Regis Healthcare founder Bryan Dorman has sold a sprawling office at the Tally Ho business park Leased to the federal government for the National Archives of Australia is collecting nearly $32 million from a Sydney based syndicator Mr Dorman paid Sergey Mudrachenko’s Ortello Investments Pty Ltd $24.25m nine years ago GPT also once owned the property – selling for $10.5m in 2008 Developed in 1994 for the National Archives of Australia with 6400 square metres (story continues below) The government just committed to a lease before the asset was listed in May – for five years with a four year option the sale price reflects a c7.5 per cent yield CBRE’s Scott Orchard and Will Heffernan with Gorman Commercial’s Peter Bremner and Jonathan McCormack were the agents The deal comes 18 months since Mr Dorman paid $45.5m for a Richmond showroom abutting another held seven years to create a 5238 sqm long term development site Subscribe to our newsletter at the bottom of this page A former property analyst and print journalist Marc is the publisher of realestatesource.com.au Forgot your password? You will receive mail with link to set new password Back to login Leading Goalkicker: Matthew Mariani (14 Goals) An inconsistent season on the field saw the Rams finish the year with seven wins and finish in eighth place on the Division Two ladder Justin Whitcher was appointed head coach of the senior side the club parted ways with the ex-Rams player at the conclusion of the 2024 season A tough opening month saw East Burwood enter Round Five winless coming off a 124-point loss to the eventual premiers The side hit some form in the middle part of the season winning four of their next five but two close losses against Croydon and Ringwood ended any potential finals appearance Taking home the Colin Tainton Medal at the club’s best and fairest was Jaymie Kempson averaging an impressive 26.7 disposals per game The two Runner Ups in the best and fairest count were Anthony Jenkins and Matthew Mariani the likes of Ben Hammond and Marcus Young both had impressive seasons themselves Best Win: Round Seven – East Burwood 9.7 61 def Two wins against the Dockers this year stand out as two of their better wins in 2024 when the side knocked off the Dockers on the road the Rams were probably at their peak in 2024 managing to hold off the Dockers in the final quarter to win by eight points listed as the side’s best player on the day while both Matt Mariani and Marcus Young finished with three goals each the senior side has announced their fourth coach in four years Kyle Dove has been announced as the new senior coach a fantastic player and a loyal Ram that has come from the East Burwood Junior program Dove first played senior footy at East Burwood in 2013 captain this year and now senior coach in 2025 It’s a big step but an exciting one for the club with Dove having some great respect from the playing group A couple of changes to the playing group include Matt Mariani’s return back to Templestowe It’s fair to note that the side had certain key injuries and players overseas in 2024 East Burwood Rams (Division One): 6th (5-9) East Burwood Grey (Division Four): 7th (4-8) East Burwood White (Division Twelve):5th (4-7-1) Another big year for the East Burwood Netball program with four sides competing in the 2024 New Balance competition The Premier Division side made the finals series in the top division for a fifth consecutive season The Rams finished with eight wins in the season East Ringwood was able to run over the top of the Rams in the second half for a 13-point win Both Belinda Williams and Ella Tweedale had big scoring seasons Gabrielle Clarke was unstoppable in defence winning the Lisa Stafford Medal at the club’s presentation night Clarke was also the runner-up in the league best and fairest East Burwood Rams also started the season in Premier before moving into Division One in Round Five Chloe Francis was crowned the side’s best and fairest winner Both East Burwood Grey and White finished the year with four wins each in their respective divisions Kelsey Donohue won the club best and fairest for the Division Four Grey side while Storm Ward took home the B&F honours for East Burwood White Match Footage EFNL Board Staff Junior Committee Senior Clubs Junior Clubs Safeguarding Children & Young People Annual Reports (VIEW MAP) Email: enquiries@efnl.org.au Terms of Service  |  Privacy Policy  The Burwood East building home to a repository of National Archives of Australia has come to market Melbourne’s wealthy Dorman family are selling the Burwood East home of the National Archives of Australia (NAA) for more than $30m Records that date back to 1839 are kept in the archives of the repository The building at 31 Vision Drive has been leased by the NAA for about 30 years and they have just signed on for another five years with the option to extend RELATED: Geelong CBD supersite offers access to growth market Car park in Melbourne’s CBD sells for $20m+, the biggest sale of the year Car wash site owners clean up in Belmont auction sale Dubbed a “set and forget” investment by its current owners the Commonwealth government currently pays $2,366,861 a year in rent — with the figure to increase by 3.5 per cent annually The Dorman family are selling the property currently held in the name of their Dorman Capital firm to redirect funds back into their development pipeline and invest in new projects “31 Vision has been a tremendously reliable set and forget investment; however given the highly suited nature of the asset will provide a new owner attractive value and dependable returns,” managing director Nicholas Dorman said A photograph of Bourke Street from its eastern end in 1975 kept by the National Archives of Australia A photograph of a procession of trams travelling along Bourke Street in 1989 kept by the National Archives of Australia CBRE senior director Scott Orchard said the investment was like a government bond because the Commonwealth lease — one of the most sought-after by investors — was supported by high underlying land value “It’s an asset of national significance so I think it could attract a large variety of buyer interest,” Mr Orchard said The building is located in the Tally-Ho Business Park precinct near Box Hill The Glen Shopping Centre and Deakin University Gorman Commercial director Peter Bremnar said its location would be another buyer drawcard as the precinct was also home to other government services data centre and major businesses like Motorola An expressions of interest campaign for the Burwood East closes in mid-June MORE: Brandon Park Shopping Centre: Former AFL Commissioner Chris Langford St Kilda: Massive super site near Luna Park expected to sell for $70m-$80m Melbourne weighs on the property sector’s confidence realcommercial.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd By accessing or using our platform, you agree to our Terms of Use. The building at 31 Vision Drive has been leased by the NAA for about 30 years RELATED: Geelong CBD supersite offers access to growth market Car park in Melbourne’s CBD sells for $20m+, the biggest sale of the year Car wash site owners clean up in Belmont auction sale MORE: Brandon Park Shopping Centre: Former AFL Commissioner Chris Langford St Kilda: Massive super site near Luna Park expected to sell for $70m-$80m Melbourne weighs on the property sector’s confidence Where to Find Australia’s Best Inner-City Bakeries By Katya Wachtel By Katya Wachtel By Matheus there’s a strong emphasis on provenance and seasonality Try its Indo-French Vadouvan eggs with labneh and smoked carrots or pastrami-style cured salmon with soft-boiled egg pickled fennel and potato rosti – both fixtures of the all-day breakfast menu feast on braised beef short rib and gruyere burgers or raw marinated yellowfin tuna spaghetti with fermented chilli and heirloom tomato Drinks also reflect the produce-driven ethos There’s room for up to 120 seated across the sprawling restaurant which is light-filled with a barn-style A-frame and floor-to-ceiling windows overlooking the gardens The restaurant can also be booked for private events while The Glass House is appropriate for larger parties Website: rombe.com.au We do not seek or accept payment from the cafes bars and shops listed in the Directory – inclusion is at our discretion Venue profiles are written by independent freelancers paid by Broadsheet Bakeries and Restaurants That Opened or Closed in April 32 of the Hottest Dishes and Drinks in Melbourne Right Now Menu Reveal: Five Things To Order at Junda Khoo’s Ho Liao First Look: Filipino Pop-Up Palay Moves to Fitzroy for Good It’s a new dawn for East Burwood as the club will take on 2025 with a new senior coach it’s a familiar feeling at East Burwood Reserve as the club welcomes its fourth senior head coach in the last four years Rams fans will be filled with hope ahead of the new season senior player and senior captain Kyle Dove has hung up the boots and will take the reigns of the club he’s spent his life at “It’s just been really exciting to work with players that obviously I’m very familiar with and have spent time playing with,” said Dove The first-time head coach will work with many of his former teammates as he looks to take East Burwood further up the ladder in 2025 Among these are Lachy Jose (seven times in best) and Marcus Young (twelve goals) as last season’s leading goal kicker has returned to Templestowe over the off-season Dove is insistent that Mariani’s departure is an exception to the norm “The most pleasing thing is being able to hold onto our core,” said Dove “We’ve only lost a couple players… we’ve been able to retain probably 95% of our list.” East Burwood struggled with consistency