Commercial Market Update (Aug 2018)

Sales recorded for Melbourne Units Cityscope for the three months to August 2018 totalled $192.3 million, a decrease from the $667.8 million recorded for the quarter to May 2018 (which included the off-the-plan sales of the Spencer Melbourne Building at 420 Spencer Street, West Melbourne and the Australis Building at 601 Little Lonsdale Street, Melbourne) and the $319.5 million recorded for the quarter to February 2018.

The latest data brings the twelve-month sales total to $1.762 billion,…