Tuesday, November 25, 2008

Costliest retail strip in Australia..

South Yarra's Chapel Street has been outed as the most expensive retail strip in the country. A report by realestate groups found shopkeepers pay an average of $1,400-$1,500 a square metre per site. The rate is in stark contrast with that of surrounding areas, with Toorak Rd leasees paying 50 per cent less . Burke Road, Camberwell follows closely behind with rents between $800-$1,200 per square metre.

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