last season finishing just two places off the bottom of the table Head coach Dove is looking to take some strides in the off-season but understands that too much change is not always a good thing “It’s important not to make massive overriding changes,” said Dove “We’ve obviously built this year around where we saw a few patches in our game last year “[The changes] have been pretty minor in terms of introducing little nuances in our game that I think will hold us in really good stead “We’re going to play a really exciting brand of footy.” The Rams had to wait until Round 5 to pick up their first win in 2024 those at East Burwood Reserve are adamant on opening their account much earlier on this time around “We’ve already spoken about wanting to hit Round 1 in full stride,” said coach Dove “Really honing in on our craft and knowing our role and being able to execute… we don’t want to be hitting Round 1 and still be finding out a little bit about how we want to play and our brand.” East Burwood will travel to Central Reserve in Round One to take on Waverley Blues SaveLog in, register or subscribe to save recipes for later.You have reached your maximum number of saved items Remove items from your saved list to add more Add articles to your saved list and come back to them anytime ShareNaarm’s daytime darlings shine with creativity at all points of the compass, providing perfect cremas and brunch every which way, always with a side of joy. See all stories.The light, airy cafe is located on a rooftop. Simon SchluterCafe$$$$ Next to the rooftop garden at Burwood Brickworks is the spacious Rombe, where poached eggs come with vadouvan butter and smoked carrot puree, and a bright raw vegetable salad teams with peanut butter hummus. Cakes are startlingly pretty and drinks include the Coco Cloud, made with matcha cream and pomegranate pearls. ReviewRead the full review of RombeContinue this series This retro charmer hoists the Melbourne milk bar to new ground. Stovetop SessionsThis bright 20-seater is all about the coffee, but there’s no espresso machine. Moon MartMoon Mart cafe is the Melbourne version of a Japanese convenience store. SaveLog in, register or subscribe to save recipes for later.You have reached your maximum number of saved items This rooftop cafe adds fine dining touches to brunchesPerched atop Melbourne’s most pleasant suburban shopping centre Rombe serves a daytime menu with dinner aesthetics and patisserie-style desserts ShareAs featured in the October hit list. See all stories.1 / 7Rombe’s spacious airy dining room.Simon Schluter2 / 7Vadouvan eggs: Poached eggs drizzled with spiced ghee and garnished with zaatar over herbed carrot puree and lemon labne.Simon Schluter3 / 7Patisserie-style miso caramel and coffee dessert.Simon Schluter4 / 7Coco Cloud drink with coconut water matcha cream and flaked almonds.Simon Schluter5 / 7The 100-seat venue does not take bookings aside from large groups.Simon Schluter6 / 7Rainbow salad featuring beetroot freekeh and peanut butter-laced hummus.Simon Schluter7 / 7Brickworks’ rooftop community garden.Simon SchluterPrevious SlideNext SlideCafe$$$$ Dining is topsy-turvy these days. Thursday seems to be the new Friday. Eating at 5pm is the new 8pm How else to make sense of this delightful fine-dining experience on a sunny spring morning airy dining room in a rooftop garden with views to the Dandenong Ranges The menu is dotted with prestige preparations: hot curry butter This impressive cafe is at Burwood Brickworks with impressive sustainability credentials Solar panels provide the centre’s energy and grey water is treated on site The rooftop is a community garden and some produce ends up at Rombe which overlooks rows of cabbages and carrot tops A cafe first opened here in 2019 but it didn’t survive the 2020 headwinds What did happen was that three friends who live locally met on the rooftop for lockdown strolls Sam Miao and Karen Wang lamented their shuttered wedding business Robin Yu was sad about the cafes he had long worked in They concocted a plan to take over the empty premises and turn it into a cafe that could also host functions. Rombe opened this March. (In July, the trio opened Baked Wonder next door, a more casual experience for indulgent pastries such as a signature pink croissant.) Jeffrey worked with head chef Jerry Yi (ex-Paradise Valley Hotel and Shihuishi at Hotel Sorrento) to bring the food to life. Vadouvan eggs: Poached eggs drizzled with spiced ghee and garnished with zaatar over herbed carrot puree and lemon labne.Simon SchluterYi brings dinner aesthetics and detail to suburban brunch. You see it in the vadouvan poached eggs, drizzled with spiced ghee and garnished with zaatar over herbed carrot puree and lemon labne. It’s there in the rainbow salad, a lovely tower of beetroot, miso-pickled pumpkin, freekeh and peanut butter-laced hummus. You feel it in the pastrami-spiced cured salmon, served with horseradish from the garden. Have the salmon as a side or the majestic plated version with that thousand-layer potato. Miso caramel and coffee dessert.Simon SchluterPastry chef Tina Huang crafts extraordinary cakes, domed wonders with mousse fillings and pristine glazes. My coffee miso caramel creation transported me to a top patisserie, even as I perched atop Melbourne’s nicest brickworks. Funk, fire and fantastic cocktails: This secret bar might be the Thai diner of your dreamsBar Spontana is one of those spots that feels like a secret, and a really juicy secret at that. US burger giant to open a second Melbourne store – and there are more to comeAfter the success of its original Southbank location, cult US burger chain Five Guys is expanding. ‘Of all the recent restaurant openings in Melbourne, this feels the most exciting’You know you’re in Melbourne when you’re welcomed into this lovely bluestone restaurant tucked behind a church. news and the hottest openings served to your inbox with 750 new native trees being planted in Burwood and Box Hill – well before Suburban Rail Loop (SRL) East is complete The first 250 native trees have been planted this month along Gardiners Creek and Blackburn Creeklands corridor and improving the trails where locals ride In partnership with Whitehorse City Council the trees have been grown from locally-collected seeds so they are suited to the local area and more resilient to climate change The underground SRL East stations in Box Hill and Burwood will provide convenient cross-suburb connections to jobs health services and study opportunities to meet the needs of these growing suburbs 4000 trees will be planted as part of SRL East works doubling the tree canopy in the neighbourhoods around the stations It means for every tree impacted by the project Learn more about our tree planting program Add articles to your saved list and come back to them any time two teenage girls are under arrest and up to four males are on the run after an allegedly stolen car crashed into another vehicle in Melbourne’s east The Jeep Grand Cherokee hit the other vehicle at the intersection of Warrigal Road and Highbury Road in Burwood about 7pm on Tuesday The crash scene on Tuesday night.Credit: Nine News Police said the Jeep was travelling fast and erratically The driver and sole occupant of the second vehicle There were up to six teenagers in the Jeep Two 15-year-old girls were arrested as they allegedly tried to run away Police described the decision of the occupants to flee and leave a dying man as “absolutely cowardly” They know someone would have been hurt in that vehicle .. to leave a person either injured or killed is cowardly; it’s absolutely cowardly,” Detective Senior Sergeant Christian Von Tunk said The Jeep was said to have been stolen during an aggravated home burglary in Cranbourne South last week before being used in two armed robberies in Ormond and Ripponlea on June 30 It is unclear whether the teenagers in the crash were involved in any of the earlier crimes Police said they had funnelled a lot of resources into tracking down the males who were in the crash vehicle and warned their friends and family to urge them to come forward “Anyone known to the people in that vehicle if you know those people tell them to come forward to the police We want to speak to those people,” Von Tunk said Two 15-year-old girls were arrested after trying to flee the scene.Credit: Nine News The teenage girls are known to police and were taken to hospital under police guard before being released from hospital and taken into custody Government minister Harriet Shing said the collision was devastating and asked anyone who had information to come forward “We want to make sure that we are able to understand what happened,” she said “We have the lowest youth offending rate in Australia we also know that it is a very small group who are persistent offenders.” Child and youth crime has continued to rise in Victoria over the past year according to figures released by the Crime Statistics Agency in June The number of offenders in the 15-to-17 age group in the 12-month period rose by almost 25 per cent to 15,495 a core group of repeat offenders committed more serious and violent crimes predominantly in the eastern and outer-southeastern suburbs Get the day’s breaking news, entertainment ideas and a long read to enjoy. Sign up to receive our Evening Edition newsletter. two teenage girls are under arrest and up to four males are on the run after an allegedly stolen car crashed into another vehicle in Melbourne\\u2019s east Police described the decision of the occupants to flee and leave a dying man as \\u201Cabsolutely cowardly\\u201D to leave a person either injured or killed is cowardly; it\\u2019s absolutely cowardly,\\u201D Detective Senior Sergeant Christian Von Tunk said \\u201CAnyone known to the people in that vehicle We want to speak to those people,\\u201D Von Tunk said \\u201CWe want to make sure that we are able to understand what happened,\\u201D she said \\u201CWe have the lowest youth offending rate in Australia we also know that it is a very small group who are persistent offenders.