TWENTY years ago, entrepreneur and Melbourne crusader Ron Walker might have wined and dined the globe’s wealthiest international guests at the renowned, but now defunct Suntory restaurant, opposite Albert Park Lake. But now Mr Walker is hoping to seal a different kind of deal at the address – quietly buying the massive site to redevelop into a major 228-unit apartment complex. The former Liberal Party National Treasurer, who also served stints as chairman at Fairfax and Melbourne Major Events Company, is now a partner in burgeoning property group Evolve Development. [...]
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Saturday 30th October 2010 Total Properties: 74 Sold: 49 Withdrawn: 4 Cleared: 63% Total Sales: $28,051,000 Median: $620,500 Suburb Address Type Price Result Altona 99b Blyth St 3 br t $800,000 VB Ascot Vale 1/106 Ascot Vale Rd 1 br u N/A W Balwyn North 48 Riverside Av 5 br h $1,800,000 VB Balwyn North 41 Stephens St land $1,110,000 VB Balwyn North ?/106 Winfield Rd 2 br u $525,000 VB Bellfield 123 Oriel Rd 2 br h $569,000 S Bentleigh 1/2 Gilmour Rd 3 br h $635,000 S Blackburn South 11 Eckersley Ct 4 br h $700,000 PI Braybrook 21 Kannan Bvd 4 br h $715,000 S Briar Hill 27 Beaconsfield Rd 4 br h $595,000 S Brighton 786 Hampton St 3 br t $1,245,000 S Broadmeadows 14 Osway St 3 br h $530,000 PI Broadmeadows 48 Walsh St 3 br h $445,000 S Brunswick 316 Albion St 3 br h $730,000 VB Brunswick East 22 Harrison St 3 br h N/A SN Burwood 8 Goold St 3 br h N/A PI Burwood East 12 Terang Av 3 br h $585,000 PI Carnegie 4/1108 Dandenong Rd 3 br t $620,000 S Caroline Springs 5 Tumbalong St 3 br h $405,000 SP Chadstone 16 Euroka St 3 br h $820,000 S Chadstone 54 Margot St 3 br h $620,500 S Clarinda 1/33 Crawford Rd 3 br h N/A PI Dandenong North 4 Belmont Av 3 br h $351,000 S Doncaster 12 Outhwaite Av 3 br h $673,000 S Endeavour Hills 15 Glencaple Ct 3 br h $301,000 S Endeavour Hills 5 Thurso Ct 3 br h $380,000 PI Essendon 11 Aberdeen Cr 3 br h $1,061,000 S Footscray 9 Talbot St 2 br h $650,000 S Forest Hill 1/377 Springvale Rd 3 br h N/A W Forest Hill 4/10 Stringybark Cl 3 br t N/A SN Frankston 7 Victoria Pde 3 br h $490,000 VB Frankston 2 Winton Av 3 br h $590,000 VB Gladstone Park 10 Milton Pl 3 br h N/A PI Glen Waverley 7 Peartree Wy 5 br h N/A PN Glen Waverley 136 Watsons Rd 3 br h $652,000 S Glenroy 2/8 Howard Ct 3 br u $430,000 SP Greenvale 48 Clare Bvd 5 br h $667,000 S Hawthorn East 3/70b Auburn Pde 3 br t $660,000 S Keilor Downs 8 Burton Cl 3 br h $430,000 S Kew East 1 Windella Av land N/A SN Kilsyth 8 Buttler St 3 br h N/A W Lalor 33a Network Dr 3 br h $356,000 S Lalor 6 Pinnacle Ct 4 br h $395,000 PI Melbourne 401/260 Little Collins St 1 br u $310,000 VB Melbourne 19/17 Queens Rd 1 br u $432,500 SP Melton South 53 Bernard Dr 3 br h $265,000 SA Melton West 18 Galilee Bvd 4 br h N/A W Mernda 20 Old Plenty Rd o res $3,000,000 PI Mitcham 12 Forster St 3 br h $640,000 S Moonee Ponds 18 Severn St 5 br h N/A PI Mount Waverley 21 Joy St 3 br h $880,000 SP Mount Waverley 13 Oxford St 4 br h $945,000 PI Noble Park North 21 Timberglade Dr 5 br h $515,000 S Northcote 11 Gladstone Av 2 br h $675,000 S Oakleigh East 43 Carmichael Rd 5 br h $950,000 S Ormond 6/21 Lillimur Rd 2 br u N/A SN Pascoe Vale 127 Boundary Rd 3 br h $550,000 S Port Melbourne 133 Heath St 2 br h $780,000 S Preston 4/476-478 Plenty Rd 3 br u $447,000 S Reservoir 52 Royal Pde 3 br h $670,000 PI South Kingsville 51a Vernon St 4 br h N/A PN South Yarra 6/271a Williams Rd 2 br u $440,000 S South Yarra 16/19-23 Wilson St 2 br u N/A PI St Albans 233 Main Rd W 3 br h N/A PI St Albans 18 View St 3 br h N/A PI St Kilda … [...] GERMAN pension fund Deka Immobilien Investment is reportedly paying $118 million for the South Wharf Commercial tower in Docklands. The sale, reflecting a yield of about 7.75 per cent, ends a saga to sell the office that has lingered since just before the economic downturn, in late 2007. The office is part of the $750 million South Wharf precinct which also includes