The discount tells two stories: many offshore buyers paid bumper prices at the peak of the last property cycle, and there has been a significant post-pandemic slump in office values.
The discount tells two stories: many offshore buyers paid bumper prices at the peak of the last property cycle, and there has been a significant post-pandemic slump in office values.
The discount tells two stories: many offshore buyers paid bumper prices at the peak of the last property cycle, and there has been a significant post-pandemic slump in office values.
The trading of the CBD’s hotels goes on amid the boom in high-rise hotel developments, and the 96-room Hotel Sophia on the corner of King and Little Lonsdale streets is next.
Investor attitude to Melbourne’s office market is set for a big test with the listing of Garda Property Group’s two buildings at Botanicca Corporate Park on Swan Street.