Two weeks after saying it was off the market – which was five months after it was listed for sale – local investor Michael Lasky is offloading a major Victorian retail asset for a speculated price of more than $40 million.
Property billionaire Maurice Alter has moved to offload a half share in two recently-upgraded Melbourne shopping centres, taking advantage of strong investor appetite for prime retail malls.
?Home prices across Australia's major cities were flat for a second month in November as regulators' efforts to rein in investment lending triggered a reversal in the once-euphoric Sydney market.
The Andrews government has struck a landmark deal with developer Villawood, swapping a cash contribution to its infrastructure fund for a 3.5-hectare school site in Truganina.
The cashless society is here and shopping centre landlords and tenants are now bracing themselves for the next phase - the exit of ATMs from malls.
Office landlords are undertaking major revamps of their office towers to create modern spaces at time when vacancy levels are low, yet tenants remain discerning.
Established world city real estate markets are going to see lower capital growth in the next decade as interest rates rise, so income will be the key reason for investing, according to real estate adviser Savills.
A land tax quirk has forced top-tier Melbourne property owners to apply to demolish their heritage-listed buildings in an effort to reduce their value.
Developer Beulah Land International is paying a speculated $13 million for the historic Northcote site where it is believed the controversial Batman's Treaty was presented.
Change has always been part of our working lives. So why are we paying more attention to change now than ever before?
Australia's top restaurant, Attica, now has an interior to match.
The bets on interest rates and house prices are firmly connected because if the property market falls precipitously, it will be another factor inhibiting any move by the RBA to raise rates.
The InterContinental hotel chain's growth strategy has gathered momentum with a second new hotel signing in a week, being a Holiday Inn at Werribee, in Melbourne's west.
Circular Quay will be home to a new $1.5 billion office/retail tower incorporating laneways, a revamped Jackson on George hotel, and public space following the lodgement of plans by Lendlease.
A faded Northcote shopping centre has sold for $34 million on a staggeringly-sharp yield of 3.47 per cent.
A private equity fund is running the ruler over Konfir Kabo' portfolio of 17 east coast petrol stations.
Sydney remains the least affordable region in Australia for renters.
Vertical industrial properties are now in high demand across metropolitan Sydney
Demand for office space has propelled Sydney and Melbourne to record the highest annual rental growth in the world
The threat of apartment towers blocking crucial helicopter flight paths to hospital emergency landing pads has prompted the government to amend planning rules.
Online giant Amazon has secured 2.11 hectares of land in Sydney's south-west
A converted warehouse-to-office at 77 Murphy Street sold for $8594 a sq m, easily eclipsing the previous record of $6613 a sq m for the area set 12 months ago with the sale of 32 Crown Street.
Two childcare centres in Melbourne's south-east have sold off the plan to a Chinese investor for $10.5 million.
Australian shoppers embraced the Black Friday shopping frenzy, spending more than $A200 million on what they love most - fashion and holidays - a rise of about 16 per cent on last year.
The party is finally winding down for the nation's housing market. How severe the hangover is will determine the economy's fate for years to come.
Tech giant Apple has unveiled the first retail space boasting its new store design at Chadstone shopping centre just in time for Christmas and school holidays.
Piedimonte's, the iconic continental supermarket of Melbourne's inner north, is poised for a total transformation sure to rock the development-averse neighbourhood.
Melbourne's buoyant accommodation sector has prompted local developer Argo Group to offer a 93-room hotel to the market.
Local developer Icon Development Group is selling an as-yet-unbuilt office building in inner-east Richmond for a speculated price of more than $45 million.
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