blog.buysellrealestate.com.au

A local private investor has purchased the Harmony Newsagency and Post Office in Subiaco, Western Australia.

An office and warehouse facility in Lonsdale, South Australia has been
sold at auction to a private investor on a yield of 6.5% by agents of
Commercial Property Group.

In another vote of confidence for the Melbourne CBD office market, a
purchaser associated with private investor Kyko Group out of Sydney has
acquired the landmark 114 William Street office tower for $95 million.

Pacific National, the rail subsidiary of Asciano is planning to develop
an intermodal freight terminal following its acquisition of freehold
land in the Parkes Multi Modal Transport Hub, in New South Wales.

The latest Ai Group and CBA Performance
of Services Index has shown that services sector activity slowed
further in June, with record petrol prices and high interest rates
continuing to stifle consumer and business demand.

The Real Estate Institute of Victoria has welcomed new laws to prevent
bids after the fall of the hammer at an auction being accepted.

Property developer, Devine, has won the Townhouse - Villa Development
of the Year Award at the 2008 HIA Gold Coast – Northern Rivers Housing
Awards for its Edgewater Terraces in Coomera, Queensland.

A four-storey retail building along George Street in the heart of
Sydney’s Chinatown in New South Wales has sold prior to auction to an
offshore investor.

Given the strongest St Kilda Road office market in years, vendors are
continuing to take advantage of the market, with the sale of another office likely to
bring the total of sales for the year to more than $100 million.

A vacant industrial block in Regents Park, New South Wales has been
sold to an owner-occupier by Niemeyer Commercial Industrial Property.