Episode Details

Melbourne’s commercial real estate market is in freefall, as a prime CBD office tower sold for a shocking 36 million — a 57% plunge from its 83 million purchase just two years prior. The Lendlease fund took a massive hit, selling to a local private investor who outbid five others, revealing just how brutal the sector has become. Meanwhile, another high-profile property — bought for 154 million in 2020 and renovated for 20 million — is now on the market, signaling that even major investments aren’t immune to market collapse. Across the city, other assets are hitting the market: a historic Brunswick youth center (owned by the Salesian Society for 87 years) and a Hawthorn office building (once home to an edtech firm) are both expected to fetch over 10 and 15 million respectively. With more properties flooding the market — from vacant offices to mixed-use sites — investors are tightening their belts, forced to reassess every deal in a landscape where value evaporates faster than ever.

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