Hardly a day goes by without discussion about property, finance or a major development getting on to the news agenda in some part of the world. This section of the website brings you all the news about Savills from Australia.
28 August 2014
Melbourne CBD grid investment sales has entered a period of sustained recovery averaging sales of $1.5 billion for two years running - more than 65 percent over the $909 million average of the previous ten years - at a time when office vacancy has been relatively high by Melbourne standards, according to Savills Australia’s latest research.
28 August 2014
An eight level Melbourne CBD carpark being marketed by Savills Australia is expected to fetch a price of around $15 million as investors ponder the prospect of on-selling individual spaces with bays typically selling for more than $60,000 each.
27 August 2014
A high quality industrial property at Brisbane’s Trade Coast precinct at Hemmant, fully leased to a national food service operator, has been sold for $11.5 million.
26 August 2014
Investor restrictions and foreign official interest rates of almost zero, coupled with Australia’s stable economic and political climate, are driving a surge in foreign investment in Australian property with a record $5.9 billion outlaid in the last financial year, 60% more than the $3.5 billion recorded in the previous 12 months, according to Savills Australia research.