Identifying, avoiding or mitigating legal risk can be complicated, though, because of the many different shapes a development scheme can take. The renovation and re-lease of existing commercial buildings presents different challenges than a project that begins with the purchase of raw land or one that involves off-the-plan sales.

Melbourne’s prestige property market is set for a flurry of activity over summer and into next year as buyers see value in a market that has begun recovering from its post-GFC lethargy. But experts warn further volatility in the equities markets could put a damper on buyer hunger for homes worth $5 million and above, while reducing corporate profits will also have an impact.

Rupert Murdoch's News Corp is depending on its digital property listings business for future earnings growth, as revenues from its news business continue to slide.