• Patrick Ewing

Monday, 7 November 2016

New South Wales

Sydney Auction Clearance Rates (

  • Sydney recorded an auction clearance rate of 77% over the weekend with 831 properties listed.

Mt Druitt Commercial Complex Sold (

  • De Angelis Hotel Group has acquired the commercial complex at 13 Mount Street, Mt Druitt for $25.3 million ($8,745/m² of NLA), reflecting a gross yield of 2.42%.

  • The commercial complex comprises a hotel and 10 retail tenants across a net lettable area of 2,893m².

  • The hotel has a 24-hour liquor licence with 27 gaming machines.

  • The 5,640m² site has mixed use zoning with redevelopment potential ($4,486/m² of land area).

Eastern Creek Retail Development (

  • Frasers Property has been awarded the right to develop a 52,800m² Retail Centre on lands owned by Western Sydney Parklands Trust at 181 Rooty Hill Road South, Eastern Creek.

  • The retail centre will be constructed in four stages over 5 years.


Melbourne Auction Clearance Rates (

  • Melbourne recorded an auction clearance rate of 79% over the weekend with 817 properties listed.

#SydneyAuctionClearanceRates #MtDruittCommercialComplexSold #EasternCreekRetailDevelopment #MelbourneAuctionClearanceRates

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