House prices in outer Melbourne suburbs soar over past five years

Although the real estate market has been on the rise recently, house prices have seen a rise in the external suburbs of Melbourne in the last five years. Buyers, chasing relatively affordable options during the housing boom, pushed the most inaccessible areas away from the reach of those who hope to climb on the property …

Melbourne new house and land prices are falling

The decline in new house and land prices hopes the city will give its new host the best chance to buy a block of land over the years. According to Research4’s new figures, on March 200, there were blocks that were sent back to the market from 800 blocks prepared to grab the city’s growth …

Cathy Freeman sells property in Melbourne for $ 3.7 million

Cathy Freeman, former property of the Olympic champion Kew, is on his way to resale. Renowned at the 400-meter event at the 2000 Sydney Games, the sprinter had a Studley Park residence from 1999 to 2006 where he sold $ 1.75 million to his current owners. 3 bedroom house 30 Yarravale Rd. and an interest …

In Melbourne, student accommodation building won awards

A high-rise student house in Melbourne, Australia, won a grand prize in the annual international high-rise competition held every year. The student house on La Trobe street cost $ 100 million. The 44-storey student house won the High Buildings and Urban Habitat 2019 awards. The student house was built with the cooperation of Atira and …

Australia’s industry and office sectors strengthen in 2019

According to Knight Frank’s Australian Capital 2019 report, the country’s industrial and office sectors will experience double-digit returns in 2019. It is expected to be the highest performing asset classes among the commercial real estate. Ben Burston said that the partner of Knighr Frank, Research and Consulting Manager in Agenda, is preparing to be a …

New water park affected property prices in Melbourne

The announcement of the water park that will be opened soon revitalized property values in one of Australia’s most important areas. Pellicano and Zagame will build the largest indoor water park in the southern hemisphere at Dingley Village, 22 kilometers from Melbourne’s CBD. The announcement of the water park named Wild Water Park stimulated the …

GPT to pay 342 million AUD to the shares of Melbourne office tower

An office fund managed by the Australian real estate investment partnership GPT Group has acquired the remaining 50 percent stake in Melbourne office towers located in Australia. Group, office’s shares acquired from Frasers Property. The sale was announced as AUD 2152 million. The GPT Wholesale Office Fund (GWOF) used the right to buy the stake …

When is the property sold in Melbourne?

According to experts, the real estate market in Melbourne has become a buyer’s market. So when should the property be sold in Melbourne, Australia’s largest city? Evan Thornley, executive director of the LongView real estate agency and real estate investor, says the Melbourne real estate industry is not as bad as it seems. “In isolation, …

Australia’s most expensive apartment to be sold

Penthouse in Melbourne received the title of the most expensive apartment in the city. The apartment was sold at a price of 30,000 million. The apartment is currently in the planning stage. The roof in St Kilda was sold for $ 30 million. This is 20 percent more expensive than a previous sales record. The …

Why the Neo 200 apartment complex burned?

The fire at the Neo 200 apartment complex in Melbourne sparked a debate about the built materials used in Australia. One of Australia’s most important buildings, the Neo 200 apartment was burned for an hour last Monday. No one was injured in the fire, but this led to questions about the materials used in the …