Suburban Shop & Dwellings Well Sought-After by Investors

Gorman Commercial’s Tom Maule and David Minton sold 633 Burwood Road, Hawthorn East for $940,000 with vacant possession to a local investor. The price reflected a land rate of $7,067 psm and a building rate of $11,750 psm. “Despite current market commentary, we have found suburban shop and dwellings sub-$2 million have been very well sought-after by investors”.