\\u201D entertainment ideas and a long read to enjoy Burwood in Melbourne’s east is well known for its local schools great parks and Deakin University’s largest campus - making it a great place to live Suburban Rail Loop (SRL) East will deliver a metro rail line and underground station to this area for the very first time making it easier for the 26,000 students and 1500 staff who travel to the university every day Close to the university is Gardiners Creek (KooyongKoot) trail a cycling and walking track extending 20km from Blackburn Road through to Main Yarra Trail Let’s look at this growing suburb and its bright future Burwood | 1-minute walk from Deakin University 221 Burwood Highway | 1-minute walk from Deakin University tram stop 63 15 Sinnott Street | 13-minute walk from Deakin University Lundgren Chain Reserve Playground | 2-minute walk from Goold St/Station St bus stop Burwood East | 6-minute walk from Middleborough Rd/Burwood Highway tram stop 'I’ve been in Burwood all my life - 23 years - and working in Burwood is just fantastic it’s going to be fantastic for SRL to have that connectivity between lots of different suburbs.' 'Deakin University is a great place to be and is part of the reason why I’ve been here for the past 20 years or so The atmosphere and students’ vibrancy - you can really feel the excitement around the area SRL will make access to campus a lot better.' but what I love is it’s in between the CBD and the Dandenong Ranges I think SRL will open up more suburbs that we can feasibly live in as we manage our life between home and work.' 'Burwood has been very good to myself and family Public transport has to become more available It will make this centre more available to all the community.' Burwood will flourish as an easily accessible centre for education based around Deakin University and top-class schools when SRL East opens by 2035 SRL will provide a train connection to the doorstep of the university campus slashing travel times and providing faster and more convenient public transport to schools and universities A journey between Glen Waverley and Deakin University will take just 5 minutes The new underground station at Burwood will have 2 levels and be fully accessible for all passengers via lifts and escalators New bus and tram stops will be built right outside the station and a pedestrian overpass across Burwood Highway will provide a safe and easy connection between the station and Deakin University as well as links to Gardiners Creek trail and nearby schools The station will include pick up and drop off areas taxi bays and up to 750 bicycle parking spaces Jobs in the area are expected to more than double to 24,000 when SRL East and SRL North are built with more opportunities for local businesses and for more diverse housing in the broader neighbourhood was among the more than 5900 home sales settle in the suburb over the past 12 months Victoria’s pandemic-era tree change revolution has been given the chop with new property settlements data showing a surge in Melbourne’s suburbs while regional numbers plunge Australia’s primary digital property exchange platform show the state’s homebuyers splashed an eye-watering $142bn buying more than 170,000 homes across the state in the past year Melbourne was home to Australia’s three most-transacted postcodes with Tarneit in the city’s west topping the list at 5906 settlements in the 2024 financial year RELATED: Victoria’s ‘Portaloo index’ shows where new homes are being built Melbourne home price growth revealed: 306 suburbs where values rose | PropTrack 41,000 Victorian ex-rentals listed for sale in last 12 months: Suburbtrends Melbourne and its fringes dominated the state’s list of biggest increases in settlements with the city’s south eastern fringe at Nar Nar Goon surging 354 per cent and Coldstream on the city’s outskirts rising 116 per cent Oakleigh South and Brunswick East were also in the top 10 statewide with sale completions rising anywhere from 75 per cent to 106 per cent Meanwhile the suburbs with the biggest reductions in settlements centred on many of the tree-change areas that gained popularity during lockdowns Lethbridge had one of the biggest drops in sales numbers over the past financial year but 72 Sutherland St was among the homes that still inked a deal Lethbridge near Geelong was down 56 per cent Mortlake in the state’s west had a 55 per cent fall in transactions and New Gisborne Postcodes just outside of the city’s urban fringe including Garfield were also in the top 10 for sharpest declines over the past financial year but had recorded rises during the pandemic PEXA chief economist Julie Toth said the tree-change trend of the Covid era appeared to be in reverse with metropolitan Melbourne’s settlement numbers rising 8.6 per cent at the same time as the numbers fell 5.9 per cent in regional Victoria and contrasts with a lower number of sales in regional areas,” Ms Toth said “But they are coming off a couple of big boom years when they had quite high numbers during the pandemic.” A future new housing haunt in Melbourne’s south east Nar Nar Goon recorded Victoria’s largest increase in sales numbers by percentage — with 4-6 Racecourse Rd among them The economist added that those on the hunt for an affordable home should also take note of the big sales numbers in Tarneit “Those suburbs with the big sales numbers are the growth areas for affordable housing and new household formation,” she said “This is where supply is greatest at the moment.” Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox MORE: Property expert whose six-year-old daughter bought a home Victoria housing crisis: New home builds being started slumps to decade low, could cost $1bn Where Melbourne home buyers can save a deposit faster than prices are growing third parties have written and supplied the content and we are not responsible for it completeness or reliability of the information nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders We strongly recommend that you obtain independent advice before you act on the content realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. By accessing or using our platform, you agree to our Terms of Use. The rooftop of a shopping centre in suburban Melbourne is not the most obvious site for an edible garden and cafe but that’s what makes Burwood Brickworks’ 2500-square-metre urban farm and eatery all the more special The project is an extension of the shopping centre’s sustainability ethos and a chance for guests to immerse themselves in an urban green space in an unlikely setting it’s always hustle-bustle and this is one of those places where you can really go to escape that,” centre manager Robert Breda tells Broadsheet travel spots and more – curated by those who know The rooftop is split into three sections – new all-day eatery Rombe led by head chef Jerry Yi (ex-Shihuishi at Hotel Sorrento) The Glass House (previously an actual greenhouse that will now operate as an events space) and a lush garden The garden is managed by Cultivating Community an organisation focused on community gardening that provides employment and social connection for culturally and linguistically diverse communities and those who are d/Deaf or hard of hearing The garden primarily coexists alongside Rombe without much crossover though some items do make their way onto the menu including herbs for use in cocktails and seasonal vegetables for the salads there is a strong emphasis on provenance and seasonality smoked carrots and an Indo-French spice called vadouvan) and pastrami-style cured salmon pickled fennel and rosti are fixtures of the all-day breakfast menu Lunch ranges from braised beef short rib and gruyere burgers to raw marinated yellowfin tuna spaghetti with fermented chilli and heirloom tomato The restaurant can also be booked for private events with room for up to 300 standing Rombe is currently open for breakfast and lunch and will begin dinner service from late April instagram.com/rombe_rooftop I Tried the Tiktok-Famous Nuggets From Glenferrie Gourmet Meats – and They’re Well Worth the Hype Cafe and Bar Openings We Got Excited About Last Month First Look: Japanese Chef Hiroshi Kawamata Brings His Cult-Favourite Tokyo Dessert Shop to Melbourne a New Elwood Cafe from the Leaps and Bounds Team The VicRoads building in Burwood East has sold IN A record sale for Burwood East’s Tally-Ho business park an office building has sold for $25.5 million to a first-time investor in Melbourne’s commercial market which was purpose-built for VicRoads in 1996 fought off six other offers to snap up the building owned by Yulgilbar Custodians and Myer Family Investments The sale represented a benchmark building rate of $5655 per square metre for the park which is more than 41 per cent higher than the average of the last three transactions CBRE’s Scott Orchard said the expressions of interest campaign attracted seven offers from local and offshore investors and developers He said the competitive campaign was due to the high demand for office buildings in the area “We’ve always had the belief that such properties would have a good outcome in this area,” Mr Orchard said “There’s a healthy appetite for these kinds of buildings in Burwood East but there’s only a handful of them available VicRoads recently committed to a new three-year lease at the building to mid-2021 