Wednesday, 31 August 2016
New South Wales
Crows Nest Office Suite Sold (www.smh.com.au)
MNA Superannuation has acquired a 140m² office suite at 210 Willoughby Road, Crows Nest for $805,000 ($5,750/m² of NLA)
Campsie Development Site Sold (www.smh.com.au)
A private investor has acquired a 1,191m² development site at 14 Harp Street, Campsie for $3 million ($2,519/m² of land area).
Sydney Office Suite Sold (www.smh.com.au)
A private investor has acquired a 91m² office suite at 267-277 Castlereagh Street, Sydney for $683,000 ($7,505/m² of NLA).
Willoughby Retail Property Sold (www.smh.com.au)
Hi Vis Australia Pty Ltd has acquired a 170m² retail property at 184 Penshurst Street, Willoughby for $1.26 million ($7,412/m² of GLAR).
Campbelltown Industrial Development Site Sold (www.smh.com.au)
Landcross Investments Pty Ltd has acquired a 23,440m² industrial development site at 6 Hepher Road, Campbelltown for $4.7 million ($201/m² of land area).
Moorebank Industrial Units Sold (www.smh.com.au)
A private investor has acquired two industrial units comprising a total 790m² at 26 Kelso Crescent, Moorebank for $1.6 million ($2,025/m² of building area).
Dwelling Approvals Data (www.abs.gov.au)
Industry research indicates dwelling approvals increased 0.2% in July 2016 in trend terms.
Dwelling approvals increased in July in NSW (+2.4%) and Victoria (+0.5%), whilst decreasing in QLD (-1.8%) in trend terms.
Commercial Market Data (www.smh.com.au)
Industry research indicates that commercial property transactions decreased 57% from H1 2015to $7.5bn in H1 2016.
Foreign investment accounted for 43% of acquisitions in Australia in H1 2016.
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