The latest research from Eastern Melbourne Cityscope shows property sales have increased in the past three months in total sales value.

Sales recorded in the quarter ending October 2019 totalled $184.6 million from 35 sales, compared to the $149.7 million from 26 sales recorded in the three months to July 2019. 

This data brings the 12-month total to $517.2 million, a decrease from the $568.7 million recorded over the same period of previous year. 

Notable sales in the October 2019 update of Eastern Melbourne Cityscope include:

 - The Atrium at 2 Luton Lane, Hawthorn 
A four-level building designed around a central atrium with glazed lifts, three office floors plus basement parking, a building area of 5,661 sqm and 182 car spaces, was sold for $55 million through Gorman Commercial and CBRE Melbourne. The sale represented an initial yield of 5.27 per cent on a passing income of $2,896,000 (net).
 - 4 Wesley Court, Burwood East, one of 16 buildings in the Tally Ho Business Park
A building of 3 levels plus lower ground level and a building area of 9,597 sqm, plus a 4-level car park at the eastern end of the property, which sold for $51 million.
 - 3-7 Hamilton Street, Mont Albert
A 7-level building with three floors of offices above a four-level basement car park with retail areas on the ground floor, a total building area of 3,775 sqm and a total of 115 car spaces, including some at the rear of the ground floor, which was sold for $18 million.

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