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1.Market Observations, 8.Was Sticky

5 Apr 2017 (AFR) – Commercial property auctions clear 80pc

(5 April 2017, AFR, p33, by Su-Lin Tan)

‘Appetite for Sydney commercial property remains strong with a portfolio auction on Tuesday achieving an 80 per cent clearance rate. The lowest yield achieved at the Burgess Rawson auction was 4.4 per cent on a Red Rooster-anchored property at 157 The Entrance Road in Erina on Sydney’s Central Coast. It sold for $2.925 million after a big round of bids. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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