Over $5.2 billion worth of retail assets have exchanged hands in Australia over the 12 months to September, well above the $3.3 billion exchanged during the prior 12 month period, according to Jones Lang LaSalle.
According to the latest estimates from BIS Shrapnel, Australia’s housing needs have risen to a new record high of 182,000 new dwellings pa, substantially above the 151,000 new dwellings actually commenced in 2006/2007.
With vacant land in short supply in Port Melbourne, 11 out of 12 lots have recently sold at a new industrial property development at 177 Salmon Street in Port Melbourne.
Colliers International has taken out the top award for the second year running in the commercial agency category of the Real Estate Institute of New South Wales 2007 Awards for Excellence.