Commercial leasing
Big Quarter for Commercial Mortgages
Published at: 21/04/2017

The number of commercial mortgages applications to acquire offices, warehouses, shops and development sites surged almost 26 per cent in the first quarter of the year compared with a year ago, according to new figures. The figures, from credit data provider Equifax, which build on a 22.5 per cen...

Commercial investment rise
Huge Prices and Low Yields Continue
Published at: 18/04/2017

A prominent Heidelberg corner site leased to the Bendigo Bank has sold on an incredible 3.4% yield for $5.302 million. Reflecting a land rate of around $7,470 per sqm, the 710sqm site at 164-166 Burgundy Street, Heidelberg was sold by Fitzroys agents Geoff Emmett and Chris James, and is anchored...

Government's Google Search Ends
Published at: 13/04/2017

Google has abandoned plans to move its Australian headquarters to Sydney's White Bay Power Station development. The NSW government will have to go back to the drawing board to find a new development plan for the waterfront site after both parties decided to discontinue neogotiations around the t...

Bunnings bendigo
Bendigo Bunnings Tops Portfolio Auction
Published at: 07/04/2017

The sale of a Bunnings warehouse in Bendigo for $14.46 million was the highlight of a Burgess Rawson portfolio auction held this week. The 8600 square metre DIY warehouse on the Calder Freeway sold on a yield of 6 per cent, further compounding the appetite investors currently have for the westfa...

Bay street brighton
Brighton's Bay Street Breaks Another Record
Published at: 05/04/2017

The sale of a two-storey building adjoining North Brighton Train Station for $2.255 million has set a new record for Brighton's Bay Street. Fitzroys Agent and Division Director Mark Talbot sold the property at an executors auction, with the sale price setting a new benchmark for a single-front p...

Ripley valley
$180 Million Master Plan for Queensland Growth Corridor
Published at: 30/03/2017

A New $180 million master-planned residential village in the rapidly growing Ripley Valley region is expected to catapult growth in the western corridor of Ipswich. Monterea Ripley residential village is been developed by Gerry and Patrick McHale and will feature 900 home sites on a land area of...

Commercial property
Government Tenants Drive Office Leasing Increases
Published at: 29/03/2017

Government and community sector tenants have driven a 128 per cent increase in office leasing across Melbourne's CBD over the past year, according to a new report. Despite Melbourne's sharp incline, CBD leasing in Sydney reduced by 12.5 per cent in the 12 months to March, due mainly to its large...

South melbourne pic
South Melbourne Super Site Sold
Published at: 23/03/2017

A super-site occupying a whole suburban block opposite the popular South Melbourne market, has sold for $41 million. The $41 million price tag, paid by GLG Group, is almost double the $22 million paid by its private owner Aviation Consolidated Holdings three years earlier. The property covers 4...

Brisbane cbdandsb
Prime Queensland Assets Achieving Top Dollar
Published at: 22/03/2017

Management rights to the Coorparoo Square mixed-use residential development in inner Brisbane have been sold for more than $7 million. Frasers Property Australia and Honeycombes Property Group sold the rights to holiday letting group Dreamtime Resorts on an earnings multiple of 5.2, placing it a...

Mlc centre
Half an Office Tower to Fetch $700 Million
Published at: 17/03/2017

A half-stake in Sydney's tallest office tower is up for sale with expectations it will achieve $700 million. QIC Global Real Estate has decided to sell its 50 per cent stake in the 62 level MLC Centre with its unrivalled 8148 square metre site on Martin Place. The MLC Centre is bound by [high p...

Abbotsford office
Big Brands Gravitate to Melbourne Commercial Leases
Published at: 15/03/2017

Maritime engineering group OMC International has taken a 996sqm Abbotsford office space on a decade-long deal. Fitzroys agents Stephen Land, Peter Weatherby and Martin Huang negotiated the lease at a rental of $355 per square metre per annum net plus GST on behalf of the Australian Education Uni...

Cia market report
Global Demand Grows for Sydney's North Shore
Published at: 09/03/2017

The office markets of North Sydney, St Leonards, Macquarie Park and Chatswood are benefiting from a surge in domestic and offshore investment, according to a new Summer 2017 Market Report from commercial property authoritarian CI Australia. The report details sustained, benign interest rates, ma...

