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Not sure of the historical details, but at sale, the yield was 7.5%. I would imagine that many of the leases might have been negotiated with inducements during the 2007-2009 "crisis".

356 Collins St recently sold for $28.4 million and makes for an interesting case study in the context of the Melbourne CBD property cycle. Bought in 1986 by Westpac Property Trust for $17.7 million. Valued in their books in 1989 at $31 million Sold in 1994 for just $9.75 million Purchased...

I find the topic of risk an interesting and subjective one. What's the real issue? Is it the perception of the "risk" itself or the lack of tools and resources to mitigate the risk? As toddlers we learn to walk. We risk falling so we mitigate by walking close to something we can grab. As we...

I think you've pretty much captured what Dazz has been saying for a while now. With respect to the resi investors, their scruity often isn't worth anything to the banks when it comes to borrowing for CIP's at the higher levels you're talking about. Totally different game. Different rules...