Preliminary results show an improving clearance rate over the week ending 5 August, at 63.4 per cent across 41 results, compared to the previous week when 58.6 per cent of the 58 auctions were sold. Over the corresponding week last year, 67.9 per cent of the 84 auctions were sold.
Southgate Complex in Southbank is one of Australia's largest commercial property sales, with a value of $580 million.
The preliminary clearance rate of 54.6 per cent last week is lower than both the clearance over the previous week (65.5 per cent) and at the same time last year, when 65.5 per cent of auctions cleared. There were 44 reported commercial auctions last week, an increase from the previous week’s 29 reported...
The latest research from Adelaide Cityscope shows that commercial property sales have decreased for the quarter to July 2016. The latest quarter shows total sales figures of $43.1 million from 27 sales, a decrease compared to the $197.9 million from 18 sales recorded in the quarter to April 2016 and a large...
Anton Capital has sold two Sydney office towers to Poly Group for a reported $160 million. Read more.
July 2016 has been a big month for new construction updates across the country from the Cordell research team. Download report here.
German supermarket giant Aldi has purchased a four story office building in Sydney's northern suburbs for potential future redevelopment.
A five-year-old Bondi Beach fronting property has very quickly sold for $31.25 million to Cook Property Group. Read more.
Chinese residential developer Aqualand purchases property from Altis Property Partners for $54 million. Read more.
One of the last remaining properties in the Insurance Commission of Western Australia's property portfolio has been sold for $87 million.
Telstra has sold it's dual frontage block at 308 Exhibition Street in Melbourne's CBD to a Malaysian development company.
The Grand Hotel Chancellor, a 4.5 star hotel in Surfers Paradise, was sold to Challenger Ltd for $80 million.