Melbourne's Religious Properties Transform

0:00And Sydney, it's March 5th. Here's what is happening. Melbourne's historic Unitarian Peace Memorial Church and East Melbourne is on the market, expected to fetch between 18 million and 20 million dollars. This 1960s pyramid roofed building sits on a large site next to major hospitals and lacks heritage protection. The sale marks a big moment for one of the city's oldest religious groups founded back in 1852. Meanwhile, other faith-based properties are changing hands too. The presentation sisters sold their long-held Windsor College site to developer pace for less than their 50 million dollar hopes, fueling new housing plans. Last year, the Catholic Archdiocese offloaded land nearby for over $10 million to the Gralo group. These moves reflect broader shifts in the area, with high interest from developers and investors. Sites like the former apostolic church, near the cricket ground, and shops and trendy Prahran are also listed, drawing eyes due

1:00to prime locations, and traffic flow. Families and financiers who bought in years ago now eye profits. In Preston, charity Barry Streets' new headquarters is up for grabs and more than 24 million dollars complete with solar power and electric, vehicle chargers. It's leased out partly and sits in a booming residential zone. Down in St. Kilda, cleared land from a pricey 2018 purchase heads to auction amid hot development demand. Overall, these sales signal adapting times for Melbourne's religious organizations, turning sacred spaces into modern assets amid rising property, values in urban growth. This episode is proudly sponsored by our partner, a pillow that sounds as good as it feels. Built for listening in bed, S-O-L-I-Soli-Pillo.com. A pillow that sounds as good as it feels. Built for listening in bed, S-O-L-I-Soli-Pillo.com. A pillow that sounds as good as it feels. Built for listening in bed, S-O-L-I-Soli-Pillo.com. For listening in bed, S-O-L-I-Soli-Pillo.com.