Southbank retail
Huge Commercial Property Results Continue
Published at: 08/03/2017

A local investor has outbid five other buyers to purchase a stand alone Mt Waverley retail shopfront at auction for $1.6 million. The property, at 305 Stephensons Road, smashed through its reserve price by almost $700,000 in front of an attentive crowd of over 100 commercial property enthusiasts...

Small business warehouse
Off-The-Plan Warehouses On the Money
Published at: 02/03/2017

Sales of small, off-the-plan warehouses have significantly increased across certain pockets of Melbourne over the past six months, according to a new report released by Nichols Crowder and Nixon Industrial this week. In releasing its half yearly report, Nichols Crowder and Nixon Industrial, auth...

Australian technology park
Sydney's Billion Dollar Technology Park
Published at: 28/02/2017

Inner-Sydney’s $1 billion Australian Technology Park re-development is progressing with the first close up images of the project unveiled this week. The Mirvac project, which is deep in the construction phase and is the future home of the Commonwealth Bank of Australia (CBA), will consist of 3 b...

Gfc commercial property
What GFC? Commercial Property Puts Crisis Behind It
Published at: 22/02/2017

Capitalisation rates in Australia’s retail and commercial property market are now well and truly back to levels that prevailed before the global financial crisis if the latest profit results from shopping centre manager, Scentre Group are anything to go by. Scentre Group's profit for the year to...

It office
Warehouse Space Snapped Up by IT Player
Published at: 21/02/2017

Continuing the age of online start-ups and funky shared business spaces, a website development and design firm has beaten a number of high profile retailers to secure a prime Fitzroy address for its Melbourne operations. The firm signed a three-year lease over the 104sqm space on the ground floo...

Crown hotel
Crown Hotel Sale Continues Huge Hotel Run
Published at: 17/02/2017

Following a host of significant sales of A-grade Sydney hotels over the past six months, including the record setting auction of the Tennyson Hotel in Mascot for $37.05m and the sale of the Lidcombe Hotel for $36m, The Lantern Hotel Group has sold its last remaining pub, the Crown Hotel in Sydne...

Sydney commercial property1
Demand for Inner Sydney Commercial Assets on the Rise
Published at: 15/02/2017

Demand for commercial assets in Sydney’s inner east will continue to grow in 2017 after almost $370 million worth of sales last year, according to a new report. Samuel Hadgelias of Ray White Commercial NSW said there were more than 150 commercial sales in the inner east in 2016 with Surry Hills ...

Commercial property rise
Black Rock Beauty Smashes Reserve
Published at: 10/02/2017

A high-profile Black Rock corner freehold has sold under the hammer for $5.25 million, an incredible 41 per cent above its reserve price. The 1,062sqm site at 41B Bluff Road, is on the corner of Sylvia Crescent, has a 69-metre frontage and comprises a retail and office complex across four separ...

Gold coast commercial
Games Golden for Gold Coast Commercial Property
Published at: 08/02/2017

The Gold Coast office market has enjoyed its most favourable period for almost a decade with the local economy strengthening on the back of investment from the 2018 Commonwealth Games. According to a Gold Coast Office Report released by Ray White Commercial this month, in the six months to Janua...

Bank big
RBA Makes Cash Rate Decision
Published at: 07/02/2017

The Reserve Bank of Australia (RBA) left the official cash rate at 1.5% at its monthly meeting today. According to the RBA's statement, conditions in the global economy have improved over recent months. Business and consumer confidence have both picked up. Above-trend growth is expected in a nu...

Brisbane shopping centre
Brisbane Developer Slings Shopping Centre to Singapore
Published at: 03/02/2017

Real estate investment management firm Rockworth Capital Partners has paid $160 million for a sub-regional shopping centre development in Brisbane's south. The development, at Redbank Plains, was sold to Rockworth by Alceon Group and Brisbane-based developer Capital Transactions, Rockworth furth...

Sydney commercial property1
Government Assets to Go in Hot Sydney Market
Published at: 01/02/2017

Taking full advantage of Sydney's heated commercial property market the NSW government will sell more than $100 million worth of commercial property in Sydney's The Rocks. According to sources, the move comes in order to preserve and enhance the historic area, with, among others, the heritage-li...

Anz bank
Collaboration the Key to ANZ's Commercial Move
Published at: 30/01/2017

It's believed a bid to improve creativity and collaboration is behind ANZ bank's decision to take up the anchor tenancy at a new $430 million Docklands tower. The agreement for the new development, next door to ANZ's existing global headquarters, is one of the biggest deals in [Melbourne's comme...

