Brand New Childcare Centre sells for $4.43m, under the hammer.

This brand new 96 place licensed purpose-built child care centre located at 29 Morwell Street, Yanchep was auctioned this morning and saw 3 parties bid for the sought after investment.

New Benchmark for Commercial Asset Sales in Wollongong

New Benchmark for Commercial Asset Sales in Wollongong

In what sets a new benchmark for commercial asset sales in Wollongong, a 6,719m2 A-grade office building with a sub 5-year WALE has just sold for $33.3 million, reflecting a 7.25% nett yield and approx. $5,000/m2 of building area. The property, 77 Market Street, was sold by MMJ Commercial (Wollongong) on behalf of Medibank Private Limited.

New Changes to ATO Withholding Tax Considers Buyers “foreign until proven otherwise”

New Changes to ATO Withholding Tax Considers Buyers “foreign until proven otherwise”

The Australian Taxation Office (ATO) has changed the rules for clearance certificates yet again this financial year. The new rule was implemented as part of the 2017 federal budget and was in effect from July 1st, 2017. It is due to affect approximately 60% of the housing market.