Confidence in Hawthorn Retail Sales

Tom Maule and Stephen Gorman from Gorman Commercial in conjunction with Paul Evans and Tim Mitchell from Miles Real Estate sold 544 Burwood Road, Hawthorn to a local investor for $1,320,000. The price showed a building rate of $6,600 per square metre. Despite current commentary on retail, investors had confidence in the location due to its proximity to Swinburne University and public transport amenity.