Newspaper house
A Slice of Melbourne History to Hit the Market
Published at: 25/01/2017

Historic Melbourne office building Newspaper House is set to hit the market with expectations of above $30 million. The property is back up for sale just two years after it was bought by Singapore developer and builder Lian Beng for $23 million, the key difference this time is that it is now ful...

Commercial property
Melbourne and Sydney Office Space to Tighten in 2017
Published at: 20/01/2017

Prime office rents soared in Sydney and Melbourne over 2016 with both capital cities enjoying double-digit growth and the trend is set to continue this year, according to new figures. In Sydney, office rents rose 6 per cent in the final quarter of 2016 to end the year up 17.6 per cent while in M...

South melbourne pic
South Melbourne Super Site Could Reach $35 Million
Published at: 18/01/2017

A Whole Melbourne suburban block is expected to fetch around $35 million at sale in what has been touted as the first major development opportunity offered in the city for 2017. The 4630 square metre super site bordered by Cecil, York, Northumberland and Market streets, comprises a collection of...

Sydney cbd aerial shot
2017 To Be the Year of the Hotel
Published at: 13/01/2017

Australia's booming hotel sector is set for a massive injection of fresh supply this year with new hotels to open in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Perth. Some of this new supply will put downward pressure on daily room rates and occupancy levels in weaker markets such as Br...

Sydney office leasing
Korea and Japan to Crowd into Australian Commercial Property
Published at: 11/01/2017

Korean and Japanese institutions are set to crowd into the Australian Commercial Property Market prompting predictions that investment yields may fall below 5 per cent on prime CBD office towers in 2017. While some individual assets traded more sharply, investment yields on prime property were [...

Commercial graph
Retail Property Outlook Bright Across the Majors
Published at: 16/12/2016

The outlook for retail property in Sydney, Melbourne and Brisbane is strong, with all cities expected to perform well for at least the next two years, according to a report released this week. Respondents to the Australian Property Institute’s (API’s) Property Directions Survey, made up of prope...

Commercial leasing
Ripe Glenferrie Road Investment Sells on 3.6% Yield
Published at: 15/12/2016

An offshore investor has acquired a prime Glenferrie Road, Malvern investment property for $2.6 million under the hammer, on a tight 3.6% yield. Fitzroys agents Chris Kombi, Michael Ryan and James Gregson sold the property. The 200sqm site at 98 Glenferrie Road comprises a two-storey building...

Malcolm gunning
CVIEW Director Appointed REIA President
Published at: 11/12/2016

Online commercial property portal Director Malcolm Gunning has been appointed as President of the Real Estate Institute of Australia (REIA). Mr Gunning was elected to the presidency at the REIA's Annual General Meeting held in Canberra late last week. Mr Gunning has over 4...

Commercial investment rise
Huge Year for Commercial Property Investment
Published at: 09/12/2016

Childcare centres trumped petrol stations as investors took a more cautious approach to commercial property investment at the final portfolio auction of the year. Following Tuesday's rate announcement where the RBA left rates at a record low 1.5%, buyers snapped up 16 out of 29 properties offere...

Sydney hotel
Sydney Hotel Produces Record Auction Sale
Published at: 01/12/2016

Sydney's Tennyson Hotel has been bought for $37.05 million in what could be an Australian hotel auction record. Bar tsar and Merivale boss Justin Hemmes purchased the property at an auction held at Ray White's head office in the Sydney CBD this week which attracted 250 potential purchasers. But...

Improved commercial market
Commercial Property Outperforms Stockmarket
Published at: 29/11/2016

Returns from Australia's office, retail and industrial properties are outpacing the stockmarket by 4.6 per cent, according to new figures. Official data from the Property Council/IPD Australia All Property Index, which tracks more than 1400 commercial assets valued at about $165 billion, shows t...

Sydney office leasing
Sydney's Office Leasing Market Strongest Ever
Published at: 24/11/2016

Sydney commercial property landlords are seemingly in the box seat with the CBD seeing arguably its strongest office leasing market to date, according to Ray White Commercial. Ray White Commercial’s Anthony Harris said with the beginning of the redevelopent at Circular Quay's 1 Alfred Street, S...

