Bayley Stuart News Today

A five-level office building in East Melbourne has changed hands for 14 per cent below its $60m asking price after a succession of rate rises cooled the market.

CBD properties flood the market as owners shift into sell mode We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement Shifting fortunes are bringing a flood of CBD properties to market with a raft of long-term and short-term investors calling time on their holdings. In the west end, a pair of investors who held their properties for more than 40 years are selling 423-425 Elizabeth Street. CostFox’s strata office in Cremorne. Credit:...