Burwood One shopping centre sold for more than $180 million An international investor has splashed more the $180 million on the Burwood One shopping centre The Burwood East complex on the prominent corner of Burwood Hwy and Blackburn Rd was snapped up by a Melbourne-based buyer from Hong Kong the shopping centre is home to Australia’s oldest Kmart store which opened in 1969 The site at 172-210 Burwood Hwy is home to Australia’s oldest Kmart The 58,780sq m site had been expected to fetch up to $200 million CBRE national director Mark Wizel said the mega deal was a record for a suburban shopping centre when the income it generated was stacked up against its sale price “The buyer that has acquired Burwood One did so accepting a return of about 5 per cent annually,” he said “The return is the lowest ever recorded for a shopping centre of a subregional nature.” Mr Wizel said this meant the buyer had paid top dollar for the shopping centre which they saw as a “generational investment” CBRE state director for Victorian retail investments Justin Dowers said it was also a record sale for a shopping centre in Australia owned by just one family The shopping centre had an estimated net income of more than $9.5 million a year and a zero vacancy rate Australia’s first Kmart store in Burwood East in 1969 CBRE said the centre had the strongest trading Kmart and Coles combination in Australia with the retail giants signed to 21- and 20-year leases respectively The popular complex also includes Coles and Aldi supermarkets Mr Wizel said he was blown away by the interest the shopping centre attracted during the sales campaign “Those at the pointy end of the process included Australian-based institutions as well as several private buyers who sourced their capital out of Asia,” he said The complex first hit the market in July and secured a sale last week during the second round of the international expressions of interest process has been labelled the suburb’s best and sold $412,000 above its reserve at auction yesterday The “best house in Burwood East” has earned its vendors a tidy $500,000 in four years after it sold today The house at 22 Davis St sold for $2.362m in a heated auction with nine bidders Fletchers auctioneer Steven Zervas said he had sold it to the vendors for $1.86m “brand new” four years ago and they had been hoping for $1.95m on Saturday – putting them a hefty $412,000 above expectations RELATED: Does your home earn more than you? Search every Melbourne postcode Melbourne heads to biggest online auction week as APRA tightens loans Burwood Brickworks releases final apartment tower, selling last homes “But I think it was the best house in Burwood East four years ago and four years later it is still the best house in the suburb.” Its luxe layout includes five bedrooms and bathrooms multiple living zones and a variety of outdoor entertainment spaces is finished with a range of high-end materials The home makes good use of natural light and an open-plan living space It was not only homes snaring big results under the hammer The final five blocks of land at Villawood Properties’ Aquarevo estate in Lyndhurst also went under the hammer online and with 66 bidders active all sold between $76,000 and $172,000 more than their reserve price While the blocks had been expected to sell from $439,000 to $614,000 The Aquarevo estate is one of Melbourne’s most sustainable and the five lots were part of its Ecorevo precinct where buyers must build at least a seven-star energy-rated home The final blocks have now been sold at Villawood Properties Aquarevo development in Lyndhurst At 8 Smith St, Hampton, a pair who had felt they would not have a chance at buying the home were the only ones to make an offer at the auction The striking three-bedroom house wound up selling to them after the auction for $1.43m Buxton Brighton’s Tom Davidson said the buyers were thrilled to have bought their second home “They came through about a week before the auction and as I followed up with them they said they didn’t think they would be able to compete for it,” Mr Davidson said MORE: Luke Hodge: Hawthorn legend lists Glen Iris family home Ex-Saints CEO lists Rye ‘home away from home’ for some of AFL’s biggest names Barrett & Co Maltings site for sale at $15m+ after failed development bid Share via...Gift this articleSubscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe The wealthy Myer family has collected a tidy return on its divestment of the VicRoads office building in Melbourne's east selling it to an offshore Chinese investor for $25.5 million The property at the Tally Ho business park in Burwood East is held by Myer Family Company Holdings and Yulgilbar Custodians and was acquired from BlackRock five years ago for $16 million SaveLog in or Subscribe to save articleShareCopy link Gift 5 articles to anyone you choose each month when you subscribe. Follow the topics, people and companies that matter to you. Read MoreSalesLatest In PropertyFetching latest articles CERYS AP REES: Yeah, we've got a communal hub up here, which is just members of the local community can literally come up, pick some salad greens for their dinner and walk back home. Like, it's awesome! It's amazing! I wish this was in every single community.  COSTA GEORGIADIS: Cerys works for Cultivating Community, the organisation tasked with running this farm, but she also works in community gardens all over Melbourne. The name 'Cultivating Community' suggests that you're growing a lot more than just vegies here on the rooftop.  CERYS AP REES: Building community! It's amazing! So, one of our big things is working with culturally and linguistically diverse people. We run our Hear Me See Me Employ Me program out of here, which is a beautiful partnership we've got with Victorian College For The Deaf, and it's a work-experience program.  COSTA GEORGIADIS: Hear Me See Me Employ Me gives young people who are deaf and hard of hearing a chance to learn gardening skills during an internship while they're still at school, then apply for jobs as paid maintenance gardeners. Two of the program's recent graduates, Musti and Wisnu, are now employed to help keep the farm cranking out produce. So, what are we harvesting here today?  ANAK WISNU: We're harvesting zucchini today, and we...  COSTA GEORGIADIS: Yeah, how did he actually sign 'zucchini'? ANAK WISNU: It's Z and also the shape of the vegetable as well.  COSTA GEORGIADIS: So, sort of like Z, tube.  COSTA GEORGIADIS: Oh, here's one. What else are you harvesting up there, Musti?  COSTA GEORGIADIS: Oh, yeah. Nice. Redhead. Wiz, how did you get involved with the program?  ANAK WISNU: So, I started studying at VCD. Like, we learnt a few things like you normally do literacy and maths, that sort of a thing. And then I did a speciality course on Thursdays. Now I've graduated and I applied for a job and I've received one here, so, I'll be working as a casual next year, and I'll be working part-time, so, that's very exciting.  COSTA GEORGIADIS: Generally speaking, it's hard for young people to find their first job. Is it harder for young people who are deaf, do you think?  ANAK WISNU: Yeah, I do think so. I think when a hearing person goes for a job, they can communicate quite easily. But when a deaf person applies for a job, they need to book an interpreter, and they need to think of all of these additional barriers that they need to get through, so, yes. And it's giving me a lot of experience about the workplace and taught me a lot of different skills involved with irrigation and setting up a garden, also looking after the soil, all sorts of things.  COSTA GEORGIADIS: What are your favourite tools?  MUSTAFA OMAR: My favourite... ..broadforks, backpack spray.  COSTA GEORGIADIS: Do you like this type of work that you do on the farm?  MUSTAFA OMAR: Yes. It's because it is best work experience.  COSTA GEORGIADIS: Now, this is your first job. Is it a forever job?  MUSTAFA OMAR: No, it was short... ..short time. And I want to... ..to be a barber.  CERYS AP REES :The opportunity. You know, that's what I believe this program offers. It's an opportunity for deaf and hard-of-hearing people to build their employability skills and then take it off to work in other organisations, or maybe even with us, who knows?  COSTA GEORGIADIS: So, where does all this incredible produce that you're growing here end up?  CERYS AP REES: So, everything here goes into our food-insecurity projects that we run as an organisation. Local community groups can get accessible produce, and then they either give it away for free or charge community a gold-coin donation, which is amazing. It gets into the hands of people that need it, which is just the perfect outcome.  On the rooftop of a suburban shopping centre in Burwood, east Melbourne, is a surprise feature – a highly productive community garden. The garden is run by a group called Cultivating Community, and organiser Cerys ap Rees says they aim to include people from culturally and linguistically diverse groups.  