Monday, 5 September 2016

New South Wales

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

• Sydney recorded an auction clearance rate of 80% over the weekend with 537 properties listed.

Blacktown Mixed Use Development Site Sold (www.smh.com.au)

• A local developer has acquired a 4,644m² mixed use development site at 5-19 George Street, Blacktown for $20 million ($4,307/m² of land area).

Sydney Premium Office Vacancy (www.smh.com.au)

• Industry research indicates that vacancy in Sydney’s premium office market is at 11.4%, above the ten year average of 8.2%.

Victoria

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

• Melbourne recorded an auction clearance rate of 78% over the weekend with 718 properties listed.

Brunswick Development Site Sold (www.smh.com.au)

• A private aged care provider has acquired a 5,200m² development site at Cnr Brunswick Road and Barkly Street, Brunswick for $14 million ($2,692/m² of land area).

Brunswick East Development Site Sold (www.smh.com.au)

• A private developer has acquired a 1,767m² development site with a Development Permit at 11-15 Brunswick Road, Brunswick East for $10 million ($5,659/m² of land area).

• The Development Permit approves a 10-level apartment building comprising 116 units ($86,207/approved unit).

Doncaster Hill Development Site Sold (www.smh.com.au)

• A local developer has acquired a 3,231m² development site with a Development Permit at 600 Doncaster Road, Doncaster Hill for $16 million ($4,952/m² of land area).

• The Development Permit approves a 12-level apartment building comprising 174 units ($91,954/approved unit).

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