Sales of commercial property in Melbourne during the last 12 months to June have almost doubled from the previous year, according to real estate agents.
In the last financial year the office, industrial and retail transactions in Melbourne were over $6.6 billion compared with $3.77 billion the previous year.
Melbourne’s CBD office market reached a record $2.22 billion in sales, with overseas buyers purchasing almost half of the CBD properties sold.
Total sales for industrial property reached $923 million, while sails in the retail sector reached $2 billion.
Source: Fairfax Media