There is an employment program run in partnership with the Victorian College for the Deaf, providing work experience opportunities for those with hearing disabilities. Called “Hear Me, See Me, Employ Me”, it offers internship placements for high school children with hearing issues. Two recent graduates are now employed as paid maintenance gardeners at the community garden. With the help of an interpreter, graduates Anak Wisnu and Mustafa Omar tell Costa what they enjoy about the job. The students learn about irrigation, setting up a garden plot, looking after the soil, as well as the different crops they grow and protecting them from pests. Whether graduates plan to stay in gardening or not, the program offers students a break to get their first job, learn basic employment skills – turning up on time, getting on with others – and build self confidence. The produce grown at the garden goes to food insecurity programs that is then given away or sold for a gold-coin donation. Filmed on Wurundjeri Woi Wurrung Country | Burwood, Vic and credible horticultural and gardening advice inspiring and entertaining all Australian gardeners around the nation The co-star of the upcoming Liam Neeson-led blockbuster inked the deal at auction on May 9. The Burwood East house, which he and his wife Sonya offered up, fetched $1.42 million after a campaign handled by Jellis Craig’s Stephen Le Get and Andrew Shen. Nestled in a quiet court, which backs onto green Holland Gully, the house spans four bedrooms and has the bonus of a pool. The bathrooms and kitchen have been modernised in a style that marries with the decades-old flourishes through the rest of the house, including an open fire, sliding French doors and vast banks of windows. Access to the park through the garden is a surprise extra for families. Burwood East’s median house price stands at $1.3 million, which is an bump of more than 4 per cent over 12 months and 30 per cent over five years. Play Dirty actor Mark Wahlberg is renting a $51m Sydney mansion Rose Byrne and Bobby Cannavale star in Domain's spring campaign Cate Blanchett lists Melbourne house for sale Curry is shooting the sequel to 2021 action film Ice Road, with Neeson. The actors filmed scenes earlier this year around Gippsland in country Victoria, and Melbourne’s Docklands studios, under director Jonathan Hensleigh. The movie, The Ice Road 2: Road To The Sky , is a follow-up to the indie hit, with Neeson reprising his role. Curry, 50, was raised in Melbourne and is much loved for his roles as Jake Stewart in Wentworth, Luke Handley in Neighbours and Hugo Austin in Home and Away. He has also starred in Halifax f.p, Savage River and Blue Heelers. His filmography includes Working Dogs’ nostalgia trip The Dish. The Burwood East sale contributed to a weekend clearance rate in Melbourne of 61 per cent. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. where we are privileged to live and operate The data has been crunched and the results are in - revealed are the top three property investment prospects in Melbourne the three suburbs investors should be watching that are benefiting from rail network expansion Melbourne’s property market has underperformed compared to other Australian cities Continued high levels of international immigration, however, are fuelling speculation that increased population pressures could put upward pressure on prices in the Victorian capital API Magazine columnist and property data specialist Kent Lardner said analysis of a range of factors vital to a successful real estate investment had revealed the top three suburbs for property investors to target he has also singled out the worst three investment suburb prospects And with Melbourne’s rail network expanding many investors are speculating on what that might mean for the property market along those routes The top three suburbs on the train line for investor potential are also revealed these are the top three suburbs in Melbourne for property investors These suburbs exhibit a combination of strong rental yields making them attractive options for investors Altona Meadows Altona Meadows boasts a median listing price of $719,250 with an average rental yield of 3.25 per cent The suburb’s rental market shows a relatively low vacancy rate of 0.71 per cent with rental affordability at 29.24 per cent reflecting a balanced market for potential home buyers and investors Chirnside Park Chirnside Park offers a median house price of $890,000 the suburb presents a solid investment opportunity The suburb benefits from a zero percent vacancy rate Rental affordability is favourable at 27.8 per cent while buying affordability stands at 8.35 years indicating a relatively balanced market for both renters and buyers Wandin North It offers the highest rental yield among the three suburbs at 3.66 per cent which is a decrease from 3.60 months a year ago indicating an improving market for sellers The suburb’s vacancy rate is 1.60 per cent making it an appealing choice for investors seeking a strong rental return and moderate entry costs these suburbs provide a compelling mix of investment potential positioning them as the top choices for property investors in Melbourne The advent of new rail stations in Melbourne has markedly enhanced the appeal of several suburbs with three suburbs emerging as the prime investment locations These suburbs are not only benefitting from improved connectivity but also demonstrating strong market fundamentals the development of new rail stations is positively impacting these suburbs driving demand and enhancing their attractiveness for property investors Burwood stands out with a median listing price of $1,596,000 This suburb offers a moderate rental yield of 2.25 per cent a slight increase from 2.53 months a year ago The suburb’s rental vacancy rate is 1.3 per cent making it a strategic choice for long-term investors capitalising on the suburb’s growth potential due to its proximity to the new rail station Burwood East Burwood East is another suburb experiencing significant uplift The suburb presents a rental yield of 2.40 per cent with a median lease price of $600 per week Inventory levels are currently at 1.06 months and buying affordability stands at 15.54 years positioning Burwood East as a compelling option for investors looking to leverage the benefits of new rail infrastructure Cheltenham features a median house price of $1,263,600 and offers a higher rental yield of 2.94 per cent a slight increase from 1.30 months a year ago Cheltenham demonstrates strong rental demand The suburb’s rental affordability is 36.0 per cent making it an attractive proposition for investors aiming to benefit from the suburb’s enhanced accessibility due to the new rail station The latest data highlights the three suburbs presenting the least favourable prospects for property investors in Melbourne They are driven by high inventory levels and concerning market pressures These factors contribute to lower attractiveness particularly from a rental affordability perspective Melton South Melton South presents a median listing price of $569,872 This high inventory puts downward pressure on prices and rental rates and the rental affordability is relatively high at 33.09 per cent The suburb’s vacancy rate stands at 2.81 per cent suggesting difficulties in attracting tenants which can further exacerbate rental market pressures St Albans The suburb’s inventory level is currently 5.57 months with rental affordability at 35.7 per cent making it less attractive for renters due to the higher cost burden The vacancy rate in St Albans is 1.17 per cent the increasing inventory levels signal potential challenges for property owners in maintaining occupancy and rental income Sunshine North Sunshine North features a median house price of $777,920 and a rental yield of 3.37 per cent The suburb struggles with an inventory level of 6.00 months with rental affordability at 33.6 per cent indicating a significant financial burden on renters but the high inventory levels could lead to longer vacancy periods and increased competition among landlords these suburbs face considerable market pressures due to high inventory levels and rental affordability challenges These factors contribute to a less favourable investment environment highlighting the need for careful consideration and strategic planning by potential investors When it comes to investing in houses priced under $1 million across six Australian capital cities and the data that crunched multiple variables in thousands of suburbs have unearthed the top three prospective investor hotspots in each city Chirnside Park and Wandin North exhibit a combination of strong rental yields Kent’s focus on property data and analytics started in 1999 working in lenders mortgage insurance While heading up the valuation services team he studied statistics and trained with industry experts … Get the latest property investment newsdelivered free to your inbox each week Construction of Suburban Rail Loop (SRL) East is ramping up with work now underway in the heart of Box Hill Crews are moving the 109 tram stop on Whitehorse Road 40m west to ensure services are unaffected during construction Works also start soon on a temporary bridging structure to keep Whitehorse Road open to traffic during excavation of the underground station The works are part of a construction blitz across the SRL East rail corridor with activities also underway in Burwood and Heatherton starting soon in Monash and returning to Glen Waverley and Clayton later this year workers are preparing to build a launch site for tunnel boring machines (TBMs) – the most significant work to date on the city-shaping project.TBMS will also launch from Monash and Heatherton power and gas services to make way for the 6 new SRL East underground stations and 26kms of twin tunnels Construction of SRL East from Cheltenham and Box Hill will create up to 8000 direct local jobs and a long pipeline of opportunity for the next generation of highly skilled workers – with at least 10% of all hours to be worked by apprentices SRL East will be open by 2035 and will make getting around Box Hill easier with pedestrian plazas around the new underground station traffic-free connections to public transport and shops SRL East will deliver a direct train line to Deakin University for the first time with a convenient overpass over Burwood Highway Box Hill locals can reach Monash