Tuesday, 3rd July 2018

National

National Auction Clearances Fall (The Australian)

• Auction clearance rates have dropped 12% since the first six months of 2017. The first six months of 2017 saw an average clearance rate of 72.5% but in 2018 the same time frame has on seen an average of 60.5% clearance in the residential sector.

New South Wales

Sydney Office Leased (AFR)

• Bond and Credit Co has entered a five-year lease of a 334m² office at Level 14, 383 Kent Street, Sydney 2000 on a gross annual rent of $980/m² ($327,320 p.a)

Surry Hills Office Leased (AFR)

• Interco Software Australia has leased a 495m² office a 285A Crown Street, Surry Hills on a four-year lease and a gross annual rent of $1,027/m² ($508,365 p.a)

Rouse Hill Development Site Sold (AFR)

• Poly Australia has acquired a 2.8ha site at the Corner of Cudgeogon Road and Macquarie Road, Rouse Hill 2155 for $17million ($6,071,428/ha). The site has been acquired with plans to develop 90 three-four-bedroom town houses.

Sydney Houses Worst Performing (AFR)

• Sydney has nine out of the top ten worst house price declines from the 2017/2018 financial year. Sydney’s nine suburbs range from -4.5% to -7.4% growth over the last financial year.

Victoria

Hawthorn Office Suite Leased (AFR)

• Auto Entry has agreed to a three-year lease on a 63m² office suite at 795 Glenferrie Road, Hawthorn 3122 on a net annual rent of $20,000 ($317/m² p.a).

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