Melbourne and possibly Australia’s house price record has been smashed with Toorak’s rumour mill running wild amid claims of a deal for as much as $150m.
Tiny Melbourne blocks of land are being sold for the same price as a house in the same area as the city grapples with a bizarre affordability issue threatening home building goals.
In the week's top commercial real estate news, developers buys Wimauma land to build 196 townhouses, a Sarasota theater is being upgrading, and a day care chain is expanding in Southwest Florida.