Less investor activity and stricter lending conditions continue to slow the rise in Sydney's house prices, while houses and units in Melbourne continue to grow. Sydney's annual house price growth has slowed and the growth in its apartment values are at a 15-month low, while Melbourne's median house price exceeds $900,000 for the first time. Online property portal Domain says the median house price in most capital cities rose over the December quarter. However, less investor activity and... Read More
Last year was one of considerable change for the property sector, with significant government and regulatory changes implemented in the new financial year, leaving many questioning how the market would respond. July 1 saw off-the-plan stamp duty savings axed for investors, with the concession retargeted towards first home buyers. Investors were also lumped with a tax on vacant properties, while developers were limited to 50 per cent... Read More
Six years after a permit was granted for the redevelopment of the historic Channel Nine studio site building in Richmond, Lendlease have submitted an updated proposal for the undeveloped components of the Bendigo Street site. The global property developer submitted the new proposal to the City... Read More
Construction is officially underway on redevelopment of an old car park in the Melbourne suburb of Prahran into a vibrant urban parkland. Construction commenced earlier this month with current works involving the removal of existing infrastructure situated in the future parkland areas bounded by Cato Street, Izett Street, Wattle Street and Chatham Street. Kane Constructions are the appointed builder. Read More
7,000 square metres of prime yet underutilised Brunswick real estate is heading down the path of urban regeneration. 342-348 Victoria Street had for generations been the home of Australian Licorice Company. Whilst production onsite may have ceased during 1985 the operation's redundant chimney takes pride of place over the site, so much so it is considered of "historic, social, architectural and scientific importance to the State of Victoria" by the Victorian Heritage Database. With this in mind Fieldwork Architects have... Read More
A family home in Melbourne has gone up for sale with the vendor willing to accept bitcoin as payment for the property. If the sale does go through, it could be Australia’s first cryptocurrency property transaction.The two-storey property is located in Melbourne’s outer-west at The Basin and boasts 5-bedrooms and a 6-Star Energy Rating. Property builder Robert Gadd who constructed and is now selling the house first became involved with bitcoin 6-12 months ago.He said that... Read More
One of the more polarising and controversial Melbourne developments in recent times has commenced construction. Deemed by some to be the most significant architectural statement in Melbourne since the creation of Federation Square,... Read More

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