blog.buysellrealestate.com.au

A retail property in Chatswood has been sold at auction on a yield of 4.6% by agents of Sheads First National Real Estate.

A Queensland-based private investor has purchased a building in the
Melbourne CBD with a passing yield of approximately 5.5%, confirming a
continuing strong demand for CBD retail and commercial property.

A residential development site with DA approval for six apartments in
Bondi Beach, New South Wales, has sold at auction to a property
developer.

A office and warehouse that was offered with vacant possession in Kent
Town, South Australia, has sold to an owner occupier following an
extremely competitive auction.

A classic two-storey sandstone building with three street frontages in Darlinghurst, New South Wales, has sold at auction.

Australia’s hotel markets have maintained growth momentum, with newly released ABS accommodation data indicating that growth came largely on
the back of strong increases in ADR during the
first quarter of 2008.