University in 12 minutes and healthcare services in Clayton in 15 minutes while a student will be able to travel from Dandenong Railway Station to Deakin University in just 28 minutes A turn up and go service with quick and convenient interchanges with existing lines Suburban Rail Loop will improve how we move around Melbourne and help it grow in a planned and sustainable way could be imminentCharlotte Durut Burwood One shopping centre’s sale is imminent. The centre at 172-210 Burwood Highway, Burwood East BURWOOD One shopping centre’s sale is imminent with an eye-watering figure close to $200 million tipped to seal the deal Agents have been fielding offers from around the globe for the popular retail complex The Burwood East complex, on the prominent corner of Burwood Highway and Blackburn Rd has been owned by the Hansky family for 26 years with an international expressions of interest campaign closing on September 20 Burwood One shopping centre is on the corner of Burwood Highway and Blackburn Rd CBRE national investments director Mark Wizel said he had been blown away by the interest in the 58,780sq m site at 172-210 Burwood Highway interstate and overseas investors,” he said “They see the incredibly strong performance of the shopping centre coupled with the enormous future potential of the property “It has an underlying land holding of close to 6ha.” The shopping centre also includes Coles and Aldi supermarkets The centre has the strongest trading Kmart and Coles combination in Australia The shopping centre has an estimated net income of more than $9.5 million a year and a zero vacancy rate The Hansky’s bought the shopping centre in 1993 and extended it four years later It was extended again and renamed Burwood One in $50 million refurbishment in 2010 Mr Wizel earlier told Leader that he expected Burwood One to attract a very strong field of buyers this is the sort of asset which will attract a very strong field of buyers and that competition could drive a yield not seen before for an asset of its kind,” he said The sale is expected to be inked in the next few weeks could fetch $200 million in first sale in 26 yearsCharlotte Durut Burwood One Shopping Centre at 172-210 Burwood Highway BURWOOD One shopping centre could fetch up to $200 million when its family owners hand over the keys for the first time in 26 years The 58,780sq m site at 172-210 Burwood Highway Burwood East includes Australia’s strongest trading Coles and Kmart combination and the oldest Kmart store in the country The centre will be sold with an estimated net income of more than $9.5 million per year and a zero vacancy rate according to CBRE national investments director It is the first time the Burwood One shopping centre has been up for grabs in 26 years RELATED: The history behind Australia’s first-ever Kmart Woolworths snap up Mordialloc Plaza for eye-watering sum Developer splashed $61.1 million on Gisborne family farm “Burwood is experiencing a lot of population growth and is also enhanced by further development including apartments and offices,” he said Burwood One has plenty of potential for more growth as does the suburb itself and while it isn’t unusual for centres under $50 million to be owned by families Mr Wizel said it was rare for families to own shopping centres such as Burwood One A look at the Kmart when it opened on the corner of Blackburn Rd and Burwood Hwy in 1969 Check-outs at the East Burwood Kmart in 1969 “We’ve certainly had a good start with Burwood One “Burwood One has attracted shopping centre owners from Australia The Coles and Kmart are now both 24-hour stores MORE: Hi-tech TV reno pad up for grabs ‘Disintegrating’ house now a modernist classic Is this Melbourne’s funkiest one-bedder? this is the sort of asset which will attract a very strong field of buyers and that competition could drive a yield not seen before for an asset of its kind.” Mr Wizel said CBRE had sold all of the eight shopping centres it had marketed this year from Coles Clayton which sold to a private investor for $17.1 million in March to Mornington Village Shopping Centre which fetched $39.38 million in May SUBURB PROFILE: BURWOOD When Malaysian fried chicken chain Marrybrown (not to be confused with Canadian chicken chain Mary Brown’s) opened its first Australian store last year in Burwood East known for its aromatic spice blend coating The chain opened its second Aussie store in Deer Park and it's third store at Melbourne Central’s level-two food court You’ll find fast-casual Malaysian dishes including classic nasi lemak The brand’s famous cheesy wedges with mayo are also on the menu along with the Australian-exclusive chicken wrap and curry rice where pieces of fried chicken are topped with the chain’s signature Malaysian curry sauce topped with diced spring onions and served over rice does not have the soft serve cones found at the Burwood store it does have Marrybrown’s signature spice-laden Malaysian fried chicken You can enjoy ayam goreng in various forms: in a burger Both mild and spicy versions are available and are made using a top-secret spice mix The spice-mix recipe is closely guarded by CEO Joshua Liew but Broadsheet is told it includes lemongrass cumin and ginger – all imported from Malaysia Founded in 1981 by Lawrence and Nancy Liew in Malaysia Marrybrown has grown into a multinational sensation with over 500 outlets in 16 countries The team plans to open further CBD locations @marrybrownaustralia Closures: Twelve Melbourne Venues That Recently Called It Quits First Look: Vacation’s New Richmond Coffee Shop Has House-Made Pastries and Batch Brew on Tap First Look: Collingwood’s Pay-by-Weight Cheesecake Phenomenon Lulu & Me Where Chefs Eat: Mongolian Chinese Chef Charles Duan’s New Favourite Suburban Yum Cha Spot but we don't want to lose you.\"}],[\"$\",\"div\",null,{\"className\":\"notfound-page__text-block\",\"children\":\"We recently updated the way we organise our articles 'div-gpt-ad-1511396693346-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/728x90_Leaderboard_Position_1' 'div-gpt-ad-1511394032333-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/970x90_bottom_leaderboard' 'div-gpt-ad-1511396722471-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/728x90_Hompage_Leaderboard_Position_1' 'div-gpt-ad-1661741627089-0').addService(googletag.pubads());\n 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googletag.defineSlot('/34178149/300x600_2nd_homepage_skyscraper' 'div-gpt-ad-1511938125244-0').addService(googletag.pubads());\n // medium rectangle\n googletag.defineSlot('/34178149/300x250_LHS_MREC' 'div-gpt-ad-1511395165249-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x250_Middle_MREC' 'div-gpt-ad-1511395202314-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x250_RHS_MREC' 'div-gpt-ad-1511395237641-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x250_Mobile_Middle_MREC' 'div-gpt-ad-1511489982092-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x600_2nd_homepage_skyscraper' 'div-gpt-ad-1511938773649-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/728x90_leaderboard_position_2' 'div-gpt-ad-1510792120057-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x250_Article-page_Position01' \u003cbr\u003e\u003c/p\u003e\u003cp\u003eCity Park will be a major precinct including commercial technology and lifestyle uses and amenities on a 8.2ha site at 347-353 Burwood Highway 18km east of the Melbourne CBD.\u003c/p\u003e\u003cp\u003eThe masterplan includes more than 50,000sq m of retail healthcare and wellness spaces and facilities.\u003c/p\u003e\u003cp\u003eIt will include two hotels with more than 400 rooms as well as a Woolworths supermarket.\u003c/p\u003e\u003cp\u003eA convention centre green spaces and appropriate car parks are also included.\u003c/p\u003e\u003cp\u003eAPH said it would focus on experience retail in the precinct to draw peoiple to it for services which has drawn interest from major technology and corporate firms \u003cbr\u003e\u003c/p\u003e\u003cp\u003eDevelopers are now looking at opportunities within CBD fringe suburbs and those bordering them to try to increase density around housing Lendlease’s third residential building in the Collins Wharf precinct of Victoria Harbour.\u003c/p\u003e\u003cp\u003eThe 28-storey building at 971 Collins Street in Melbourne’s Docklands will deliver 312 homes in a mix of one two and three-bedroom apartments as well as townhouses and penthouses.\u003c/p\u003e\u003cp\u003eAccording to Lendlease the project has already secured more than 50 per cent in presales.\u003c/p\u003e\u003cp\u003eHickory is the construction contractor—it completed the precinct’s first development in 2019 and is also working on LendLease’s second tower Regatta.\u003c/p\u003e\u003cp\u003eFor Ancora Hickory is implementing several technical construction methods including various piling techniques and precast concrete solutions that enable a parallel-track construction program.\u003c/p\u003e\u003cp\u003eThe building’s facade designed by architect Warren and Mahoney uses a three-stage design incorporating double-glazed glass and textured precast concrete with Reckli and brick finishes.\u003c/p\u003e\u003cp\u003eThe structural design transitions from a solid podium base to lighter upper levels “reflecting a maritime theme” aligned with the Collins Wharf design objectives.\u003c/p\u003e\u003cp\u003eAncora will connect to the neighbouring Regatta development via a podium allowing resident access to shared amenities.\u003c/p\u003e\u003cp\u003eDesigned as an all-electric building that includes electric vehicle infrastructure the development is targeting a 5 Star Green Star certification Completion is expected in 2027.\u003c/p\u003e\u003cp\u003eRegatta including build-to-rent and build-to-sell units.