Melbourne Commercial Property News

Buyers will need a hefty deposit to secure this Romanesque-style former bank in Brunswick, which the agent says could be the next Penny Black.

A suburb-sized former bluestone quarry for sale in Melbourne’s southeast is set to dig up a price record and land its owners a multimillion-dollar windfall.

A former CSIRO site is set to become Melbourne’s south’s latest major development, with the national research agency offloading a huge tract of Highett land that was once home to its laboratories.

Melbourne has locked in its status as a prime international investment destination with its central business district recording the greatest yield compression over the past three years across CBD office markets globally, real estate group Savills said.

A former South Melbourne brothel is looking for love as a luxury new apartment tower.

A prominent Chinatown property leased to the popular Shark Fin House restaurant has netted its owners a huge price gain.

Melbourne’s hot St Kilda Road precinct is readying for its latest benchmark sale, with a Hong Kong group in the final stages of buying a tower from funds manager Vanguard Property Investments for about $95 million.

Buyers have been pulling up their sleeves at Carbone Master Tailors for decades.

Collingwood could soon have its first major hotel, cementing a turnaround for a suburb once known for its drug culture.