Sydney art deco
Art Deco Inspiration Hits the Market in Sydney
Published at: 23/11/2016

A Spectacular freestanding Art Deco inspired office building located in the buzzing creative North Shore hub that is McMahons Point has hit the market in Sydney. Once predominately working class, McMahons Point is now among Sydney’s most exclusive localities. In 2016, it was rated as Sydney’s th...

Commercial property location
Queensland's Vertical Village Begins to Go Up
Published at: 17/11/2016

Construction on Stockland's greenfields "vertical" retirement village, a $63 million Oceanside Retirement Village on Queensland's Sunshine Coast, was expected to begin today (Friday). The second such vertical village that Stockland has embarked upon is a 140-unit, eight-storey development due fo...

Commercial doors in office buildings
Meadowbrook Sales Continue Queensland Comeback
Published at: 16/11/2016

It appears the rise of property markets in Brisbane and Queensland are continuing if a couple of recent sales in the suburb of Meadowbrook are any indicator. Two side by side properties have sold within weeks of each other in Meadowbrook’s University Drive complex, the first to an overseas inves...

Commercial leasing
Retail Reforms to Benefit Commercial Leasing Industry
Published at: 10/11/2016

The retail leasing industry and small businesses throughout NSW will benefit from reforms introduced into State Parliament this week, according to the Real Estate Institute of New South Wales (REINSW). REINSW CEO Tim McKibbin said amendments to the Retail Leases Act 1994 (NSW) would make doing b...

St kilda rd
Solomon Lew Acquires St Kilda Road Tower
Published at: 09/11/2016

Solomon Lew's Premier Investments has paid $55 million for an un-tenanted St Kilda Road office tower. The eight-storey tower at 457 St Kilda Road was sold with vacant possession after the recent departure of Computershare subsidiary Serviceworks Management. The St Kilda Road purchase includes a...

Commercial property auction
Malvern Retail Freehold Sails Past Reserve
Published at: 04/11/2016

A prime Malvern retail freehold in the key Glenferrie Road shopping precinct has been sold for $3.21 million under the hammer, $710,000 above the reserve price. Agents Chris Kombi and Geoff Emmett of Fitzroys handled the campaign, which ultimately saw six bidders compete for the property at auct...

Commercial doors in office buildings
6% Yield the New Norm for Australian Commercial Property
Published at: 02/11/2016

According to new research from global commercial agency Savills, a 6 per cent yield is the new normal in Australia as large amounts of capital continue to chase retail investments. Sales of retail assets soared $1.3 billion over the five-year average to reach $8.4 billion in the year to Septembe...

Commercial property sold
$100 Million in Two Days: Appetite for Commercial Property Grows
Published at: 27/10/2016

Two days of portfolio auctions in Melbourne and Sydney have netted over $100 Million in commercial property sales, indicating that there is still a large appetite for commercial property in Australia. This week's Burgess Rawson auction boosted the overall two-day clearance rate to 65 per cent as...

161021 horizon wellington point
Bayside Brisbane Landmark Hits the Market
Published at: 26/10/2016

One of the most significant retail assets on Brisbane’s bayside, the Horizon at Wellington Point Shopping Centre, is being offered for sale by Ray White Commercial in conjunction with Jones Lang LaSalle (JLL).   The major investment opportunity at 685 Old Cleveland Road East, Wellington Point, is...

Chapel street
Chapel St Resurrection Continues with $14.96 Million Sale
Published at: 21/10/2016

A huge crowd of over 200 people watched on as a prominent commercial corner property in Melbourne's popular Chapel Street sailed $2 million past its reserve to sell for an incredible $14.96 million recently. [The property at 125-131 Chapel St, Windsor](

Reinsw 2016 winners 0005
REINSW Recognises Top Commercial Agents
Published at: 19/10/2016

The best Commercial Real Estate professionals in the business were recognised at the 2016 Real Estate Institute of New South Wales (REINSW) Awards for Excellence Gala Dinner held in Sydney last week. CEO of commercial property awards sponsor, Daniel Bignold, said the awards...

Williamstown 7
Magnificent Seven Goes for $7 Million
Published at: 13/10/2016

A Prime Williamstown retail site has fetched $7 million under the hammer, the second landmark sale in Melbourne’s west in recent weeks. The 738sqm corner property at 20-26 Ferguson Street, comprised seven titles offered as a whole and was sold at auction by Fitzroys on a 3.85% net yield. A loc...