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eExtensive wharf works including remediation of pre-existing wharf piles installation of raker piles and construction of the extension to Australia Walk are also part of the project.\u003c/p\u003e\u003cp\u003eTechnical challenges include constructing on the finger wharf and co-ordinating extensive above-wharf road reserve and public parkland works.\u003c/p\u003e\u003cp\u003eThe Collins Wharf precinct will ultimately comprise six residential buildings of more than 1800 homes surrounded by over 5000sq m of parks and community space.\u003c/p\u003e\u003cp\u003eLendlease is developing the parkland concurrently with the residential components including the extension of Australian Walk that forms part of the City of Melbourne’s Greenline project.\u003c/p\u003e\u003cp\u003eLendlease executive director of development Adam Williams said Collins Wharf “is fast becoming a sought-after address .. which took just a handful of hours to emerge on Saturday night the Coalition’s failure to sway voters has come under intense scrutiny.\u003c/p\u003e\u003cp\u003eIts lack of policies around property that resonated with voters has been a large part of that criticism.\u003c/p\u003e\u003cp\u003eAmong those policies was a $5-billion infrastructure program to unlock up to 500,000 new homes was greeted with no small amount of scepticism.\u003c/p\u003e\u003cp\u003eThe Coalition also campaigned on its previously revealed plan to allow first home buyers to draw down on their superannuation giving access to up to $50,000 to help fund mortgage deposits.\u003c/p\u003e\u003cp\u003eWhile that proposal had won some support it got the thumbs down from many of Australia’s top economists who said the measure could prove highly inflationary among other issues.\u003c/p\u003e\u003cp\u003eSimilarly its plan to allow mortgage interest for first home buyers to be tax-deductible was roundly criticised for its likely inflationary and regressive effects.\u003c/p\u003e\u003cp\u003eIt has also been pointed out that the Coalition’s rejection of the Green’s policies around housing supply affordable housing and help for renters did it no favours.\u003c/p\u003e\u003cp\u003eThe ALP went to the polls spruiking an extension of schemes introduced during its previous term including a $10-billion promise for its first-home buyers’ scheme to encourage 100,000 more homes.\u0026nbsp;\u003c/p\u003e\u003cp\u003eIt also had its Help to Buy shared equity scheme under which the Government pays up to 40 per cent of the house price to point to.\u003c/p\u003e\u003cp\u003eIf it was these policies per se or the lack of detail and depth to the Coalition’s the nation's ready for the Albanese government to act.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eWhat is clear been endorsed to follow through on its policies and fix the crisis that is crippling the Australian property sector.\u003c/p\u003e\u003cp\u003eAs Urban Taskforce Australia chief executive\u0026nbsp;Tom\u0026nbsp;Forrest has pointed out it is time for the Federal Government to get back to work.\u003c/p\u003e\u003cp\u003e“Housing affordability and housing supply featured large during the campaign,” Forrest said.\u003c/p\u003e\u003cp\u003e“The key now is for the Government to strike while the iron’s hot.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“If legislation is needed to support the delivery of Labor’s $10-billion 100,000 new homes commitment—then pass it through the parliament now and get on with it.”\u003c/p\u003e\u003cp\u003eThe states have made many changes to how they enable home development The Federal Government’s support of that is crucial to its success material supply assistance or any other factor that affects getting homes out of the ground.\u003c/p\u003e\u003cp\u003eThis has been a pivotal election Then Cities for Total Fan Immersion\",\"slug\":\"billionaire-arsenal-rams-denver-nuggets-sports-anchored-precincts\",\"datePublished\":\"2025-04-30T00:00+10:00\",\"tags\":[],\"summary\":\"Why your next home might be stadium-adjacent; sports are the hook The Victorian Civil and Administrative Tribunal granted James Zhang’s  APH Holding planning permission for its City Park project at the corner of Burwood Highway and Springvale Road City Park will be a major precinct including commercial The masterplan includes more than 50,000sq m of retail healthcare and wellness spaces and facilities It will include two hotels with more than 400 rooms as well as a Woolworths supermarket green spaces and appropriate car parks are also included APH said it would focus on experience retail in the precinct to draw peoiple to it for services More than 10,000 jobs are expected to be generated by the precinct The precinct will comprise commercial space of 35,000sq m The site is close to major tram and bus routes as well as the Glen Waverley Railway Station “This development shows a vision for the future and will become an important business hub for the fast-growing eastern corridor of Melbourne city,” APH Holding chief executive Johnson Zhang said The City of Whitehorse has been the focus of significant development interest as development activity in Box Hill and other suburbs increases Developers are now looking at opportunities within CBD fringe suburbs and those bordering them to try to increase density around housing work and services close to existing hubs and transport networks Suburban Rail Loop (SRL) is a city and State-shaping project that will transform Victoria’s public transport system connecting our suburbs and making travel easier and more convenient retail and employment precincts in Melbourne's east and south east between Cheltenham and Box Hill The new underground station at Burwood will deliver better access to one of Australia’s biggest universities for thousands of staff and students and connect locals to Melbourne’s train network – providing faster and more convenient access to key destinations across Melbourne A new tram stop right outside the station on Burwood Highway providing a new rail connection for local workers Before we start major construction on the tunnels and stations for SRL East we are undertaking Initial and Early Works at each of the sites from Cheltenham to Box Hill Initial and Early Works involve activities such as utility relocations These works help prepare areas for major works while minimising the impact on the local community businesses and road users during the Main Works These facilities are an alternative to Sinnott Street Reserve which will be impacted during construction of SRL Burwood Station Initial and Early Works began in 2022 and are being delivered by Managing Contractor Laing O’Rourke Initial and Early Works have been assessed and approved via 2 separate planning pathways Initial Works were assessed and approved by the Minister for Planning as part of the Clause 52.30 - State Projects planning provision Early Works were approved following the Minister’s assessment of the EES These approvals include a planning scheme amendment project area designation and cultural heritage management plans surrounding residents and businesses may experience some disruption during project works The project is committed to minimising and managing disruption for local residents businesses and communities as much as possible we do anticipate some potential impacts including: we will notify and engage with residents and businesses about activities planned in their area what to expect and how any disruptions will be managed We will notify local residents and business about what to expect and how disruptions will be managed using works notifications social media channels and email newsletters some works will require changes to traffic conditions We will notify the local community ahead of these changes Traffic management and speed reductions will be in place where required Access to all residential properties and businesses will be maintained wherever possible throughout works We will work closely with affected residents and businesses ahead of works commencing to mitigate any impacts The Myer family is set to offload another Melbourne office block taking advantage of soaring prices in the city and demand from local and offshore buyers the Myer Family Investments office on St Kilda Rd was snapped up by the private family office of Singaporean Tong Eng Group’s managing director Teo Tong Lim on a yield of less than 5% a suburban office building fully leased to VicRoads has hit the market with price expectations of more than $22 million Commercial Insights: Subscribe to receive the latest news and updates Title records show the Myer Family Company Holdings is a co-owner of the asset with Yulgilbar Custodians a private vehicle directed by members of the Myer and Baillieu families Other generational asset owners have also taken the opportunity to sell property in the Victorian capital recently The Schwartz family offloaded a hotel and historic pub for close to $100 million combined last year while the Besens sold their stake in Melbourne’s Highpoint Shopping Centre to the listed GPT Group in a $680 million deal The VicRoads building in the Tally Ho Corporate Business Precinct in Burwood East features 4509sqm of space across three levels and about 350 car spaces Agents on the deal are CBRE’s Melbourne Middle Markets team Kiran Pillai “With new commercial development and major infrastructure projects bolstering overall appeal the Tally Ho office precinct is quickly becoming the preferred and most centralised location in Melbourne’s east,” Mr Pillai says In December the Hewlett Packard Melbourne headquarters in the same precinct changed hands for $88 million Vicinity Centres is upgrading