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Last August, an $80 million sale in Melbourne’s most expensive suburb reset records. Now, buyers agent and Toorak tour guide, David Morrell, says $100 million is in reach.
Central Equity is a prolific developer of high-rise apartments in Melbourne and offices linked to the company’s directors have bought a row of fashion shops in the city’s east for more than $30 million.
Chadstone is more than just a world-class shopping precinct where visitors can also now stay as well as play, shop and eat all at the one destination in Melbourne's south-east.
The earnings upgrade came on the back of strong retail sales and improving negotiations with its retailers.
Australia’s richest added $75 billion to their fortunes last year, while workers face soaring living costs and lower real wages.