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March 2011
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Ed Phillips Sells Murrumbeena Unit After Moving to Sydney

FATHER-to-be Ed Phillips sold his Murrumbeena unit after auction. The television personality, who recently married Nine News Sydney weather presenter Jaynie Seal and is now Sydney based, sold his Howe Street property for more than $450,000, after paying just $200,000 for it in 1998. The two bedroom unit, one of five on the block, and was marketed by Hocking Stuart Carnegie’s Alex Yaramanis and Mark Staples.   [...]

Village Roadshow Director to Sell South Yarra Penthouse

A MEMBER of the Kirby family, which owns media giant Village Roadshow, is selling a penthouse apartment in South Yarra’s Darling Street. Clark Kirby, the director of corporate strategy for the family business, is relocating with his new wife, Sara Groen, who was until recently a current affairs presenter with Channel Seven in Sydney. Ms Groen unwittingly made headlines last year, when Seven executives said her new haircut breached its contract, and ordered she fit hair extensions. She is also an ambassador for youth mental health service Headspace. The couple’s outgoing penthouse is spread over two levels and includes three bedrooms and three decks. It also includes three car parks, and – perhaps not surprisingly – an entertainment room with a cinema. [...]

Manningham City Council Sells Prominent Doncaster Site For $8.92 Million

MANNINGHAM City Council will bank almost $9 million from the sale of a 3113 square metre development site opposite Doncaster Shoppingtown (aerial shot, right). The 101 – 105 Tram Road site, on the south-east corner of Doncaster Road, has been purchased by an Australian based company whose principals have substantial development experience in Hong Kong and China. The new owner plans to build luxury apartments on the Doncaster site, capitalising on CBD views availed by its elevated position. Next door, at 95 – 99 Tram Road, affordable housing service provider Haven is building a 10-level, 98-unit complex. Haven paid $2.86 million for that site in 2009. [...]

George Jelbart to Sell Hawthorn East Apartment

OLYMPIC rower George Jelbart is selling a renovated two bedroom apartment he bought while at the 2004 Athens Games. Jelbart, who was a member of the youngest ever rowing crew in the history of the Olympic Games, can expect about $500,000 from the sale of the ground-floor Hawthorn flat at 4 Hill Street. The apartment includes a private entrance, and video security access. It includes a north facing deck and a pebble courtyard, and is a short stroll to the suburb’s popular St James Park. [...]

Schwartz Family Corporation to Sell 499 St Kilda Road

AUSTRALIAN hotel owners Schwartz Family Corporation are selling a major St Kilda Road development site bordering Fawkner Park. The family can expect around $53 million from the sale of The Fawkner Centre at 499 St Kilda Road, Melbourne, near the corner of Commercial Road, which acts as the Prahran and South Yarra suburb border. The 6070 square metre site includes a 19-level, 21,377 square metre office pictured, right) that currently returns annual rent of $5.9 million. [...]

Con Andronis to Sell Albert Park Home

CON Andronis, the director of leading supplier Clamms Seafood and event management company the Atlantic Group – and the owner of the popular Atlantic Seafood restaurant at Crown Casino, is selling a renovated period home by the bay. The prestige property catch, in Albert Park’s Kerferd Road is spread over two levels and includes three bedrooms, a study, garage, and courtyard garden with a BBQ and spa. It’s expected to sell for about $2 million. Kay & Burton Albert Park’s Alex Schiavo and Tom Staughton will auction the home at 1pm on Saturday April 9. [...]

Next Southbank Skyscraper Set to Rise From Clarke Street

SOUTHBANK’s next prominent apartment skyscraper will rise from 58 Clarke Street, after local developer Vicland purchased the site in an off market deal. The 540 square metre block on the south-west corner of Hancock Street sold with a permit for a 33-level, 147-unit skyscraper, which upon completion will appear to abut the Kings Way offramp of the West Gate Freeway. Apartments within this complex will capture the million-dollar CBD views currently afforded to commuters passing Southbank via that freeway, near Clarendon Street. [...]

Historic Avalon Mansion Demolished

REGULAR Grand Prix racegoers may notice the historic and former heritage-protected Avalon mansion, near the 13th turn at the bottom of Albert Park Lake, in Melbourne, has just been demolished. Built in 1903, and on a massive 2323 square metre block at 70 Queens Road, Avalon was designed by prominent architect William Pitt, who also penned the Princess Theatre and Olderfleet buildings, in town, and the Denton Hat Mill building, in Abbotsford. Avalon (pictured, right) was one of the few mansions dotted within the wider St Kilda Road precinct that survived a commercial office building boom that intensified in the 1980s, but troughed by the 1990s. [...]

Melbourne’s Metro Nightclub to be Sold Again

NINETY nine years after it was developed as a cinema, and later used as the Melbourne Revival Centre, one of the city’s most prominent cultural hubs is to be sold as a development site. The newly vacated Palace Theatre, notorious in the late 1990s at the Metro Nightclub, at 20 – 30 Bourke Street, is expected to sell for about $20 million, sources say, before being flattened. In its place, according to recent reports, could be a new shopping centre and a 140 metre apartment tower which would be the tallest yet in the ever-evolving Spring Street parliamentary district (image of Parliament House, right). [...]

Melbourne Auction Results Saturday 26th March 2011

Total Properties: 318

 

Sold: 193

Withdrawn: 7

Cleared: 59%

Total Sales: $128,804,000

Median: $621,000

Suburb
Address
Type
Price
Result

Abbotsford
70 Little Turner St
2 br h
$735,000
S

Abbotsford
130 Park St
2 br h
$630,000
S

Abbotsford
55 Park St
3 br h
$1,250,000
VB

Airport West
69 Moore Rd
4 br h
$530,000
S

Airport West
4/76-80 Parer Rd
2 br t
$312,000
SP

Albert Park
9 Herbert St
4 br h
$1,300,000
S

Albion
4 Norwood St
2 br h
$290,000
VB

Altona
13 Chorley Av
3
br
h
$480,000
VB

Altona North
13 Angus Av
4
br
t
$600,000
PI

Altona North
6 Bryan Av
4
br
h
$460,000
VB

Altona North
24 John St
3
br
h
N/A
PI

Altona North
129 Millers Rd
3
br
h
$485,000
SA

Altona North
10 Third Av
3
br
h
$460,000
VB

Ardeer
3 Tower St
3
br
h
N/A
NB

Ascot Vale
7/23 Ascot [...]