Monday, 29 September 2016

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.

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