blog.buysellrealestate.com.au

The Tuggeranong Office Park in Greenway, ACT, has been acquired by property and funds manager Cromwell Group for $166 million.

An eight level office block architecturally designed by award
winning Harry Seidler in Ultimo, New South Wales, has sold to a private
investor after auction.

The $65 million Interlink Stage 1 and 2 in Mackay, Queensland, is
proceeding smoothly after its developer, The Silverton Group, handed
over a sewer pump station built on behalf of the
Mackay Regional Council.

Research by Colliers International Gold Coast has indicated that
despite the global credit squeeze, interest rate rises and share market
unrest, the Gold Coast and northern New South Wales industrial markets
are expected to remain solid for the rest of 2008.

While historically the movement of tenants out of Melbourne’s St Kilda
Road precinct would cause the vacancy rate to increase, figures
released by Jones Lang LaSalle show that the vacancy rate declined to
6.4% in the first quarter of 2008 from 6.8% at the end of 2007, despite
the relocation of Salmat and Infosys.

Bond University has presented Queensland local governments with new
research with the intention of helping them improve affordable housing
outcomes across inner city precincts.

According to the Ai Group – Australian Constructors Association
Construction Outlook survey, a new record high is forecast for the
total value of construction by the private sector in 2009 at $92.3
billion. 

The Real Estate Institute of Victoria has released a report revealing
that the vacancy rate for residential properties within 4km of the
Melbourne CBD has dropped to an all time low of 0.3%.