Chatswood sale
Sydney Strata Office Sold for Record Price - 2.45% Net Yield
Published at: 12/10/2016

Two unique strata lots which formed the entire top floor of 20 Thomas Street, Chatswood have been sold at a 20% increase in price compared to this time around 12 months ago when the property was unofficially for sale off market. Located in a booming commercial precinct only moments from Chatswoo...

Commercial property rise
Yields Tumble as Commercial Demand Rises
Published at: 06/10/2016

A Retail freehold in the key Centre Road, Bentleigh shopping strip in Melbourne's south-east has sold for $2.025 million under the hammer on a 3.20% yield. Fitzroys agents Chris Kombi and Mark Talbot sold the property on behalf of the vendor, with six bidders on auction day pushing the price $35...

Bank big
Cash Rate Held, Commercial Property Forges Ahead
Published at: 05/10/2016

The Reserve Bank left the official cash rate on hold at the historic low of 1.5 per cent at its monthly meeting yesterday. The hold decision was widely anticipated after two rates cuts already this year, as the RBA monitors the effects of the record low cash rate on the economy and currency. Th...

Commercial property
Sydney Metro Bolsters City's Commercial Market
Published at: 28/09/2016

Australia's biggest public transport project, Sydney Metro, continues to contribute to the rise of Sydney's Commercial Property market. The NSW government has agreed terms on half of the properties it needs for the second stage of Sydney Metro, with many of these commercial buildings becoming mu...

Commercial property auction
100+ Bids See Melbourne Warehouse Sail Past Reserve
Published at: 27/09/2016

With over 116 registered bids in front of a crowd of over 80 people, an older-style free standing Melbourne warehouse has sold under the hammer for an incredible $1,175,000. Selling well above the reserve price, the property, at 36 Isabella St, Moorabbin, was highly sort after with inspired comp...

High Profile Bank Site Bought for $1.87 Million
Published at: 23/09/2016

A Prominent Braeside ANZ bank site in Melbourne has been sold for $1.87 million. Agents Mark Talbot, Geoff Emmett and Terence Yeh handled the successful auction campaign, which saw the property sold on a 5.1% yield. The high-profile 1,500sqm site at 246 Boundary Road was sold with a five-year l...

Iconic Sydney Watering Hole Goes for Millions
Published at: 21/09/2016

One of Sydney's most famous drinking holes, the Colombian Hotel on Oxford Street, has been snapped up at a price understood to be in excess of $15 Million. The price was not disclosed, but it's understood the new purchasers, Iris Capital, paid the hefty sum for the imposing three-storey former W...

Reiv awardss
REIV Commercial and Industrial Award Winners Announced
Published at: 16/09/2016

The REIV's Commercial & Industrial Marketing Awards showcase the best in commercial and industrial advertising, marketing and promotion across commercial sales and leasing campaigns. The awards recognised and reward members who have gone the extra mile in pursuit of service, ethics and results, ...

5 9 ferguson williamstown
Three of a Kind in Williamstown Fetch $4.225 Million
Published at: 13/09/2016

Arguably one of the most rare and attractive Melbourne retail strip offerings of the year has been sold under the hammer for $4.225 million. Three adjoining shops at 5, 7 & 9 Ferguson Street in the sought-after western hub of Williamstown were offered in one line and sold on a land rate of $11,2...

Bourke street mall 1
$150+ Million Bourke Street Mall Deal
Published at: 09/09/2016

A One-third stake in Myer's flagship store in Melbourne's Bourke Street mall has been sold in a deal worth $151.3 million. Global funds manager TH Real Estate has bought out the Myer family's share, ending and era and further underlining current trends as major international institutions compete...

Cassegrain winery
Showcase Property to be Auctioned in Sydney
Published at: 07/09/2016

A showcase property, currently leased to wine producers Cassegrain Winery, will be auctioned next week. Listed by Burgess Rawson, Sydney, the property incorporates the original vineyard planted by the Cassegrain family in 1980 which was the first in the region, according to records. Marketing a...

Google Narrows Search for New Aussie Headquarters
Published at: 02/09/2016

Google is in exclusive discussions with the NSW Government over the development of Sydney's derelict White Bay power station into the tech giant's new Australian headquarters. The government's city transformation arm UrbanGrowth NSW formed a protocol with Google this week to guide negotiations. ...

