469-471riversdalerd_001

The Boom Rolls on in Melbourne’s East

The boom rolls on in Melbourne’s east with 469-471 Riversdale Road, Hawthorn East selling for $3.011 million at auction. “Camberwell Junction never fails when the market recognises quality,”Gorman Commercial’s Stephen Speck and Stephen Gorman said. In a hotly contested auction, it sold on a yield of 3.5%. “The boom-time market won’t last forever,” Mr Gorman said.

Published in The Age, 7 December 2016

By Simon Johanson