COMPOSER, pianist and one-time television personality Paul Grabowsky, is moving out of St Kilda East, in Melbourne. Grabowsky, who is renowned for his passion of jazz music, can expect some $1.5 million from the sale of his renovated four bedroom Californian Bungalow which will be auctioned next month. The Papua New Guinea born musician grew up in suburban Melbourne’s Glen Waverley and first studied music at age five. His passion for jazz started at 16, while at Wesley College which was one of the few Melbourne colleges at the time to boast a jazz ensemble. After travelling and performing for several years, Grabowski returned to Melbourne in 1986, later landing a high profile job as band front-man for Network Seven’s popular Tonight Live With Steve Vizard show, which ran from 1990 to 1993. [...]
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 BALMAIN Trilogy has reported a huge loss on the sale of a beachfront development site at Northcliffe Terrace, Surfers Paradise. Balmain sold the site to a Sydney investor this month for about $6 million, far less than the $14.5 million it paid at a more buoyant time in Queensland’s real estate market. The seven-storey 1980s complex, with 20 strata flats is on a 1151 square metre block, and sold with a permit for an 18-level tower with 14 dwellings. [...] THE largest lodging real estate investment trust in the United States may be moving into the Melbourne hotel market. According to the AFR, Host Hotels & Resorts is eyeing the $150 million Hilton Melbourne South Wharf complex, at the riverside junction that divides the CBD from Southbank and Docklands. [...]
Melbourne Auction Results Saturday 16th April 2011 Total Properties: 336 Sold: 205 Withdrawn:11 Cleared: 59% Total Sales: $122,041,800 Median: $621,750 Suburb Aberfeldie Airport West Albert Park Albert Park Altona Altona Armadale Armadale Armadale Ascot Vale Ashburton  MILLIONAIRE entrepreneur Llloyd Williams has quietly listed for sale a horse stable complex opposite the Melbourne Showgrounds, and near the western boundary of the Flemington Racecourse. In a residential street, the Ascot Vale property is configured as a double-storey home at the front, with equine facilities, at the rear. The commercial component includes 17 stables and an office. The property has rear lane access. Measuring 1049 square metres, the block is large by inner-city standards, and is being marketed as a residential development site. Apartments within any new project would capture unobstructed city views over the racecourse. Nelson Alexander Ascot Vale’s Andrew Johnston will auction 14 Leonard Crescent at midday, May 14, when it’s expected to sell for between $1.2 and $1.3 million. [...]  SUBURBS in Victoria accommodate Australia’s wealthiest and poorest average workers. According new Australian Taxation Office research, Portsea (pictured, right), about 90 minutes south of Melbourne, is home to the country’s highest earners in 2008-2009, up from third position a year earlier (those 2007-08 figures were released last year). The average income for Portsea residents was $198,987 per annum. [...]
Total Properties: 352 Sold: 231 Withdrawn: 2 Cleared: 65% Total Sales: $175,721,200 Median: $640,000 Suburb Airport West Albert Park Altona Altona Altona Meadows Altona North Altona North Ascot Vale Aspendale Gardens Balwyn Balwyn North Beaumaris Beaumaris  COMMONWEALTH Bank of Australia has leased 8500 square metres of refurbished office space within the Collins Street building that once acted as Melbourne’s stock exchange. The lease, for levels 6 to 10, are for an initial 10-year period. CBA is paying rent of $385 per square metre, per annum, presumably prior to incentives (discounts offered off this “face” rent, common in most CBD leases nowadays). Australand purchased the vacant building from Asian investors last year, which failed to relaunch the building as an apartment project. Sources say that residential conversion would never have worked given the building only has a handful of car spaces. [...]  LEND Lease has launched a new $1 billion mixed use village at Werribee, in Melbourne’s middle-western suburbs. The 438 hectare site will make way for 4000 homes, four schools and a new neighbourhood shopping centre. The first blocks will hit the market in mid 2012, and the project is expected to take ten years to complete. The price Lend Lease paid for the land has not yet been reported. Below is an announcement by the Sydney-based developer and fund manager. [...]  ACTORS Reg Gorman and Judith Roberts are selling a renovated apartment in St Kilda East’s historic Ardoch development. Built in 1922, Ardoch is reportedly one place Dame Nellie Melba stayed when in town, and where Russian spy Mrs Petrov was hidden. At 8 Ardoch Avenue (pictured,right), the two bedroom apartment will be auctioned at 11:30am this Saturday and is expected to sell for about $700,000. Marshall White Armadale’s John Manton is the marketing agent. [...] |
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