When Essendon director Andrew Muir sold his Toorak house for $28m+ he bought a Flinders spread and a Carlton terrace. Now he’s offloaded the pied-à-terre.
The Melbourne deal comes in a market which has been starved of major trades for the past year as office values fall, under pressure from higher rates and softening demand.
Offerings in Sydney and Melbourne landmark towers come amid evidence institutional investors are becoming more comfortable taking large positions in CBD workplaces.
Some home buyers wait for years to snap up a waterfront residence in their desired suburb, refuse to compromise on anything else, and pay millions of dollars more.