60 ferguson 3 coxs 2 copy
Williamstown Retail Space Goes for $3.3 Million
Published at: 31/08/2016

Fitzroys has sold a Williamstown retail property in a prime corner position at 60 Ferguson Street & 3 Coxs Garden for $3.3 million. The property was sold by Fitzroys agents James Gregson and Michael Ryan to a developer. Over two titles with three street frontages totalling 60 metres, the 433sqm...

Sydney cbd aerial shot
Sydney Yields Outstrip World's Major Cities
Published at: 26/08/2016

Sydney, and increasingly Western Sydney, continues to remain one of the most popular locations for industrial investment across the Asia Pacific region. The ongoing infrastructure spend in Sydney has resulted in $68 billion being spent and with a robust labour market added to the mix, industrial...

Commercial Agents Taking Control of their Future
Published at: 24/08/2016

Commercial real estate agents across Australia are taking control of their future with the expansion of research-focused portal CEO Daniel Bignold said the company was offering real estate agents a [new viable alternative to the major portals](http://...

Commercial doors in office buildings
Sky High Schools in Style
Published at: 19/08/2016

Towering multi-level high school buildings are fast becoming the way of future education with Adelaide the next major city to embark on such a project. [The South Australian capital](✓&search%5Bsale_lease%5D=sale&search%5Bsuburb_hint%5D=ADELAIDE+5000+...

Award statue 277x300
Premier Property Award Nominations Continue
Published at: 18/08/2016

As the 2016 REINSW Awards for Excellence begin to take shape, the nominations keep rolling in, with Crows Nest based commercial and industrial specialists Sutton Anderson attracting a nomination in the Small Commercial Agency of the Year category. Sutton Anderson was founded in 2008 by Brad Sutt...

Award nomination
CI Australia Announced as Commercial Award Finalists
Published at: 17/08/2016

CI Australia has joined some of the industry's big international players as finalists in the 2016 REINSW Awards for the categorty of Commercial Agency 'Large'. This is excellent recognition for CI in such a distinguished category, mainly dominated by large international agencies. CI Australia C...

Brisbane cbdandsb
$200 Million Brisbane Property Purchase on the Cards
Published at: 12/08/2016

Financial services giant Challenger Life is in advanced discussions to buy the Industry Superannuation Property Trust's Green Square office building in Brisbane for more than $200 million. Challenger has a mandate from a Korean pension fund to buy the building known as Green Square South Tower, ...

Commerical property confidence
Clearance Rates Confirm Commercial Confidence
Published at: 10/08/2016

A commercial property portfolio in Sydney has enjoyed a 77% clearance rate, with the sale of over $33 million worth of commercial property indicating that the market is still in good shape. Highlights of the Burgess Rawson auction included a medical practice in Gosford which sold on an impressiv...

Commercial property location
Why Commercial Property is About Location
Published at: 05/08/2016

If you’re looking to invest in commercial property it won’t be too long before you realise that it’s often all about location, location, location. On top of a good location, a good commercial investment is often characterised by a secure lease preferably to a national tenant. In Australia, we l...

Industrial warehouse
Commercial Industrial Sites Bringing Big Results
Published at: 03/08/2016

A Seaford industrial site has sold for $1.825 million under the hammer, reflecting a sub-7% yield. Dean Alexander and Mark Talbot of Fitzroys handled the campaign, which saw in excess of 60 enquiries and four bidders on auction day. Alexander said the vendor was a family which had held the prop...

Low Yields Producing High Results
Published at: 29/07/2016

A Melbourne agent has sold a fourth Melbourne retail strip property in as many weeks on a sub 3% yield, as ripe economic conditions open opportunities for significant returns for vendors. Agents Chris Kombi and Adam Lester sold 134 Lygon Street, Brunswick East at auction for $1.38 million, almos...

Retail Property Will Weather Woolworths Woes: Experts
Published at: 27/07/2016

As Supermarket giant Woolworths prepares for staff layoffs and store closures, it will also write down almost $500 million worth of property, but experts believe the broader retail property market won't be materially impacted by the move. The impairments include $195 million of costs resulting f...

Brisbane cbdandsb
Brisbane Commercial Office Market to Improve
Published at: 22/07/2016

Brisbane's office market is expected to hit peak vacancy by the end of the year before recovering demand and withdrawn stock improve its situation, according to a new JLL paper. The forecast is part of a longer view on the Queensland economy, where the retreat of the resources boom has taken its...

