Commercial Market Update – Eastern Melbourne Cityscope July 2020

The latest research from Eastern Melbourne Cityscope shows property sales have decreased in the past three months in total sale value and quantity.

Sales recorded in the quarter ending July 2020 totalled $128 million from 19 sales, compared to the $441 million from 26 sales recorded in the three months to April 2020 (which was mainly due to the large sale at 200 – 216 Victoria Parade, East Melbourne).

This data brings the 12-month total to $814.1 million, a large increase from the $458.9…