JSI Telecom has leased a 499sq m office at Part Level 5, 241 O’Riordan Street, Mascot from a private owner paying $450 per square metre under a 5 year lease. 

A local Asian investor has purchased the largest privately owned waterfront land holding on the Central Coast for $1.93 million from the Legge family. This is the first time the property has been on the market in 150 years.

Construction is currently underway by well renowned builder Palumbo for Kent Town’s first multi-storey office building in several years.

Savills Australia’s new supply chain division is pleased to announce it has selected Opturion to support artificial intelligence for its industrial clients.

A Hong Kong investor and a local investor have purchased two prime retail spaces in St. Kilda for $2,000,000 and $1,450,000. 

A local buyer has snapped up a sprawling 1,963sq m prime commercial landholding in Camberwell for $10,050,000, outbidding numerous offshore and local buyers, and securing the property with a short 23-day settlement. 

A hairdressing and beauty salon has signed a 3-year lease for a prime retail space at 108 Bridge Road in popular Richmond, following high interest from a wide range of tenants across the service and hospitality industries.  

A 171sq m commercial property previously occupied by a medical tenant is being offered for sale or for lease in Maroochydore.

A neighbourhood shopping centre in Canberra has been snapped up by a private investor in an off market transaction worth $39 million.

Savills Australia is proud to announce its partnership with the City of Sydney in celebration of Sydney’s 2020 Lunar New Year Festival.

The O’Brien family, a private high net worth family office has purchased a 195sq m (NLA) vacant retail building at 62-64 Australia Street Camperdown, Sydney from Australian Perpetual Properties Pty Ltd for $2 million. 

A private Sydney based investor has expanded his Sunshine Coast investment portfolio by picking up a high end industrial investment in Kunda Park for $2.75 million.

Elanor Retail Property Fund (ERF or Fund) has exclusively engaged Savills National Retail Investments team to divest three shopping centre assets located in Taree, New South Wales and Moranbah and Gladstone in Queensland.  

As the Sydney CBD experiences historically low vacancy rates and accelerating rental growth, both investors and tenants are looking to the southern end of the CBD, notably Haymarket.

A major development site in Victoria’s coveted Mornington Peninsula has sold to local developer Piermont Group for $6.4 million, highlighting the continued demand for prime landholdings with development upside throughout Victoria. 

A major development site in Victoria’s coveted Mornington Peninsula has sold to local developer Piermont Group for $6.4 million, highlighting the continued demand for prime landholdings with development upside throughout Victoria. 

A Macau investor has bolstered their investment portfolio, securing a large format retail asset in Moorabbin for $21.8 million on a sharp 5.29% yield.

Residential rental values fared better than capital values over 2019 with an average annual increase of 1.2%, up from 0.4% in 2018, compared to a 0.1% increase for capital values over the same period, according to the Savills World Cities Prime Residential Rental Index.

A local developer has snapped up a prime landholding in South Melbourne for $8,550,000, purchasing the property for $3 million above expectations in a highly competitive auction.

A Medical and Convenience Centre in Waterford West has been snapped up by a local private investor group for $7.9 million.