Commercial Property News and Insights

Darwin’s commercial property market has remained buoyant on the back of the Northern Territory’s Gross State Product performing at three times the national average, the latest LJ Hooker Commercial Market Monitor shows.

One of the final large-scale development opportunities in the Moorebank East precinct is set to attract interest from developers who have been starved of opportunities in one of Australia’s premier last-mile logistics hubs.

A large corner site at Kilburn attracted 221 bids in a spirited auction before selling under the hammer for $3,520,500.

Demand for infill development sites in Sydney’s South-west remains strong with a 4051sqm site in Minto selling off-market for $6.3m in a deal secured by LJ Hooker Commercial Bankstown.