The Glen shopping centre where Jeff Xu’s Golden Age has bought the air rights to add 500 apartments on top of the retail space This article originally appeared on www.theaustralian.com.au/property. Commercial Insights: Subscribe to receive the latest news and updates This article originally appeared on www.theaustralian.com.au/property The Burwood East complex on the prominent corner of Burwood Hwy and Blackburn Rd was snapped up by a Melbourne-based buyer from Hong Kong The 58,780sqm site had been expected to fetch up to $200 million CBRE national director Mark Wizel says the mega deal was a record for a suburban shopping centre The Burwood One shopping centre in Melbourne sold for $180 million “The buyer that has acquired Burwood One did so accepting a return of about 5% annually,” he said “The return is the lowest ever recorded for a shopping centre of a subregional nature.” Wizel says this meant the buyer has paid top dollar for the shopping centre which they see as a “generational investment” CBRE state director for Victorian retail investments Justin Dowers says it is also a record sale for a shopping centre in Australia owned by just one family CBRE says the centre has the strongest trading Kmart and Coles combination in Australia Wizel says he was blown away by the interest the shopping centre attracted during the sales campaign “Those at the pointy end of the process included Australian-based institutions as well as several private buyers who sourced their capital out of Asia,” he says This article from the Herald Sun originally appeared as “Burwood One changes hands for more than $180m”. The Burwood East complex on the prominent corner of Burwood Hwy and Blackburn Rd was snapped up by a Melbourne-based buyer from Hong Kong This article from the Herald Sun originally appeared as “Burwood One changes hands for more than $180m” TE Capital Partners has nearly doubled its money selling an East Burwood office after four years The Country Fire Authority headquarters at 8 Lakeside Drive is trading for $35.8 million – a sub 4.5 per cent yield the three level building with 121 car parks was developed in 1988 and refurbished this year Telstra also occupies part of the 4552 sqm of space Singapore based TE is the private investment arm of Tong Eng Group managing director Teo Tong Lim Last year we reported the company paid 3L Alliance $145m for the 21-storey KTS House at 350 Queen Street in the CBD (story continues below) TE paid Kador $18.1m for the Burwood East asset – a deal which reflected a high 9.38pc yield indicative of the short Weighted Average Lease Expiry at the time (just over two years) It was offered this time around following a 10 year commitment to the anchor tenant; the WALE was 9.25 years “This transaction reinforces market demand for quality office assets in up-and-coming regional office hubs and is consistent with our strategy of divesting non-core assets” TE managing director Emilia Teo said “The firm remains committed to key real estate markets and will continue to acquire quality assets to grow its portfolio in Australia” ABC News News HomeMan found guilty of 2008 murder of James RussouwShare Man found guilty of 2008 murder of James RussouwTopic:Homicide James Russouw was stabbed and his car set on fire in 2008 Link copiedShareShare articleA Melbourne man who stabbed his mate in the neck and set his body on fire has been found guilty of murder nine years after the crime The jury also returned a not guilty verdict on a charge of incitement to murder after it was alleged Lavery asked a fellow prisoner about getting a key witness in the case "knocked" an audio engineering student and former high school captain was found inside his torched Jeep beside a suburban sports oval at Burwood East Lavery denied any connection with the crime claiming that on the night Russouw was murdered he was at Forest Hill Chase cinema watching a movie with a friend who initially substantiated Lavery's alibi has since told police that the accused killer left the movie partway through after asking to swap clothes and did not return Defence counsel Scott Johns argued the witness's revised account was untrue and was motivated by a $1 million reward advertised by Victoria Police. Lavery told the jury he did "absolutely not" kill Russouw and had never confessed to the murder, as claimed by two witnesses. Why Trump wants to reopen an infamous US prison — and whether it's possibleTopic:Explainer CNN and the BBC World Service which is copyright and cannot be reproduced AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time) Ryman Healthcare has opened its eighth Australian facility – also its fastest selling – on part of a former Melbourne brickworks The John Flynn Retirement Village, in Burwood East Adopting the group’s continuum of care model which can follow a resident from independent to supported care in the one community 89 serviced apartments offering semi-support The New Zealand listed Christchurch based group acquired the 2.5 hectare block which made way for the complex in 2016 paid Readings Cinemas $65m for the 20.5ha ex-brickworks two years earlier The balance of the land has in recent years made way for hundreds of dwellings and an uber-green Woolworths anchored shopping centre More than 200 guests including Ryman Group chief executive officer attended a launch for the Burwood East village last week At 6 Foundation Boulevard and 45 Burwood Highway the John Flynn Retirement Village also includes a billiards room Displayed memorabilia includes a wooden desk from which Mr Flynn drafted plans for the RFDS promotional posters and a specifically commissioned rug featuring a De Havilland Dragon aircraft motif Ryman Australia CEO Cameron Holland said though the permit was issued in 2019 construction “faced huge challenges outside of our control” during COVID “It’s Ryman Australia’s fastest selling village,” according to the executive (story continues below) It is also in the running for the ‘Best Retirement Living Development’ award at a Retirement Living Council annual event was named a finalist in the ‘Facility of the Year (Ageing in Place)’ category of the Asia-Pacific Eldercare Innovation Awards said his organisation and Ryman share the same mission and like Ryman we are about strong community and social health and that can only be achieved by building communities that bring people together,” he added entered the Australian market a decade ago; it has so far only invested in Victoria Its local development pipeline includes six more sites including Mt Eliza’s waterfront Moonah estate, the ex-St Mary’s Seminary in Mulgrave “Ryman is no longer a New Zealand business operating in Australia but a truly TransTasman organisation that embodies the very best of the Anzac spirit,” Mr Umbers said “We have transitioned form being a new entrant and a disrupter to an established with eight operational villages and six more in the development pipeline,” he added The John Flynn Retirement Village opening comes nearly two years since Patti Newton opened the Bert Newton Retirement Village in Highett The group also recently opened a facility in north west Aberfeldie In early March, she returned and is now living in a new apartment at Burwood Brickworks. “I wasn’t really planning on buying at the time, but it was too good to pass up,” she says. “My daughters went to primary school in this area, so my core group of friends is here, and I thought: ‘This is where I’m growing old, so I want to grow old with my friends’.” The 18-hectare master-planned development – on the site of a former brickworks dating back to the 1930s – is 19 kilometres from Melbourne’s city centre. It has 2.5 hectares of open space, a shopping centre with a cinema, a childcare centre and medical centre, plus a rooftop farm. Welsh, whose apartment is just 50 metres from the shopping centre, said the conveniences are hard to beat. “There are heaps of good restaurants at the Brickworks,” she says. “It’s a good area with a good community; everyone’s really friendly. I can’t go to the shops without running into someone I know.” The Terrace Collection is the final apartment release at Burwood Brickworks. The six-level development comprises 135 one and two-bedroom apartments. Positioned next to the Village Green, which makes up one hectare of the 2.5 hectares of open space throughout the development, it takes in views to the Dandenongs and the city. The architecture is dominated by the use of fluted concrete and brickwork, most notably around the fireplaces. The site’s history and the style of housing nearby played an influential role in the design, said Rothelowman architect Chris Hayton. “In our research, we were quite inspired by some houses that have belonged in that part of Melbourne; their mid-century sensibilities,” he says. “There was a humility and strong sense of a humane approach to the architecture, and that honesty [is expressed simply] through the scale and through the building materials. They were a cue for us. “Obviously, this is a building of a different time, but it just comes down to honesty and material expression.” The apartment kitchens feature stone benchtops, full-height joinery and open shelving. Buyers can choose between soft-grey or mid-grey colour schemes for a lighter or darker palette. Burwood Brickworks, The Terrace Collection Number of residences: 135: 41 one-bed, one bath; 14 two-bed, one-bath; 80 two-bed, two-bath Internal sizes (sqm): One-bed 50 – 54; two-bed 64 – 88 External areas (sqm): Balconies and courtyards 10-75 Prices: One-bed $432,000-$475,000; two-bed $555,000-$832,000 Agent: Frasers Property Australia, 13 38 38 Open for inspection: Display suite at 78 Middleborough Road, Burwood East, open 12pm-5pm every day