Commercial Property Development News

The days appear numbered for the last remaining house on a Geelong CBD street after it sold as a development opportunity. Investors also pounced on a CBD office building at auction.

This block of units for sale at Burleigh Beach is ripe for development — and the real estate agent says they’d be perfect for backpackers.

Cashed-up Gold Coast apartment dwellers looking for somewhere to park the boat, helicopter, collector cars, jetskis and bikes are driving millions in sales of new-age luxury ‘mancaves’ and ‘she-sheds’.

Property magnate Tim Gurner says developers are “kidding themselves” if they try to launch apartment projects of 300 units or more in Sydney or Melbourne amid an exodus of Chinese buyers and a collapse in immigration caused by the COVID-19 pandemic.

Stockland, the nation’s largest residential developer, is seeing a lasting home sales surge that should push beyond the end of stimulus packages, but mortgage pressure is rising in some areas, according to credit agencies.

The boom in Melbourne’s mansion market has taken on a new life and could be further spurred by the latest entrant into the field: property developers. In one of the latest sales, Trenerry Property Group has swooped on the classic Poolman House in a transaction quietly brokered by Sean Cussell of Christie’s International Real Estate.

One of these homes has never sold, another for just $77K. They’re now playing the market for eight figures.

Daniel Grollo has handed the administrators of the collapsed Grocon empire a plan to pay out creditors, with its prospects to be decided this month.

A Centrelink office, waterfront pub and neighbouring oceanfront homes that may make way for apartments are among a diverse range of commercial properties featuring in this week’s most popular realcommercial.com.au listings.