Story one of ten today, about five minutes for the lot
The syndicate that sold Merewether Surfhouse for $27 million is selling the King Street building that houses Ginger Megs restaurant. It is listed for $3.8 million with a seven-year leaseback.
Why it mattersCommercial property sales show where hospitality investors move their money after recent tax changes. Ginger Megs' strong income makes it attractive to new buyers.
Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.
Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.
Coastal Queenslanders are selling high and moving to the Darling Downs, where property prices still rise.
A sitting is ten stories, about five minutes, and then you are done for the day.
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