blog.buysellrealestate.com.au

The Raptis Group released the second tower of its Hilton Surfers Paradise Hotel and Residences development last Saturday, after fast tracking the launch to meet demand for the $700 million project.

The latest REIQ figures show that the Brookwater golf community had the best house price growth in 2007, with median house prices in the Ipswich suburb increasing 62% to $590,000 in the 12 months ending December 2007.

A three level, stand-alone office building at 599 Little Collins Street in Melbourne, has sold for around 20% above its reserve price at an auction conducted by Fitzroys.

The record number of auctions last weekend across Victoria failed to dampen the spirits of the top-end residential market, with Abercromby’s Real Estate selling more than $20 million of property in 48 hours.

Macquarie Leisure Trust Group has acquired a portfolio of 10 health clubs and one development site from Zest Health Clubs for $7.4 million. The development site is located in North Adelaide and is expected to open as a health club in September 2008.

An independent economic impact report has found that the proposed $100 million redevelopment of a retail centre in Crows Nest, New South Wales, will salvage approximately $25 million in lost trade to nearby centres.

Ten out of sixteen remaining units within a newly refurbished commercial and industrial building in Northcote, Victoria, are being offered for private sale by Gray Johnson. The units vary in size, ranging from 155 to 417 sqm.

Lahood Holdings has purchased a modern warehouse and office building in South Strathfield, New South Wales. The property has a site area of 556 sqm and a building area of 752 sqm.

Gray Johnson has been appointed to manage the on-site auction of a retail property located at 262 High Street in Preston, Victoria. The property comprises a 325 sqm showroom and warehouse.

A Melbourne CBD office building located at 113-115 Little Lonsdale Street has sold at an auction conducted by Knight Frank.