Commercial property
Sydney and Melbourne Big Office Movers
Published at: 15/07/2016

Sydney and Melbourne accounted for 81 per cent of total national CBD net absorption in the [CBD office market](✓&search%5Bsale_lease%5D=sale&search%5Bsuburb_hint%5D=&search%5Bproperty_types%5D=&search%5Bquery%5D=office&search%5Bmin_sale_price%5D=&searc...

Social media image
Amazon joins LinkedIn, Facebook in New Aussie Digs
Published at: 13/07/2016

The world's biggest online retailer, Amazon, has taken a full office floor in Melbourne's central business district joining a host of big name technology companies expanding on Australia's east cost. In a highly confidential deal, Amazon has leased about 1600 square metres in the Ernst & Young b...

Education precinct
Education Approved Premises Proving Hot Property
Published at: 07/07/2016

Education groups are now looking to purchase education approved commercial premises as an alternative to leasing due an abundance of short supply in the Sydney CBD. Commercial agents Burgess Rawson have recently sold Level 6, 8 Quay Street Haymarket to a private college due to a lack suitable le...

Industrial warehouse
Industrial Land Values Rise Almost 17%
Published at: 06/07/2016

A recent overview of Melbourne's industrial market has revealed that average land values for sites between 1 and 5 hectares rose 16.9 per cent in the city's west over the year to April. According to Knight Frank's [Melbourne Industrial Market](✓&searc...

Retail Ripper Snapped Up in a Month
Published at: 01/07/2016

A Two-storey Ascot Vale retail premises has sold within 30 days of going to market. Sold by Fitzroys agents Dean Alexander and Mark Talbot, 153 Union Road went to an owner occupier for $960,000. The split level freehold has a floor area of 147sqm and was sold with vacant possession and with pot...

Sydney cbd aerial shot
Sydney Office Building to Attract $70 Million +
Published at: 30/06/2016

An O'Connell Street office building in Sydney is set to achieve a price in excess of $70 million when it goes to the market in the coming weeks. The 14 level property at 28 O'Connell St is being sold by Global insurance organisation Chubb, formerly Ace, after the two companies earlier this year ...

Commercial property auctions
Bumper Burgess Rawson Auction A Brexit Blessing
Published at: 29/06/2016

With more uncertainty following the Brexit decision, investors have rushed to acquire well-leased Australian commercial property before the end of the financial year with a recent Burgess Rawson portfolio auction of 18 properties generating sales of around $45 million. Experts believe savvy inve...

Colliers lease artarmon
Attractive Artarmon Lease Among Top Recent Results
Published at: 24/06/2016

A Stunning fully renovated freestanding office/warehouse building has just been leased on a three year deal with a further 3 year option in the tightly held pocket of Artarmon, NSW. Leased by Tilt Industrial Design in a deal put together by Colliers International, North Sydney, the quality indu...

Commercial office space
Sydney and Melbourne Rise in Prime Office Rankings
Published at: 22/06/2016

Sydney has moved inside the top 25 to number 22 on CBRE's global ranking of prime office occupancy costs after a 4.9 per cent rise in local prices in the 12 months to March. Melbourne jumped 12 places to 62nd on the list, [the biggest rise of any city globally](

Commercial property
Is Australia's Commercial Property Market at its Peak?
Published at: 16/06/2016

Australia's commercial property market has seen yields tighten to levels not seen since before the financial crisis - so does this mean the market is at its peak? A recent panel discussion including several S&P analysts, Stockland's general manager for Treasury John Arentz, KordaMentha real esta...

Commercial property sale
Office Vacancy Rates Down as Asian Banks Join Ranks
Published at: 15/06/2016

The Sydney CBD office leasing market is enjoying its most buoyant time since 2008, with a 5.5% vacancy rate for A-grade office space the lowest in 8 years. According to global real estate JLL, the "hot streak" of office leasing in the Sydney CBD will continue, supported, amongst other factors, b...

693 burke rd 0055   main
Camberwell Cracker Fetches $8 Million
Published at: 14/06/2016

A Local investor has parted with $8 million for a [trophy office building in Camberwell](

Building a portfolio
How to Grow Your Own Commercial Property Portfolio
Published at: 10/06/2016

A healthy commercial property portfolio is rather like a garden – for consistent growth you need to know when and where to sow, have enough variety to cover all seasons and be prepared to weed out the unproductive. [If you’ve already bought commercial property and are looking to build your inves...

