DOCKLANDS next major skyscraper should start appearing on city skylines later this year. Sydney-based developer Mirvac has just started construction of its latest waterfront apartment tower, Yarra Point, on the corner of Lorimer Street and Point Piper Crescent. Upon completion in 2013, the $200 million tower will soar 31-levels and include 201 flats. When the project was launched last October, entry level apartments started at a staggering $500,000. Four bedroom “sky residences” have fetched $2.5 million. [...]
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A SPECTACULARLY located, waterfront house, designed by the same architect that penned James and Erica Packer’s luxury home, in Sydney, has hit the market. The Guildford Bell designed double-storey home, at 3840 Point Nepean Road, in Portsea, is expected to fetch about $6 million when it is auctioned at midday, on Sunday February 13. Set on almost half an acre, and with its own beach walkway, the four bedroom house includes a four car garage, a private walled courtyard, and a petanque court. Kay & Burton Portsea’s Liz Jensen is the marketing agent. [...] REMEMBER when a walk around Balwyn North used to be an enchanting experience? When classic 50s, 60s and 70s family homes sat back on established manicured gardens, which at times meshed into the leafy streets? The turn of this century will be remembered for many controversial decisions regarding Melbourne planning, among them, the rebuilding of Balwyn North. Agents say developer interest in the past decade has been rampant, with modest cottage homes increasingly replaced with townhouses or monolith mansions, which prove particularly attractive when onsold to offshore based buyers. [...] A SUBDIVIDED piece of Victorian history has quietly hit the market, in Sorrento. Richard Shelmerdine, a member of the Myer dynasty, is selling the 1915 square metre development site – until now part of the much larger historic property known as The Sisters, and within the precinct of Victoria’s first European settlement. In early 2008, the Shelmerdine’s paid $18.4 million cash for the exclusive 1.2 hectare site, which has been in private hands since 1890, and was last owned by eccentric millionaire Peter Rand. [...] CHINA-based developers are swarming to redevelop Melbourne residential projects, with 11 projects, yielding some 3000 flats on the cards. Last month the Jiangxi-based Lyz Group paid the Deague family about $23 million for a major residential development site in Daly Street, South Yarra. North of the city, Chinese developers are also behind a controversial redevelopment of the Northcote AMF Bowl Centre. [...] THE new Victorian state government has significantly discounted liquor license renewal fees. The move, affecting 10,500 small businesses and community hubs, is part of a liquor licensing revamp that includes automatic suspension of licenses at problem venues, and discounts for pubs and clubs with good records. Under the previous Labor government, led by Steve Bracks and then John Brumby, liquor license fees rose steeply. That government was also criticised for not supporting venues like sports club which were low risk when it came to alcohol-linked violence. [...] |
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