Development site

A heritage-listed Katoomba landmark is on the market and the hope is that a new owner will bring the rundown property back to life.

A nearly 7ha greenfield site offers buyers the chance to progress the expansion of the Bellarine Peninsula’s biggest shopping centre.

Retail and land/development properties dominated interest in the commercial market over the past week, securing six of the top 10 spots on realcommercial.com.au’s most-viewed listings.

An eclectic mix of commercial properties drew interest last week, from a warehouse conversion in Melbourne’s inner-west to a billionaire’s refined estate and mansion in the Gold Coast hinterland with a $50 million price tag and a beautiful church in downtown Hobart.

The former Bunnings site in Palmerston in the Northern Territory has sold to a developer for $7.5 million.

Aldi has sold a former supermarket site in western Sydney for $21 million to a private investor who eventually plans to redevelop the property.

US build-to-rent specialist Greystar has swooped on a major site in Melbourne that can accommodate more than 700 units, with the acquisition signalling the sector will keep firing even as developers struggle to sell apartments.

Property group Dexus is backing an office recovery in the Queensland capital as it has advanced plans for a $2.1 bilion overhaul of the Eagle Street Pier and Waterfront Place precinct into a major twin tower office and leisure development.

Conditions are positive for commercial property, but some sectors can expect a bumpy ride in the future. Here are eight predictions for 2021.