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](...

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...

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...

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](

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 ...

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](

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

As reported by back in January the [Historic Melbourne office building Newspaper House was presented to the market for sale]( 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...

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...

South melbourne pic
South Melbourne Super Site Could Reach $35 Million
Published at: 18/01/2017

A Whole Melbourne suburban block is expected to fetch around $35 million at sale in what has been touted as the first major development opportunity offered in the city for 2017. The 4630 square metre super site bordered by Cecil, York, Northumberland and Market streets, comprises a collection of...

Sydney cbd aerial shot
2017 To Be the Year of the Hotel
Published at: 13/01/2017

Australia's booming hotel sector is set for a massive injection of fresh supply this year with new hotels to open in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Perth. Some of this new supply will put downward pressure on daily room rates and occupancy levels in weaker markets such as Br...

Sydney office leasing
Korea and Japan to Crowd into Australian Commercial Property
Published at: 11/01/2017

Korean and Japanese institutions are set to crowd into the Australian Commercial Property Market prompting predictions that investment yields may fall below 5 per cent on prime CBD office towers in 2017. While some individual assets traded more sharply, investment yields on prime property were [...

Commercial graph
Retail Property Outlook Bright Across the Majors
Published at: 16/12/2016

The outlook for retail property in Sydney, Melbourne and Brisbane is strong, with all cities expected to perform well for at least the next two years, according to a report released this week. Respondents to the Australian Property Institute’s (API’s) Property Directions Survey, made up of prope...

Commercial leasing
Ripe Glenferrie Road Investment Sells on 3.6% Yield
Published at: 15/12/2016

An offshore investor has acquired a prime Glenferrie Road, Malvern investment property for $2.6 million under the hammer, on a tight 3.6% yield. Fitzroys agents Chris Kombi, Michael Ryan and James Gregson sold the property. The 200sqm site at 98 Glenferrie Road comprises a two-storey building...

Malcolm gunning
CVIEW Director Appointed REIA President
Published at: 11/12/2016

Online commercial property portal Director Malcolm Gunning has been appointed as President of the Real Estate Institute of Australia (REIA). Mr Gunning was elected to the presidency at the REIA's Annual General Meeting held in Canberra late last week. Mr Gunning has over 4...

Commercial investment rise
Huge Year for Commercial Property Investment
Published at: 09/12/2016

Childcare centres trumped petrol stations as investors took a more cautious approach to commercial property investment at the final portfolio auction of the year. Following Tuesday's rate announcement where the RBA left rates at a record low 1.5%, buyers snapped up 16 out of 29 properties offere...

Sydney hotel
Sydney Hotel Produces Record Auction Sale
Published at: 01/12/2016

Sydney's Tennyson Hotel has been bought for $37.05 million in what could be an Australian hotel auction record. Bar tsar and Merivale boss Justin Hemmes purchased the property at an auction held at Ray White's head office in the Sydney CBD this week which attracted 250 potential purchasers. But...

Improved commercial market
Commercial Property Outperforms Stockmarket
Published at: 29/11/2016

Returns from Australia's office, retail and industrial properties are outpacing the stockmarket by 4.6 per cent, according to new figures. Official data from the Property Council/IPD Australia All Property Index, which tracks more than 1400 commercial assets valued at about $165 billion, shows t...

Sydney office leasing
Sydney's Office Leasing Market Strongest Ever
Published at: 24/11/2016

Sydney commercial property landlords are seemingly in the box seat with the CBD seeing arguably its strongest office leasing market to date, according to Ray White Commercial. Ray White Commercial’s Anthony Harris said with the beginning of the redevelopent at Circular Quay's 1 Alfred Street, S...

Sydney art deco
Art Deco Inspiration Hits the Market in Sydney
Published at: 23/11/2016

A Spectacular freestanding Art Deco inspired office building located in the buzzing creative North Shore hub that is McMahons Point has hit the market in Sydney. Once predominately working class, McMahons Point is now among Sydney’s most exclusive localities. In 2016, it was rated as Sydney’s th...

Commercial property location
Queensland's Vertical Village Begins to Go Up
Published at: 17/11/2016

Construction on Stockland's greenfields "vertical" retirement village, a $63 million Oceanside Retirement Village on Queensland's Sunshine Coast, was expected to begin today (Friday). The second such vertical village that Stockland has embarked upon is a 140-unit, eight-storey development due fo...

Commercial doors in office buildings
Meadowbrook Sales Continue Queensland Comeback
Published at: 16/11/2016

It appears the rise of property markets in Brisbane and Queensland are continuing if a couple of recent sales in the suburb of Meadowbrook are any indicator. Two side by side properties have sold within weeks of each other in Meadowbrook’s University Drive complex, the first to an overseas inves...

Commercial leasing
Retail Reforms to Benefit Commercial Leasing Industry
Published at: 10/11/2016

The retail leasing industry and small businesses throughout NSW will benefit from reforms introduced into State Parliament this week, according to the Real Estate Institute of New South Wales (REINSW). REINSW CEO Tim McKibbin said amendments to the Retail Leases Act 1994 (NSW) would make doing b...

St kilda rd
Solomon Lew Acquires St Kilda Road Tower
Published at: 09/11/2016

Solomon Lew's Premier Investments has paid $55 million for an un-tenanted St Kilda Road office tower. The eight-storey tower at 457 St Kilda Road was sold with vacant possession after the recent departure of Computershare subsidiary Serviceworks Management. The St Kilda Road purchase includes a...

Commercial property auction
Malvern Retail Freehold Sails Past Reserve
Published at: 04/11/2016

A prime Malvern retail freehold in the key Glenferrie Road shopping precinct has been sold for $3.21 million under the hammer, $710,000 above the reserve price. Agents Chris Kombi and Geoff Emmett of Fitzroys handled the campaign, which ultimately saw six bidders compete for the property at auct...

Commercial doors in office buildings
6% Yield the New Norm for Australian Commercial Property
Published at: 02/11/2016

According to new research from global commercial agency Savills, a 6 per cent yield is the new normal in Australia as large amounts of capital continue to chase retail investments. Sales of retail assets soared $1.3 billion over the five-year average to reach $8.4 billion in the year to Septembe...

Commercial property sold
$100 Million in Two Days: Appetite for Commercial Property Grows
Published at: 27/10/2016

Two days of portfolio auctions in Melbourne and Sydney have netted over $100 Million in commercial property sales, indicating that there is still a large appetite for commercial property in Australia. This week's Burgess Rawson auction boosted the overall two-day clearance rate to 65 per cent as...

161021 horizon wellington point
Bayside Brisbane Landmark Hits the Market
Published at: 26/10/2016

One of the most significant retail assets on Brisbane’s bayside, the Horizon at Wellington Point Shopping Centre, is being offered for sale by Ray White Commercial in conjunction with Jones Lang LaSalle (JLL).   The major investment opportunity at 685 Old Cleveland Road East, Wellington Point, is...

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. ...

Commercial investment rise
Property Affordability a Major Issue for 2017
Published at: 21/12/2016

The inability of Australians to afford their own home is shaping as one of the biggest political issues of 2017 after a new report revealed that house prices were growing increasingly out of line with people's incomes. The report, from real estate data firm CoreLogic and the Australian National ...

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 ...

Award nomination
No Cup Day Cut This Year
Published at: 01/11/2016

As Australia prepares for the race that stops a nation, the Melbourne Cup, the Reserve Bank has left the official cash rate on hold at the historic low of 1.5%. After two rate cuts already this year, the hold decision was widely anticipated, as the RBA continues to monitor the effects of the rec...