Strength in Inner-Eastern Investment Assets

Tom Maule and David Minton of Gorman Commercial sold 611 Canterbury Road, Surrey Hills for $2,000,000. The price reflected a land rate of $4,300/m2 for Commercial 2 zoned land. The property was sold at auction with multiple bidders and bought by a local investor. “Despite market commentary, the sale again demonstrates strength in the market for inner-eastern investment assets,” said Tom Maule.