Blog

  1. St Kilda’s Prince of Wales Hotel Goes To Overseas Investors For $45m

    The Prince of Wales Hotel in St Kilda has officially been sold to Chinese buyers for a believed price of $45 million. The buyers, Pub Li City Pty Ltd, have bought the well-known live-music venue in the heart of St Kilda, which was marketed by CBRE as having a planning permit for 66 luxury apartments. Despite the planning permit,…
  2. Potential 15% Property Price Spike

    Pictured: 4004/100 Harbour Esplanade, Docklands (click for more information) Residential property prices could spike by 15% if the Reserve Bank of Australia is forced to cut rates to below 1.25 per cent in response to falling oil prices impacting the US economy, a prominent economist has warned. Matthew Peter, Queensland Investment Corporation’s chief economist says…
  3. Announcing Scott Banks Melbourne Office!

    We are very excited to announce the opening of our CBD office at Level 3/145 Flinders Lane Melbourne. If you have any real estate you’d like some help with in the city and surrounds we’d be delighted to help out! Athol Hodgetts - 0412 342 965 Tom Ward - 0414 518 788
  4. Victoria’s top 10 prestigious homes in 2014

        1. 18-20 Shakespeare Grove, Hawthorn   2. 3 Towers Road, Toorak 3. 12 Lansell Road, Toorak 4. 5 Illawarra Crescent, Toorak   5. 69 St Vincent Place, Albert Park   6. 51-55 New Street, Brighton 7. 19 Monomeath Avenue, Canterbury 8. 23 Montalto Avenue, Toorak 9. 38 Dawson Avenue, Brighton 10. 17 Chastleton Avenue, Toorak   Source: First Valuation Group
  5. $100m record set for New York’s most expensive penthouse sale!

    An undisclosed buyer has paid $100.5 million ($A122.15 million) for a New York duplex penthouse, shattering the $88 million ($A107.36 million) record set in 2012. The buyer bought unit 90 in the One57 building, a 306-metre tall tower, overlooking Central Park. The luxury apartment, purchase two days before Christmas, spans over the top two levels. Developers Extell…
  6. Iconic Mentone Hotel has sold for a whopping $9 Million

    Momentum Melbourne Developments has acquired the iconic Mentone Hotel in south-east Melbourne for circa $9 million after a strongly contested sales campaign. Leawarra Falls operated the business up until six years ago, before reacquiring the business to be in a position to offer the freehold with vacant possession. Mr Callow said the 5,103 square metre site and…
  7. Interest rate cuts confirmed

    Pictured: 26 Cecil Street, Kew   ANZ has become the latest bank to predict that interest rate cuts are just around the corner. The Reserve Bank has left the official cash rate at a record-low 2.5 per cent since August 2013. However, ANZ chief economist Warren Hogan said that the bank now expected the next…
  8. Melbourne’s second giant slide

    In a strange turn of events, Melbourne is getting a second giant street slide. Well, that was unexpected. As the hype surrounding the news that Slide Melbourne plans to bring us the world’s biggest street slide continues to build, it has emerged that a second slide team, Slidestreet, is taking over Lansdowne Street on Saturday January 24…
  9. Australia’s most-viewed properties in 2014

        1. 'Kaylana', NSW 2. Norwood, SA   3. Hunters Hill, NSW 4. North Adelaide, SA 5. Richmond, VIC 6. Templestowe, VIC 7. The Orb House, Kew 8. Wheelers Hill, VIC 9. Cromer, NSW 10. Toorak, VIC 11. Unley Park, SA 12. Hawthorn, VIC 13. Toorak, VIC 14. Canterbury, VIC   Source: REA
  10. Happy New Year from the team at Scott Banks!

    Just a quick little note to say a huge thank you to all those we worked with in 2014, and send our best wishes out to everyone that 2015 is a prosperous year for all. At Scott Banks we really relish the relationships that we develop with everyone we come to work with, and look…