- Patrick Ewing
Wednesday, 16th August 2017

Sydney
Commercial Property Market Update
Rezoning and redevelopment are driving up commercial rents and prices in the Sydney Market.
Small to Medium commercial rents currently range from $100m² – $120m², with leases of 5 to 10 years and tenants are paying outgoings.
Victoria
Melbourne Property Acquisition Approved
Chinese developer Country Garden has received approval from the Foreign Investment Review Board (FIRB) to proceed with its acquisition of a 363-hectare site on Black Forest Road, Wyndham Vale for $400 million ($1’101’928/Ha).
Queensland
Gold Coast Development Site Sold
Japara Healthcare has acquired a 4719m² site from the Robina group in Gold Coast for around $5.5 million ($1’166/m² SA).
The listed aged care and retirement provider plans to develop a $30 million aged care facility with an in-house cinema, café and wellbeing centre.
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