Monday, 15 August 2016

New South Wales

Dee Why Residential Development Site Sold (AFR Pg.31)

• A private developer has acquired a 10,000m² residential development site at 15 Fisher Road, Dee Why for $25 million ($2,500/m² of land area).

• The site has Development Approval for stage 1 demolition works and construction of residential flat buildings.

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

• Sydney recorded an auction clearance rate of 83% over the weekend with 464 properties listed.

Victoria

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

• Melbourne recorded an auction clearance rate of 80% over the weekend with 522 properties listed.

Queensland

Brisbane Office Complex Sold (AFR Pg.31)

• Quintessential Equity has acquired the 12,623m² Garden Square office complex at 643 Kessels Road, Brisbane for $45.25 million ($3,585/m² of lettable area).

• The complex comprises two linked seven level office buildings occupying a 16,650m² site area ($2,718/m² of land area).