“The end of the Australian resources investment boom has had a profound impact on short-term commercial property investment, with investors shifting their focus away from the resource-rich states, towards markets more exposed to traditional business services, particularly Melbourne and Sydney.” Comm Bank Nov 15
The 2015 Commercial Property Insights from Comm Bank has the following top 4 key points…..
- 2015 commercial property sales should reach $25 billion for the year – this 40%above the 10 year average
- Commercial property markets have strong demand with high turnover, strong prices and high yields
- Office property continues to be the most popular sector in Sydney and Melbourne – NSW has 47% of total sales
- Sydney market is driven by strong employment and population growth, supported by government infrastructure investment
Please see attached Report for more details: Commercial Property Insights