Monday, 12 September 2016
New South Wales
Sydney Auction Clearance Rate (www.domain.com.au)
Sydney recorded an auction clearance rate of 77% over the weekend with 567 properties listed
Botany Church Sold (www.smh.com.au)
The Grace Point Churches has acquired a 1570m² church at 1355 Botany Road for $4 million ($2,548/m² of land area).
Sydney Industrial Sales Wrap (www.smh.com.au)
888 Design and Construct has acquired a 628m² industrial property at 36 Tennyson Road, Mortlake for $2.23 million ($3,551/m² of land area).
Hand Unit has acquired a 442m² industrial property at 86-96 Milperra Road, Revesby for $790,000 ($1,787/m² of land area).
A private investor has acquired a 665m² industrial property at D/11-13 Short Street, Auburn for $1.6 million ($2,406/m² of land area).
A private investor has acquired a 600m² industrial property at 441 Victoria Road, Gladesville for $3.9 million ($6,500/m² of floor area).
A private investor has acquired a 1,284m² industrial property at 6/21 Mars Road for $2.1 million ($1,636/m² of floor area).
Menangle Park Residential Development Site Sold (www.theaustralian.com.au)
Dahua Group has acquired a 134ha residential development site in Menangle Park as well as a 364ha adjacent parcel of land in 2015.
The two acquisitions has cost them roughly $300 million ($602,410/ha of land area).
Dahua Group plans to build 4,400 houses ($68,182/dwelling).
Melbourne Auctions Clearance Rate (www.domain.com.au)
Melbourne recorded an auction clearance rate of 78% over the weekend with 718 properties listed.
Melbourne Hotel Sold (www.theaustralian.com.au)
Frasers Hospitality Trust has acquired a 380 room hotel property at 270 Collins Street, Melbourne for $237 million ($623,684/dwelling).