Gorman auction photo
Commercial Property Records Continue to Tumble
Published at: 08/06/2016

Gorman Commercial may have set another record after the sale of 719 Glenferrie Road, Hawthorn recently. With the rent set at a fair market level, the return of 2.89% saw more than 100 people witness the $3.18 million sale. Gorman Commercial Director, Stephen Gorman said that apart from an ex...

Commercial auctions
Government Sell Up Heads Big Commercial Auction
Published at: 01/06/2016

The sale of a handful of NSW Government tenanted properties will headline a large commercial property auction in Sydney later this month. Burgess Rawson have 5 NSW government tenanted investments in their next portfolio auction which will take place on the 28th June, just in time for sales to co...

Commercial 1
$1 Billion Tower for Sydney's Darling Harbour
Published at: 27/05/2016

A $1 billion office tower and retail complex to sit above Sydney's Western Distributor freeway and compete with the city's new Barangaroo development, has been planned by three neighbouring office tower owners. A consortium comprised of the GPT Wholesale Office Fund, Canada's Brookfield and the ...

Sydney cbd aerial shot
Commercial Market Too Good for Sydney Hotel Sale
Published at: 25/05/2016

The Chinese owners of the Radisson Sydney at Darling Harbour have pulled the sale of the 102-room, 4.5-star hotel despite receiving numerous offers well above the asking price of about $40 million. The hotel and recently completed adjoining suites were put up for sale by Ausbao, the Australian s...

Commercial oz
Commercial Property: Australia's Top Investment
Published at: 18/05/2016

From office towers to hotels, commercial property in Australia performed better than any other investment class in the year to March 2016. Aided by lower interest rates, improving fundamentals in Sydney and Melbourne and strong offshore demand, the total return for the sector was 14 per cent acc...

Melbourne burwood property
Commercial Property Juggernaut Rolls On
Published at: 16/05/2016

The Australian commercial property juggernaut has continued with an Expressions of Interest campaign attracting 80 enquiries and a sale price of $4.95 million for a freehold [investment in the inner Melbourne suburb of Hawthorn](

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Dual State Portfolio Sold for Over $841 Million
Published at: 09/05/2016

Retail landlord Vicinity Centres has sold a four-asset portfolio of shopping centres to funds giant Blackstone and local property trust Mirvac in deals worth approx $841.1 million in total. [As reported by in February](

Crown casino
Bumper Auctions Coming to Sydney and Melbourne
Published at: 04/05/2016

An impressive line up of 33 properties are being offered in a dual city auction event to be held by Burgess Rawson this month. The investments include supermarkets, childcare, service stations, fast food and a range of commercial properties that are located in QLD,[NSW](http://www.commercialview...

Big bank
Rate Decision Announced: How will it affect you?
Published at: 07/03/2017

The Reserve bank has left the cash rate unchanged at 1.5% for a sixth consecutive month. According to the Governor Philip Lowe's Statement regarding the decision, conditions in the global economy have continued to improve over recent months. Business and consumer confidence have both picked up. ...

Commercial investment rise
Property Affordability a Major Issue for 2017
Published at: 21/12/2016

The inability of Australians to afford their own home is shaping as one of the biggest political issues of 2017 after a new report revealed that house prices were growing increasingly out of line with people's incomes. The report, from real estate data firm CoreLogic and the Australian National ...

Award nomination
No Cup Day Cut This Year
Published at: 01/11/2016

As Australia prepares for the race that stops a nation, the Melbourne Cup, the Reserve Bank has left the official cash rate on hold at the historic low of 1.5%. After two rate cuts already this year, the hold decision was widely anticipated, as the RBA continues to monitor the effects of the rec...

Richmond sale
Multi-Million Dollar Sale of Richmond Landmark
Published at: 20/07/2016

A landmark two-level period-style corner building located on the exclusive Richmond Hill has been sold privately for an estimated $2.35 million. Sold by Fitzroys agents Chris Kombi and Terence Yeh the vacant property at 316 Church Street, on the corner of Darlington Parade, combines a street fro...

Melbourne cbd retail
Melbourne CBD Rents Among World's Highest
Published at: 11/05/2016

Rental amounts in Melbourne's Bourke Street Mall are among the highest in the world, with net rates reaching up to $9000 to $11,000 per sqm. The figures come on top of predictions that Central Business District rents in Melbourne are expected to rise in the medium term as retailers compete for a...