Huge Sales Result in Riversdale Road

Four vendors have pooled ttheir strate-titled apartments ti sekk a substantial 858-square-metre site at 68 Riversdale Road Hawthorn. Because of the residential growth zone location, the value of four units sold as one far exceeded individual sales. Gorman Commerical’s Steven Speck said the apartments sold for $4.17 million, a land rate of almost $4900 per square metre, which was believed to be a record for land within the growth zone.

Published in The Age, 6 April 2016