Weekly Transaction Update - 17th March
For Week ending 17th March 2017
Wow - another very quite week this week with only $142.75M of transactions reported. March is shaping up to be one of the quietest months for almost 2 years !
Agents are still talking up the market. We are tracking $3.7B of major assets available for sale which include $2.0B of assets added in the past two weeks. See below.
It is always interesting to see who the vendors are in the current asset sales. Of the above assets currently on the market, over two thirds are offshore funds. These owners / funds are all very experienced real estate investors. Why are they selling now ? Clearly the prospect of higher interest rates locally and globally is beginning to weigh on the minds of investors with offshore investors attempting to sell before the impacts of this translate into lower asset values.
Scroll through the list below or head to the Australian Property Transaction Data Map for further details.
This Weeks deals