blog.buysellrealestate.com.au

A Melbourne developer has purchased a commercial site in Malvern East at a hotly-contested auction conducted by Colliers International.

A retail building offered with vacant possession in Victoria’s South Yarra, has sold on a yield of
approximately 2.5% following a post auction negotiated sale.

Many builders are not advertising or
submitting open market tenders, thereby resulting in fewer overheads
and lower construction costs which in turn benefits developers.

The first residential stage in the mixed use SW1 development at South Bank has sold out ahead of its completion.