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December 2010
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Williamstown’s Gasometer Site Sells After Two Years

WILLIAMSTOWN’s contaminated gasometer site, south west of Melbourne, sold to a developer for a speculated $3.5 million before a scheduled auction, earlier this month. The new owner is expected to undertake remediation works before marketing a residential project, likely after 2012 sources say. The spectacularly located 3583 square metre site at 87 – 93 Stevedore Street, near Williamstown’s retail centre, and the waterfront, abuts an open-air car park and supermarket. [...]

Williamstown’s Gasometer Site Sells After Two Years

WILLIAMSTOWN’s contaminated gasometer site, south west of Melbourne, sold to a developer for a speculated $3.5 million before a scheduled auction, earlier this month. The new owner is expected to undertake remediation works before marketing a residential project, likely after 2012 sources say. The spectacularly located 3583 square metre site at 87 – 93 Stevedore Street, near Williamstown’s retail centre, and the waterfront, abuts an open-air car park and supermarket. [...]

Another Victorian Caravan Park Offered as Residential Development Site

CHEAP holiday makers will need to cross another caravan park off their wish-list, soon. The Bella Vista Holiday Park, in Rosebud West, on the Mornington Peninsula, has been listed for sale as a residential development site. At 15 – 33 Truemans Road, and near the north-east corner of the waterfront Point Nepean Road, the 5689 square metre block is leased to the current operators until winter 2012. It’s for private sale asking $4 million, plus GST. The selling agent is Paul Basso of Fruit Property in Tootgarook. [...]

Melbourne Auction Results

Saturday 18th December 2010 Total Properties: 151 Sold: 81 © Australian Property Monitors Ltd Withdrawn: 4 Cleared: 52% Total Sales: $47,282,600 Median: $598,500 Suburb Address Type Price Result Airport West 1/45 York St 3 br h $495,000 S Albert Park 32 Herbert Pl 4 br h $1,096,000 S Altona Meadows 3 Langhorne St 4 br h $395,000 S Ascot Vale 57 Fenton St 3 br h $915,000 S Ascot Vale 3/251 Maribyrnong Rd 3 br u $460,000 VB Ascot Vale 4/1-3 Sandown Rd 2 br u N/A PI Aspendale 76 Station & 16 Laura St o res $1,165,000 S Balwyn 28 Parring Rd 5 br h N/A PN Balwyn North 24 Jacka St 5 br h $3,350,000 VB Balwyn North 43 Sweyn St 3 br t $980,000 S Beaumaris 10/85 Charman Rd 1 br u $285,000 VB Bellfield 32 Perkins Av 3 br h $570,000 VB Bellfield 10 Plunkett St 3 br h $450,000 VB Bentleigh 72 Mortimore St 4 br h $990,000 VB Bentleigh East 34 Northam Rd 3 br h $805,000 S Blackburn 72 Blackburn Rd 3 br h $750,000 VB Blackburn 7 Gerald St 4 br h $690,000 SP Blackburn 8 Stanley Gr 2 br h N/A SN Blackburn South 18 Sylvia St 3 br h $585,000 S Boronia 1 Murene Ct 4 br h $470,000 VB Box Hill 5/30 Barkly St 2 br h $475,500 S Box Hill North 40 Saxton St 3 br h $730,000 S Box Hill South 1 Richardson St 2 br h $580,000 VB Brighton East 3/43 Cluden St 3 br t $710,000 VB Brighton East 5 Connor St 5 br h $2,575,000 PI Brighton East 4 Ferguson St 3 br h $1,010,000 PI Brunswick East 2/50a Brunswick Rd 1 br u $353,000 S Bundoora 111 Arthur St 4 br h $500,000 VB Camberwell 33 Glyndon Rd 5 br h N/A PI Canterbury 1/35-37 Victoria Av 3 br h $880,000 S Chadstone 33 Grandview Rd 3 br h N/A PI Coburg 27 Ross St 2 br h $400,000 S Coburg North 877 Sydney Rd 3 br h $420,000 VB Craigieburn 8 Tallarook St 3 br h $355,000 SP Cremorne 114/163 Cremorne St 2 br u $600,000 S Dandenong 3/36 Canberra Av 2 br u $270,000 VB Dandenong 160 David St 3 br h $470,000 SP Dandenong 57 Kirkham Rd o res $336,000 S Dandenong 42 Wilma Av 3 br h $550,000 VB Delahey 26 Shakespeare Dr 3 br h $398,000 S Diamond Creek 43 Perversi Av 4 br h $800,000 VB Doncaster 5 Hepburn Rd 5 br h $900,000 VB Doncaster East 15 Maroney Ct 5 br h $866,000 SP Doveton 4 Boobyalla St 3 br h N/A PI Eaglemont 14 Warne St 5 br h $1,166,000 S Eltham 6 Parsons Rd 4 br h $875,000 VB Eltham 6 Parsons Rd 4 br h $875,000 VB Fairfield 1/45 Station St 1 br u $345,000 S Fairfield 2/45 Station St 1 br u $312,500 S Fawkner 8 Boston St 3 br h $425,000 S Ferntree Gully 1 Cardwell Ct 3 br t N/A PI Ferntree Gully 16 Whitehall Tce 4 br h N/A PN Flemington 5 Coronet St 3 br h $631,000 S Flemington 7/7-9 Farnham Ct 1 br u $270,000 VB Frankston 4 Cromer Ct 3 br h $340,000 VB Frankston 569 Nepean Hwy land $420,000 … [...]

