Monday, 28 November 2016
New South Wales
Banksmeadow Industrial Site Sold (www.afr.com)
Leda Holdings has acquired a 9,385m² industrial site at 13-19 Baker Street, Banksmeadow for $16 million ($1,705/m² of land area), reflecting a yield of 3.5%.
The developer has plans for an industrial strata development.
Sydney Auction Clearance Rates (www.domain.com.au)
Sydney recorded an auction clearance rate of 79% over the weekend with 961 properties listed.
Melbourne Auction Clearance Rates (www.domain.com.au)
Melbourne recorded an auction clearance rate of 78% over the weekend with 1,366 properties listed.