Weekly Transaction Update - 21st Jan
For Week ending 21st January
This last week has seen activity increase a little further with 8 significant transactions across the market valued at $437M vs the $252M for the previous fortnight. January 2017 is shaping up to be well down on last years transaction count of 31 transactions worth over $2.8B, however last year was an extraordinary year with 8 transactions over $100m, most of which were likely hang-overs from activity in December 2015.
Aqualand' s purchase of 12.5 hectares of land at Baulkham Hills for $90M appears to be an extraordinary high price for vacant land at approx $7.2M per hectare. With a current development potential of 72 large lots (780sqm) and 75 townhouse lots, the land price represents a staggering $600k per lot. The site is 700 metres from the future Norwest Metro station and next to the