Toorak Road Apartment Site Sells For $6.55 Million


Source: The Urban Developer

Melbourne-based property investment specialist OpenCorp has paid $6.55 million for a residential site with plans for a new apartment development at Hawthorn East in Melbourne’s inner-eastern suburbs.

According to selling agents, Savills’ Julian Heatherich, James Lockwood and Jesse Radisich, the 757-763 Toorak Road property attracted very strong interest from developers looking to take advantage of Melbourne’s burgeoning apartment market.

“This was an exceptional site offering developers great flexibility and site access as well as main street exposure in one of Melbourne’s most sought after inner suburbs and within easy reach of all essential amenities,” Mr Heatherich said.

Read the rest of the article HERE.


Learn More.

Is now a good time to invest in property?

With booming property prices mixed with concerns about interest rates, many people may be asking themselves “is now a good time to…

CoreLogic’s national home value index for October

Australian home values continue to rise, with Brisbane leading the charge in October CoreLogic’s national home value index, released on Monday morning…

APRA announces changes to lending laws

Today APRA announced changes to loan serviceability expectations which raise the interest rate buffer from 2.5% to 3.0%. OpenCorp CEO, Matthew Lewison…