Melbourne Commercial Property News

The Defence Department has flagged a major shake-up of its property holdings that could see it shift to new digs in Sydney, Melbourne and Canberra, in one of the department’s biggest ever real estate moves.

A South Melbourne childcare centre has broken through the eight-figure mark in the biggest sale in the suburb for the year.

In almost every sphere, Melbourne and Sydney are sworn enemies and if a new survey is to be believed, the southern capital has just taken a major title from the harbourside city; as the preferred destination for Australian-based commercial property capital.

Melbourne’s new-look Jam Factory precinct in South Yarra will pave the way for the suburb’s office market to almost double in size over the next four years.

A former primary school site is about to deliver an eight-figure windfall to the state government in an upcoming sale to developers.

The family behind one of Melbourne’s favourite coffee brands has made bank selling their property in the epicentre of Brighton’s cafe culture.

It pays to buy and hold onto neighbouring properties, as one patient Wantirna seller is about to find out.

Unit giant Meriton has joined the ranks of Sydney developers forging into Melbourne but its entry is taking a twist with the company planning to build a serviced apartment project rather than sell flats in the sluggish market.

US real estate firm Hines has forged into office development in Australia with the purchase of a site in the inner Melbourne suburb of Collingwood where it will build a timber tower.