Developer Pays $5.95 Million For Maidstone Development Site, Melbourne

A DEVELOPER has paid $5.95 million for a 2.7 hectare site abutting a residential area in Maidstone, some eight kilometres west of the CBD. The former factory at 84 – 88 Mitchell Street is near the Maribyrnong suburb border, and within walking distance to the massive Highpoint Shopping Centre and Homemaker Centre. Longer term, it’s expected the Maidstone site will be converted from a factory into an apartment or townhouse based residential village with an end value of more than $50 million. Century 21 Wilson Pride Prahran’s David Loweinstein was the marketing agent.   [...]

Marriner Proposes Major Redevelopment of Outgoing Church of Scientology Headquarters

SEVEN months after paying the Church of Scientology $8.5 million for its long-time, outgoing, Melbourne CBD headquarters, Melbourne developer David Marriner has proposed a glass, 25-level hotel. The proposed development will retain the historic building (right) at the corner of Exhibition and Little Collins street. The building will be reconfigured as retail and strata office space. Atop the historic building, separate by stilts (not unlike a proposed building above the former Le Louvre boutique nearby), a large scale skyscraper will be developed. [...]

Stockland Pays $300 Million For Massive Kalkallo Site, Melbourne

SYDNEY-based Stockland Limited has committed to paying $300 million for a 1,121 hectare development site north of Melbourne, reportedly Australia’s largest ever individual land transaction. The Lockerbie sheep station, about 35 kilometres north of Melbourne, falls within the recently redefined Urban Growth Boundary, now, effectively allowing it to be rezoned for residential use. To date Melbourne has sprawled substantially east, and south, but less so, to the north and south. [...]

Melbourne Auction Results

Saturday 11th December 2010 Total Properties: 144 Sold: 80 Withdrawn: 6 Cleared: 53% Total Sales: $52,230,000 Median: $624,500 Suburb Address Type Price Result Airport West 30 Highridge Cr 3 br h $635,000 S Airport West 13 North St 4 br h $595,000 S Altona 12 Webb St 4 br h $1,235,000 S Altona North 2a Sixth Av 3 br h N/A SN Ascot Vale 1/27 Sandown Rd 2 br t N/A PN Aspendale 38 Eulinga Av 3 br h $635,000 PI Aspendale 10 Marabou Pl 3 br h $650,000 VB Attwood 52 Trinity Bvd 4 br h $620,000 SP Balwyn 318 Belmore Rd 3 br h $950,000 VB Balwyn 22 Burroughs Rd 3 br h $1,260,000 S Bayswater North 10 White Av 3 br h N/A PI Bayswater North 12 White Av 3 br h N/A PI Bentleigh 1/23 Vickery St 2 br h $550,000 PI Bentleigh East 24 Wards Gr 3 br h $700,000 VB Berwick 26 John Fisher Dr 4 br h N/A W Berwick 29 Turner St 3 br t $470,000 VB Blackburn 2/24-26 The Avenue 2 br h $480,000 S Blackburn North 22 Lupin St 4 br h $682,000 VB Blackburn South ?/2a Berl Ct 2 br u $491,000 S Box Hill 3 Alexander St 3 br h $980,000 S Box Hill 8/1 Via Media 2 br u $450,000 VB Brighton 38 Downes Av 3 br h $1,622,000 S Brunswick 211 Barkly St 4 br h N/A PI Brunswick 105 Blyth St 3 br h $580,000 VB Brunswick 11/31 Staley St 1 br u $355,000 S Brunswick 44 Victoria Gr land $572,000 S Bulla 145 Bulla-Diggers Rest Rd o res $417,500 PI Camberwell 18a Christowel St 2 br h $1,037,000 S Camberwell 4/23 Palmerston St 2 br u $487,000 S Camberwell 9/126 Wattle Valley Rd 2 br u $521,500 S Carlton 252 Elgin St 2 br h $624,500 S Carnegie 11 Mernda Av 4 br h $1,420,000 S Cheltenham 358 Warrigal Rd 3 br h N/A PI Clayton 11 Monash Pl 4 br h N/A PI Clifton Hill 1a John St 3 br t $700,000 PI Coburg 1 Devon Av 3 br h $757,500 S Coburg 52 Fischer St 3 br h $702,000 SP Coburg 30 Lascelles St 3 br h N/A SN Coburg 10 Main St 2 br h $480,000 VB Coburg 4 Parklane Mw 3 br t $490,000 PI Coburg 10 Queen St 2 br h $570,000 VB Collingwood 1d Ballarat St 3 br t $880,000 VB Collingwood 1/127 Cambridge St 3 br u $690,000 VB Collingwood 28 Dight St 3 br h $815,000 S Collingwood 11 Glasshouse Rd 1 br h $579,000 S Cremorne 11 Melrose St 2 br h $852,000 S Dandenong 8 The Glade 3 br h $460,000 VB Deer Park 959 Ballarat Rd 4 br h N/A W Deer Park 107 Neale Rd 3 br h N/A SN Diamond Creek 41 Broad Gully Rd 3 br h $530,000 S Dingley Village 35 Golfwood Cl 3 br h $640,000 PI Docklands 806/60 Siddeley St 2 br u $410,000 S Doncaster 26 Thiele St 3 br t $655,000 PI Doncaster East 1 Buvelot Wyn 4 br h $730,000 PI Donvale 16 Dellview Ct 5 br h $797,000 S Doveton 1 Kanooka Gr 3 br h $270,000 PI Fawkner 1/5 Shirley St… [...]

