- Patrick Ewing
Friday, 25th August 2017

New South Wales
Sydney Office Market Update (Property Observer)
Supply and Demand imbalance in Sydney and Melbourne is pushing up office rents.
Face rent growth of 10.3% in Sydney and 13% in Melbourne is forecasted for the year.
Newtown Development/Investment Site Sold (Real Commercial)
An undisclosed buyer has acquired a 622m² Residential Property with Development Potential for Townhouses at 20-28 Munni street, Newtown for around $4,000,000 million ($6’430/m² per permissible Land Area).
Drummoyne Retail Outlet Sold (Real Commercial)
An undisclosed buyer has acquired a 500m² Mixed-Use Building at 137 Victoria Road, Drummoyne for $3,400,000 million ($6’800/m² GBA).
#SydneyOfficeMarketUpdate #NewtownDevelopmentInvestmentSiteSold #DrummoyneRetailOutletSold