Melbourne Commercial Property News

Victorian residents and workers will soon have a clearer picture of when Melbourne’s stage four lockdown may end, when the State Government on Sunday announces its plan for the easing of restrictions. Premier Daniel Andrews …

The beers will keep flowing at a century-old South Melbourne pub, following its multimillion-dollar sale to a new publican.

Online retail behemoth Amazon is negotiating a move to a new $1.5bn precinct being developed by the Charter Hall in Melbourne’s central business district in one of the largest office developments since the onset of the coronavirus pandemic.

James Packer’s Crown Resorts has proposed reorienting a major site in Melbourne where it once ­planned a $2bn hotel and apartment scheme into a new tower with a major office component.

A dairy farm on Melbourne’s southeastern fringe will be turned into a housing estate guided by COVID era living over the next nine years.

The powerful property industry has warned that an extension of the Morrison government’s leasing code for small tenants until March next year could see the overall cost of the scheme blow out to about $15bn.

Commercial property landlords in Victoria will receive further land tax concessions as they battle the ongoing impact of the coronavirus on business.

Victoria’s small commercial landlords will share in a new $60 million hardship fund to help them weather the COVID-19 restrictions currently in place across the state.

Victorian commercial property tenants will be further protected from rent increases and evictions under renewed measures from the State Government during the second wave of coronavirus.