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Melbourne Property Sales Surge
Description
Melbourne’s property scene is heating up with major sales across the city — from the Archdiocese offloading Albert Street terraces for nearly $35 million to a Balwyn Peugeot yard smashing its reserve at $7 million. Chinatown sees a rare family-held property hit auction, while Ringwood’s former Savers site and a neighboring development site both fetch over $10 million. On the fringe, an Italian furniture firm cashes in on a West Melbourne office after a $1M purchase in 2004, and Hawthorn East’s Gorman Commercial building is poised to sell for over $13 million.
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