blog.buysellrealestate.com.au

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.

A retail property that is tenanted to Golden House in Southbank, Melbourne, has sold via private treaty to a private investor.

A property leased to National Australia Bank in Gladstone, Queensland
has been sold by private treaty by agents of Burgess Rawson on a yield
of 6.6%.

Preliminary data from CB Richard Ellis has shown commercial property
sales in the first half of 2008 to be down 60% from the same time last
year.

Bowen Collinsville Enterprise has forecast continued growth for Bowen’s
property market following a recent announcement naming the region as
the leading candidate for Queensland’s largest single investment in
history.

The national slowdown in mortgage sales continued during June, with the
volume of mortgages sold by AFG, Australia’s largest mortgage broker,
declining 9.2% on figures from May, and 22.0% compared to June 2007.