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The earthquake is the country's biggest in five years, Geoscience Australia data show. Video footage emerged on Twitter showing building rubble on Melbourne's Chapel St, a popular restaurant and nightclub area about 5 kilometers southeast of the central business district. (Bloomberg) -- An earthquake has caused damaged to buildings in Australia's second most-populous city, Melbourne. [Extracted from the article]

The article focuses on the situation of Docklands in Melbourne, Victoria since its redevelopment. It notes that the area has attracted billions of dollars in investment and contained a mix of big-name commercial tenants. It also mentions that several leading projects in the area have been delayed due to economic downturn, but several big companies are still interested to invest.

The article discusses the report of Australian Property Monitor (APM) on the expected growth of house and unit prices in Victoria in 2010. It states that prices of Victorian houses across the country, including East Geelong, Carlton North, and Port Lonsdale, are expected to increase by 10%. However, it says that the increase of Melbourne's prices in 2009 is expected to slowdown in the first quarter of 2010 due to the effect of declining first-home buyer interest and increasing interest rates.

The article profiles James Tutton, co-founder of Melbourne, Victoria-based Moonlight Cinemas. According to the author, Tutton started his first business selling T-shirts at markets while studying. He established Moonlight in 1996 and it went on to become a popular summer outing. It employs 150 full-time and part-time staff and turned over annual revenue of $15 million.

The article features construction-and-development company, Piccolo Developments Pty. Ltd. in Melbourne, Victoria. Michael Piccolo stepped into the breach when his father passed away to help his mother Mima Piccolo run the business. It cites that Piccolo is focusing on high-quality, medium-density apartment and townhouse complexes in inner-city Melbourne. It also notes the current 50 million dollar-project of the company, The Garden House, located opposite inner-city park Carlton Gardens.

The article reports on the economic crisis recovery of the residential property market in Melbourne, Victoria in 2008. It notes that RP Data figures show an additional 6.5 percent to its 446,344 record within the first six months of 2009. It states that the median dwelling value has increased by 23.8%. It adds that houses in Melbourne were selling at 6% below their listing price. Yvonne Chan of APM said that the trend is due to strong demand, low interest rate, and government stimulus.

The article profiles Salvatore Malatesta, a lawyer and a coffee entrepreneur in Melbourne, Victoria. It notes that Malatesta has founded his cafe at the University of Melbourne in 1996 when he was a law student, and established 11 cafes with the help of his Malatesta Corp. It also mentions that Malatesta has acquired the favourite of coffee lovers, the cafe St. Ali, wherein he aims for the $15 million revenue within year 2012 and plans to offer coffee education to customers.

The article reports on the sales performance of the housing market in Melbourne,Victoria. Based on the RP Data figures, the median price of houses for 2009 is $418,162 which is 4.15% below the February 2008 peak. It explains that the median dwelling price has put Melbourne in second position in terms of affordability for mainland capital cities. It mentions about the undersupply of housing which David Grima from Colliers International expects to support dwelling prices in the short term.

The article focuses on the current Prime International Residential Index of Knight Frank which monitors 55 prestige real estate markets in the world. The index has revealed that the real estate market of Sydney, New South Wales was ranked 49th and one of the worst performer in the last quarter of 2008. It imparts that Melbourne, Victoria is far better in the 29th place for the quarter and ranked 44th in 2008. It notes several contributory factors to the global decline of the real estate markets.

The article reports that a team of architects, engineers and designers from professional services firm GHD Inc. has designed the Zero building concept, a 19-storey office tower that would have zero net annual external power consumption and carbon emissions. The hypothetical building was designed for the site above the Richmond Station in Melbourne, Victoria.

The article reports on an interview with Koos de Keijzer, design director of dKO Architecture. De Keijzer and business partner Zvonko Orsanic launched the firm in 2000 as a boutique firm that would operate around their lives. The firm however expanded to about 70 offices in Melbourne and Sydney. In 2007, he sold some of his shareholdings to some of the firm's long-time employees.

The article discusses Fridcorp founder and director Paul Fridman's strategies for the Melbourne, Victoria-based real estate company. Fridcorp is working on a $160 million joint venture project with Trafalgar Corporate Group which will convert the site of Channel Seven's studios in Melbourne into a 22-floor building. The company plans to expand in New South Wales and Queensland.