Victoria Commercial Property News

Latest plans unveiled for the city’s landmark site include 400 luxury homes and super-luxe penthouses worth up to $50m.

Geelong developer Bill Votsaris has revealed what’s in store for a landmark building after he expanded his reach in the city’s West End foodie precinct.

Early learning centres are proving hot property as the lucrative market booms — and 2020 only drove it more.

A bookend site to Geelong CBD’s trendy eat street has sold after an extended campaign, delivering a healthy net return and giving new owners a development foothold.

The organisation supporting widows and dependants of deceased and incapacitated ex-service men and women has earned a windfall from the sale of its Ryrie Street headquarters.

Agents expect interest from Melbourne, government departments as a floor opens up in Geelong council’s new headquarters.

The largest private landholding with beach frontage on Phillip Island has hit the market. The 15,363sqm site is made up of seven titles, all in a residential zone, and has been home to the Kaloha Holiday Resort for more than 40 years.

THE development potential of sites in three suburbs will be put to the test in separate campaigns.

Business groups and developers say affordability will decline and commercial rents will rise in Victoria as a result of the $2. 4 billion in new property taxes announced in last week’s state budget. Business leaders have dismissed treasurer Tim Pallas’s contention that the budget reflects “a fair and progressive tax system that makes sure everyone pays their fair share to support Victoria’s economic recovery.”