retail, residential and a hotel component. The office was sold by private developer Austexx, which owns the DFO chain, which is also for sale. [...] GERMAN pension fund Deka Immobilien Investment is reportedly paying $118 million for the South Wharf Commercial tower in Docklands. The sale, reflecting a yield of about 7.75 per cent, ends a saga to sell the office that has lingered since just before the economic downturn, in late 2007. The office is part of the $750 million South Wharf precinct which also includes retail, residential and a hotel component. The office was sold by private developer Austexx, which owns the DFO chain, which is also for sale. [...] WOOLWORTHS has launched a campaign to sell 31 Australian shopping centres and three development sites. The portfolio is expected to yield the retail giant about $900 million. Most of the centres are anchored by Woolworths, as service stations, supermarkets, Big W, BWS and Dan Murphy liquor outlets. Twenty of the assets have been developed already. Another 11 are under construction and three are blocks of land with permits and Woolworth related lease agreements in place. [...] WOOLWORTHS has launched a campaign to sell 31 Australian shopping centres and three development sites. The portfolio is expected to yield the retail giant about $900 million. Most of the centres are anchored by Woolworths, as service stations, supermarkets, Big W, BWS and Dan Murphy liquor outlets. Twenty of the assets have been developed already. Another 11 are under construction and three are blocks of land with permits and Woolworth related lease agreements in place. [...] A prominent Brighton home once owned by Olympian turned Gold Coast Mayor, Ron Clarke has hit the market and may set a new price record for the ritzy bayside suburb. The spectacular Spanish Mission style mansion at 1 Bay Street is expected to sell for about $15 million – either as a renovation rescue or an apartment development site. At this kind of money, the six bedroom 1920s home on a 1933 square metre block, could surpass the $15.5 million suburban record set last July when property developer Mario Salvo purchased a modern waterfront home in Glyndon Avenue. [...] HAVING built a freeway to Caroline Springs to help ease newfound traffic congestion, the government has now rezoned a major tract of western suburb land to make more efficient use of the existing infrastructure. Planning Minister Justin Madden this week approved for the residential redevelopment of 220 hectares abutting the north-western edge of the fully developed Caroline Springs housing estate, about 23 kilometres from town. The affected land is bordered by Beattys Road to the north, Taylors Road to the south and high voltage transmission lines to the west. [...] FASHION designer and entrepreneur Bettina Liano is selling a landmark South Yarra mansion just two and a half years after proverbially “trying it on”. Liano, who relocated from Armadale to tree-lined Kensington Road in 2008, is expecting some $4 million for #48. Spread over three levels the renovated home includes five bedrooms, two studies, a cellar, sun room and children’s play room overlooking a pool. Another games area – formerly used by previous owners as a squash court – has been reconfigured as a billiard room and lounge. [...] ONE of the few remaining historic mansions in Melbourne’s grand St Kilda Road is being offered for sale – but its fate – as a luxury home, or as an equally lavish office – is now in the hands of whoever waves the biggest cheque. The prominent Airlie mansion at 452 St Kilda Road, on the north-west corner of Arthur Street was once occupied by Prime Minister Stanley Bruce whose Nationalist-Country coalition governed the country between 1923 – 1929. Built in 1891, Airlie was eminent during a period St Kilda Road was revered as the address of Melbourne’s wealthiest aristocrats and where some of the city’s most grandiose residential real estate was developed. [...] |
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