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Happiness in Lane Cove sale

IRH Australia, which is a Japanese Buddhist group, purchased the property at 516 Parcific Highway for $2.7 million in a sale that was negotiated by Colliers International selling agents, Michael Wydeman and Curtis Field.

Colliers International has negotiated the sale of a commercial property in Lane Cove, New South Wales, on behalf of Miff Pty Ltd to the Institute for Research in Human Happiness Australia.

Sun shines for Sunland

Sunland Group has achieved a record net profit after tax for 2007-2008, up 12% on the previous financial year.

In an Element of its own

The first sale was for an entire floor apartment on level five to a Canberra purchaser for $3.2 million whilst the second sale was for a level nine apartment, which was purchased by Brisbane interests for $3.7 million.

Two apartments at the $90 million Element Burleigh Beach Development on The Esplanade in the Gold Coast have sold off the plan.

Development benefits from growth

The 839 sqm lot, sold this month for $912,000, smashed the earlier waterfront land record of $820,000 set only in July, with both lots achieving over $1000/sqm.

A vacant waterfront homesite at Coomera Waters was sold for a record price after achieving 38% capital growth over less than two years.

Bondi Beach simply two good

Image taken from www.realcommercial.com.au

Two blocks of units with a mix of retail and residential in Sydney’s Bondi Beach have sold at auction.

Box Hill sale is child’s play

The freehold site, located at 974 Canterbury Road, Box Hill, sold to and undisclosed private investor for $2,818,000.

A commercial property in Box Hill, Victoria has been sold by tender on a yield of 7.5% by agents of Ray White.

Double sale in Kirrawee

Raine & Horne Commercial Sutherland Shire has negotiated the sale of two freestanding factories in Kirrawee, New South Wales, to two different purchasers.

A tale of two statistics

National clearance rates for commercial auctions have recovered over the last two months but according to independent property analysts, RP Data Commercial, the real story is in the number of properties offered to the market July.

Cromwell reports record earnings

Property and funds manager Cromwell Group has reported record full year earnings, with strong underlying cash flows combining with a secure capital base to underpin current and future earnings.

CFS releases yearly results

Colonial First State Property Retail, the manager of CFS Retail Property Trust, has announced the trust’s results for the 12 months ending 30 June 2008.

New sale not a mirage

Offered for sale via Jones Lang LaSalle hotels, the resort comprises of 294 guest rooms, management rights over 90 privately owned luxury villas, three restaurants, the Daintree Lounge, a Kids Club and the Mirage Country Club.

Queensland’s Sheraton Mirage Resort Port Douglas and its adjoining development land is being offered for sale via an EOI campaign.

Melbourne's Southbank tea party

CB Richard Ellis has been appointed as the exclusive selling agent for the 28 Clarendon Street building, which was built in the 1880s.

The iconic Tea House building at Southbank in Melbourne has been listed for sale by the State Government’s Department of Treasury and Finance and is tipped to attract interest from hotel operators, owner occupiers, investors and developers.

Good value in Campbelltown

Laing+Simmons has described Campbelltown as the most affordable suburb in Sydney for first homebuyers and one of the best long term growth markets in New South Wales.

Housing report indicates poor outlook

HIA has released June 2008 quarter National Outlook publication on the nation’s residential sector, with the report highlighting a large fall in home building activity.