Investor confidence has been shaken in recent months, with the pandemic, global political unrest, supply chain issues, interest rate increases and inflation all amalgamating into particularly poor market sentiment. In this environment, investors are turning to safer investment options to protect themselves.
There is no denying the pandemic has changed the way we work and live. Countless lockdowns and months of uncertainty forced businesses to find ways to keep things moving, and with that came the widespread uptake of remote working.
There is no denying the pandemic has changed the way we work and live. Countless lockdowns and months of uncertainty forced businesses to find ways to keep things moving, and with that came the widespread uptake of remote working.
As Australia’s commercial and residential property sectors cautiously emerge from almost two years of lockdowns and disruptions, 2022 is shaping up to be a big year for real estate, as investors unleash pent-up demand and back the reopening of economies and international borders.
Catholic Church buys Bionic Ear Institute headquarters
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The Catholic Archdiocese is expanding its property holdings in East Melbourne just as the church faces a wave of compensation claims from victims of sexual abuse.
The Archdiocese of Melbourne has swooped on an office at 384-388 Albert Street owned by the Bionic Ear Institute, paying more than $12 million for the double-storey heritage-listed building.
The Bionics Institute has owned the building since 1990.
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The corner property is opposite the Archdiocese’s office on Albert Street behind St Patrick’s Cathedral and close to the Australian Catholic University on Victoria Parade.