Monday, 24 October 2016

New South Wales

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

• Sydney recorded an auction clearance rate of 84% over the weekend with 628 properties listed.

Victoria

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

• Melbourne recorded an auction clearance rate of 84% over the weekend with 1,201 properties listed.

Queensland

Surfers Paradise Development Site Sold (www.afr.com)

• Meriton has acquired a 4,000m² residential development site on The Esplanade, Surfers Paradise for an undisclosed sum.

Strathpine Large Format Retail Centre Sold (www.mmj.com.au)

• A foreign investor has acquired the large format retail centre at 130-134 Gympie Road, Strathpine for $14.8 million ($3,170/m² of GLA), reflecting a yield of 6.1%.

• The property comprises a Gross Lettable Area of 4,670m² across two buildings and occupies a 1.17ha site area.

• The property is leased to four tenancies with a WALE of 5.9 years.

National

Cranes in Sky Indicator (www.afr.com)

• Industry research indicates Melbourne has recorded a decrease in Cranes in Sky from 148 to 128 over the last six months while Brisbane has decreased from 104 to 95.

• In Sydney, the number of cranes overall increased to over 300 with residential cranes in sky increasing from 239 to 258.

#SydneyAuctionClearanceRates #MelbourneAuctionClearanceRates #SurfersParadiseDevelopmentSiteSold #StrathpineLargeFormatRetailCentreSold #CranesinSkyIndicator