Melbourne Auction Results

Melbourne Auction Results Saturday 4th December 2010 Total Properties: 198 Sold: 114 Withdrawn: 7 Cleared: 56% Total Sales: $65,662,500 Median: $565,000 Suburb Address Type Price Result Abbotsford 6/136 Yarra St 2 br u $375,000 PI Airport West 3/70-72 Bowes Av 2 br h $450,000 S Airport West 5/22 Highridge Cr 2 br h $422,500 S Airport West 118 Marshall Rd 4 br h $580,000 SP Alphington 10 St Gothards Rd 4 br h $1,057,000 S Altona 45 Romawi St 4 br h $912,000 S Armadale 1/6-8 Avondale Rd 2 br u N/A PI Armadale 12/23 Kooyong Rd 1 br u $381,000 S Armadale 10/26 Mercer Rd 2 br u N/A PI Armadale 5/1 Munro St 2 br u $615,000 S Ascot Vale 312/38-70 Mt Alexander Rd 2 br u $380,000 VB Ascot Vale 4/39 Myrnong Cr 1 br u $315,000 S Aspendale 12 Yalambee Av 4 br h N/A PI Balaclava 12/36 Brighton Rd 1 br u $395,000 S Balwyn 48 Monash Av 5 br h $2,800,000 VB Balwyn North 20 Abbott St 3 br h N/A PI Balwyn North 5 Jason Ct 5 br h N/A PI Beaumaris 452c Beach Rd 4 br t $1,850,000 VB Bentleigh 1/45 Brewer Rd 2 br u $418,000 SP Bentleigh 69 Tucker Rd 3 br h $940,500 S Bentleigh 19 Wavell St 3 br h N/A SN Bentleigh East 1/11 Heather St 3 br h $570,000 S Bentleigh East 7 Hinkler Av 3 br h $770,000 PI Blackburn 4 Stanley Gr 4 br h $915,000 S Blackburn North 2/108 Surrey Rd 2 br u $435,000 S Box Hill South 13 Neville St 4 br h $735,000 S Box Hill South 307 Station St 3 br h N/A SN Briar Hill 1/143 Karingal Dr 3 br t $580,000 VB Brighton 3 Berwick St 3 br h $1,152,000 S Brighton 6/263 St Kilda St 2 br u $622,000 S Brighton East 65 Glencairn Av 4 br h $1,500,000 S Brunswick 4/39 Davies St 1 br u $300,000 VB Brunswick West 11/5 Allard St 2 br u $370,000 VB Brunswick West 5/578 Moreland Rd 2 br u $412,000 S Bundoora 189 Greenwood Dr 4 br h N/A SN Cairnlea 28 Playhouse Av 4 br h $532,000 S Camberwell 3/2 Callanish Rd 2 br u $553,000 SP Carlton 907/1 Bouverie St 1 br u $360,000 PI Carnegie 2/9-13 Coorigil Rd 2 br u $538,000 S Carnegie 7a McLaurin Rd 3 br h $652,000 S Carnegie 3/17 Rigby Av 2 br h $550,000 VB Carnegie 2 Toolambool Rd 2 br t N/A PI Carnegie 2 Toolambool Rd 2 br t N/A PI Carnegie ?/2 Toolambool Rd 2 br t N/A PI Caulfield 3/17 Masters St 1 br u $330,000 VB Cheltenham 18 Cox St 3 br h $620,000 SP Cheltenham 83 Weatherall Rd 4 br h N/A PI Clarinda 615 Clayton Rd 2 br h $410,000 VB Clayton South 3/12 Hayden Rd 3 br t N/A PN Coburg 5 McPherson St 2 br h N/A PI Collingwood 25 Gold St 3 br h $870,000 PI Collingwood 24/78 Oxford St 2 br u $770,000 S Coolaroo 33 Exford St 3 br h $310,000 PI Dallas 3 Towong Ct 3 br h $320,000 VB Deer Park 16 Joules … [...]

Ringwood Regent Motor Inn Site Sells to Apartment Developers

IN the 1990s, it was considered one of the outer eastern suburb’s ritziest hotels. But the former Sundowner Ringwood complex, since rebranded the Ringwood Motor Inn, has now sold to a residential developer with vacant possession. The 31-year old, 39-room brick hotel is expected to be replaced with a higher density apartment based project which sources estimate will have an end value of more than $40 million and may include high rise buildings. [...]