Business News

Commercial property business news and insights.

Warning given to Melbourne CBD office space owners to consider selling up
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Warning given to Melbourne CBD office space owners to consider selling up
Owners of many of Melbourne’s office spaces have been told to start selling them now amid the city’s lagging revitalisation post-Covid.
Vinyl revival: What went wrong for music megastores like Sanity and Brashs
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Vinyl revival: What went wrong for music megastores like Sanity and Brashs
Major music chains like Brashs, HMV and Sanity have largely disappeared from the retail landscape, yet small independent record stores are still going strong. How did we get here? During the 1990s – the last …
Investment opportunities emerging but buyers biding their time
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Investment opportunities emerging but buyers biding their time
The number of commercial properties hitting the market has picked up this year, though this is yet to translate to an increase in deals. There were 10% more commercial properties listed for sale over the …
An accidental success: How Jim Penman built a multimillion dollar franchise empire, Jim’s Group
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An accidental success: How Jim Penman built a multimillion dollar franchise empire, Jim’s Group
With just $24 and a single lawnmower, Jim Penman grew his small side hustle into a multimillion dollar franchising behemoth, yet he insists he’s “not a natural business owner”. Here are the secrets to his success. If …
Population growth sustaining retailers as per capita spending plummets
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Population growth sustaining retailers as per capita spending plummets
Households have considerably tightened their belts over the past two years, as cost of living pressures bite. While the pandemic enabled many households to dramatically increase their savings, high inflation and subsequently interest rates are …
Taiwanese-backed developer Shayher makes Quay play for major site
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Taiwanese-backed developer Shayher makes Quay play for major site
Developer Shayher has swooped on yet another project in the Queensland capital as it builds up its pipeline ahead of the 2032 Olympics.
Top malls back with Chadstone on top as city shops jump
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Top malls back with Chadstone on top as city shops jump
Major shopping centres are performing strongly as Aussies defy the cost-of-living crunch and pour into big centres for entertainment and new services.
Gurner, backed by billionaire Liberman family, plans space age wellness hub in Docklands
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Gurner, backed by billionaire Liberman family, plans space age wellness hub in Docklands
The architecturally striking plans will shake up Melbourne’s struggling harbour district if it gets off the ground.
2024 an opportune time to buy commercial property, new report predicts
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2024 an opportune time to buy commercial property, new report predicts
A significant reset of commercial property values could see 2024 as an opportune time to secure new assets, a new report as found, setting up investors for ‘above average returns’ over the following five years. …
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