Monday, 8 May 2017
New South Wales
Sydney Auction Clearance Rates (www.domain.com.au)
Sydney recorded an auction clearance rate of 74% over the weekend with 458 properties listed.
Melbourne Auction Clearance Rates (www.domain.com.au)
Melbourne recorded an auction clearance rate of 79% over the weekend with 655 properties listed.
Mulgrave Office Park Sold (www.smh.com.au)
Stronghold Investment Services has acquired a 5,851m² office park at 13-15 Compark Circuit, Mulgrave for $21.5 million ($3,675/m² of lettable area), reflecting a yield of 7.5%.
Toorak Development Site Sold (www.smh.com.au)
Sentosa Capital has acquired a 2,700m² development site at 1093-1099 Malvern Road, Toorak for $14 million ($5,185/m² of site area).
Canterbury Development Site Sold (www.smh.com.au)
A private developer has acquired a 3,765m² development site at 14 Balwyn Road, Canterbury for $7 million ($1,859/m² of site area).