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  • Patrick Ewing

Monday, 8 August 2016


New South Wales

Sydney Auction Clearance Rates (www.apm.com.au)

  • Sydney recorded an auction clearance rate of 79% over the weekend with 393 properties listed.

Victoria

Melbourne Auction Clearance Rates (www.apm.com.au)

  • Melbourne recorded an auction clearance rate of 78% over the weekend with 612 properties listed.

Southbank Office Commercial Complex Sold (AFR Pg.32)

  • ARA Asset Management has acquired the Southgate Complex at 3 Southgate Avenue, Southbank for $578 million ($7,546/m² lettable area), reflecting a yield of 6.5%.

  • The complex comprises 76,600m² of lettable area across two A-grade office buildings (66,642m²) and a three level retail plaza (9,958m²).

  • Occupancy is at 88% with a WALE of 4.6 years.

#SydneyAuctionClearanceRates #MelbourneAuctionClearanceRates #SouthbankOfficeCommercialComplexSold

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