Retail

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

The love affair with real estate is ingrained into the Australian psyche. You can touch it, see it, drive past it and improve it. But with home prices falling, policy questions over tax incentives and less availability of credit, perhaps the love affair with residential property investment is over. So what does this mean for commercial real estate?

Two prime retail properties in greater Hobart are expected to fetch a total of up to $15 million as part of an international marketing campaign.

Charter Hall’s listed retail trust has snapped up Rockdale Plaza in Sydney’s south for $142 million and tapped the market for $150 million as investors back the future of well-located retail centres that can survive the onslaught of e-commerce.

Woolworths is set to close 30 Big W stores and two distribution centres Australia-wide as the impact of online retail continues to bite department stores.

Investors interested in buying northern beaches commercial property have the choice of two key sites being auctioned on the same day, both with high-profile long-lease tenants.

A landmark retail complex in the tourist mecca of Noosa Heads has sold to a Melbourne-based investor for $6.8 million.

A Rosebud beachside shop leased to National Australia Bank is the latest Mornington Peninsula property to sell on a skinny yield, proving that investor interest in the holiday hotspot is more than just a summer fling.

Another prime Hobart CBD site is set to hit the market to will allow the existing business to expand.