title, incorporating three allotments and a 3-bedroom cottage ...

Melbourne cbd retail
Report reinforces retail reinvigoration
Published at: 19/07/2018

Melbourne’s iconic retail strips have continued to thrive and reinforce their position as the heartbeat of their local communities, with new research from Fitzroys showing they appear to have moved through the worst of the retail industry upheaval. Fitzroys’ ‘Walk the Strip - Volume 2’ report sh...

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Flinders Lane back in fashion with Australian icon
Published at: 13/07/2018

Melbourne CBD’s thriving fashion and hospitality hub of Flinders Lane, between Swanston Street and Elizabeth Street, will welcome an iconic Australian fashion name to its list of major designers. Womens’ fashion designer Tiffany Treloar has leased Shop 6, 288 Flinders Lane within the prime secti...

Hungry jacks
Hungry Jack's identifies flagship Melbourne restaurant
Published at: 05/07/2018

Melbourne Hungry Jack’s has snapped up a 500 sqm retail space on the busy corner of Elizabeth Street and La Trobe Street in Melbourne’s CBD, as the hefty development pipeline and growing student population in its northern precinct drives a generational change in its retail offering. Terence Yeh ...

Rba rate decision
The RBA hands down rate decision
Published at: 03/07/2018

The Reserve Bank has decided to leave the cash rate unchanged at 1.50 per cent at its monthly meeting. According to RBA Governor Philip Lowe, the global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese...

Commercial property dandenong
Parkview price a monster for Moorabbin
Published at: 29/06/2018

A Corporate office warehouse in Moorabbin’s Parkview Estate, has achieved one of the highest prices the suburb has seen for some time, after being sold to a private investor for $14.75 million. Crabtrees Real Estate handled the sale of 45-55 Fairchild Street, which was sold with established tena...

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...

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....

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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...

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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...

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...

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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...

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...

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](✓&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](...

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 ...

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](

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...

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 ...

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](✓&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...

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...

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](

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...

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](✓&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 ...

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...

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 [, China's leading online property portal and partner](