Melbourne Commercial Property News

Businessmen Hector Ktori and Peter Arvanitis are developing an 180-room standalone hotel in Melbourne’s South Yarra that will debut as Australia’s first Moxy hotel by the Marriott International chain.

Rising appetite for office space has pushed the vacancy rates in Melbourne and Sydney’s CBDs to their lowest level in 10 years, according to the Property Council’s Australian Office Market Report.

Investors are expected to dine out on a Hungry Jack’s restaurant at Caroline Springs, which is expected to be the first Melbourne fast food freehold to change hands in more than two years.

The first step was the hardest for Jocelyn Taufika. But setting up a company that aligned with her values ultimately proved irresistible.

The sale of a ground floor gym in Melbourne CBD has torn through its reserve by more than 20%, selling amid heated auction competition from six bidders.

An opportunity to reap the fruits of your harvest and barrel your own drop has hit the market in Melbourne’s wine country.

Dozens of development sites in Sydney, Brisbane and Melbourne, some large enough for 600-unit apartment towers, are hitting the market as Chinese developers plagued by poor buyer appetite and lack of finance are forced to sell.

Melbourne’s office market has burst into life with more than $1 billion worth of major towers in play as the city sets the early pace for capital markets this year.

Iconic Melbourne live music and entertainment venue Cherry Bar is on the move, announcing a city-wide search for a new home and revealing it will leave AC/DC Lane early this year. The bar’s co-owner James …