Buying Commercial Property

Supermarket chain Woolworths has swooped on the ABC studio at 2-16 Selwyn Street, Elsternwick in Melbourne in a deal worth about $45 million. This article originally appeared on theaustralian.com.au/property.

A bite-sized property that might just be the smallest on the commercial market is already proving a hit with potential investors.

The closure of Melbourne jewellery institution Kozminsky last week after 166 years is expected to spark hot competition for its Bourke St premises.

Investors who’ve waited patiently for another Bunnings Warehouse to hit the market need not wait any longer, with a South Australian asset leased to the hardware giant the first to be listed in 2017.

Tourism investors or operators can buy more than 90% of picturesque Fraser Island’s accommodation in one hit, with two resorts put up for sale as part of a larger package.

The United States proved to be the dominant foreign force in Australian retail investment in 2016, while Queensland tipped New South Wales out of top spot for sales.

A six billion dollar sales slump hasn’t stopped Australia’s commercial property investment market from powering into the New Year.

Holiday parks are luring crowds of the real estate-hunting kind this summer as buyers snap up sites nationwide.

After years of ignoring Airbnb, international hoteliers have admitted the homestay network is affecting business, declaring that any hotel operators ­ignoring the disrupter will pay a price. This article originally appeared on theaustralian.com.au/property.