Monday, 17 October 2016
New South Wales
Sydney Auction Clearance Rates (www.domain.com.au)
Sydney recorded an auction clearance rate of 80% over the weekend with 673 properties listed.
Five Dock Commercial Property Sold (www.smh.com.au)
KBTT Pty Ltd has acquired a 300m² commercial property at 1 Barnstaple Road, Five Dock for $2 million ($6,667/m² of floor area).
Sydney Industrial Sales Wrap (www.smh.com.au)
A private investor has acquired a 1,886m² warehouse building at 50-54 McCauley Street, Alexandria for $5.3 million ($2,810/m² of building area), reflecting a gross yield of 4.03%.
A private investor has acquired a 1,117m² office and warehouse property at 44 Egerton Street, Silverwater for $3.2 million ($2,864/m² of lettable area).
Melbourne Auction Clearance Rates (www.domain.com.au)
Melbourne recorded an auction clearance rate of 79% over the weekend with 989 properties listed.