Victoria

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.”

A super site adjacent to The Village Warralily shopping centre offers buyers a prime opportunity to capitalise on Armstrong Creek’s enormous growth.

Theresa Albioli and Tony De Marco are no strangers to transforming heritage homes in the Daylesford region and their most recent project, Hotel Bellinzona, has been the couple’s greatest challenge to date. 

Melbourne-based RMIT University has offloaded a major city building in the heart of the Melbourne CBD as part of a $200 million-plus repositioning play driven by funds manager Futuro Capital.

A bakery, barber shop and police station are all up for grabs with a quirky property for sale in Ned Kelly country — but there’s a twist.

The new Armstrong Creek Shopping Centre has sold in a huge deal that highlights investor confidence in the city’s retail offerings.

Melbourne-based IP Generation has swooped on Mildura Central shopping centre in the regional Victorian town in an $81.1 million play showing the heat in the small shopping centre market.

A converted warehouse by the docks that was Lonely Planet’s home is an uber cool listing in Footscray.