Monday, 8 December 2008

Parramatta. Vacancy could peak at 15 per cent

Parramatta has been through as hell of a year, scarred by rising office vacancies and poor sales. And next year offers little hope of respite for investors, except for one mitigating factor: a scarcity of new developments, according to The Sydney Morning Herald. Vacancies peaked at 10.3 in July 2006 and fell to 7.3 per cent in the first half of this year but is expected to rise by 2012-13. As Parramatta office market enters a new supply cycle from January 2011, vacancy is forecast to increase, peaking at almost 15 per cent by the end of 2012-13,” said LandMark White.


Region. NSW Govt tenders

Tenders are invited for heritage conservation works in the Neates Glenn section of the Grand Canyon Walking Track, in the Blue Mountains National Park. Work includes stoner and timber steps, stone walling, drains, stepping stones and barrier fencing. Work in is a remote canyon site in a bushland environment with no vehicle access. Tenders are also called for an extension of the existing Windsor Station Bus Interchange, a carpark, retaining walls and roadworks.