Monday, 29 September 2016
New South Wales
Sydney Auction Clearance Rates (www.apm.com.au)
Sydney recorded an auction clearance rate of 81% over the weekend with 574 properties listed.
Melbourne Auction Clearance Rates (www.apm.com.au)
Melbourne recorded an auction clearance rate of 78% over the weekend with 877 properties listed.
Southbank Office Tower Sold (www.afr.com.au)
JP Morgan Asset Management has acquired an office building at 28 Freshwater Place, Southbank for $286 million ($8,436/m² of NLA), reflecting a yield of 6.6%.
The building comprises 33,900m² of NLA and has 100% occupancy with a WALE by income of 3.3 years.