THINGS HAVE NEVER LOOKED BETTER FOR AUSTRALIA’S COMMERCIAL PROPERTY MARKET.
New figures from Colliers International in July revealed Australia achieved a record-breaking $31 billion in commercial property sales in the last financial year, with 44% of that money coming from offshore.
Sydney and Melbourne’s office and industrial markets, in particular, are enjoying a golden era, as are shopping centres, childcare facilities and development sites, which continue to attract record levels of investment.
Agents tell us every week that they simply cannot match the demand for properties across the most popular asset classes. It’s a good problem to have.
Amid a climate of great global uncertainty and with the US and the UK looking increasingly volatile, our local market stands out as one of the strongest and most sought-after destinations for commercial property investment.
Britain’s Brexit vote might have sent global markets into a spin, but that turmoil only served to enhance Australia’s status as a commercial property safe haven, with both local and international buyers chasing opportunities to get in on the action.
Our high-growth economy and low sovereign risk remain key factors that continue to boost Australia’s appeal. Just ask China, which continues to seek out Australian property and has dominated foreign investment in our commercial market so far this year.
We’ve also seen the Coalition government reelected, albeit narrowly, and that’s a win for the commercial property market, with the Coalition promising to resist changes to negative gearing laws, to lower company tax rates and to potentially reintroduce the Australian Building and Construction Commission, which will smooth dispute processes for developers and crack down on lawlessness in the construction sector.
With population growth continuing to be a key driver of property demand, predictions that Australia’s population is forecast to swell at more than double the rate of other major global markets are yet another shot in the arm for our market. That demand will almost certainly see a new wave of commercial property developments in the coming years, particularly in our capital cities, which will further reinforce our global reputation.
Posted 31st August 2016
Source: http://agent.realcommercial.com.au/news/the-market-is-looking-good/
in Latest News
Archived Posts
- February 2024 (2)
- November 2023 (3)
- July 2023 (3)
- March 2023 (1)
- September 2022 (1)
- June 2022 (3)
- March 2022 (1)
- February 2022 (6)
- May 2021 (2)
- March 2021 (1)
- February 2021 (1)
- December 2020 (1)
- November 2020 (1)
- October 2020 (1)
- September 2020 (1)
- August 2020 (1)
- July 2020 (4)
- February 2020 (1)
- December 2019 (3)
- August 2019 (1)
- July 2019 (1)
- June 2019 (1)
- March 2019 (4)
- February 2019 (3)
- December 2018 (3)
- November 2018 (3)
- October 2018 (3)
- September 2018 (3)
- August 2018 (3)
- July 2018 (3)
- June 2018 (3)
- May 2018 (8)
- April 2018 (3)
- March 2018 (2)
- February 2018 (3)
- December 2017 (3)
- November 2017 (4)
- October 2017 (5)
- August 2017 (3)
- July 2017 (3)
- June 2017 (3)
- May 2017 (3)
- April 2017 (10)
- March 2017 (3)
- February 2017 (4)
- December 2016 (5)
- November 2016 (10)
- October 2016 (6)
- September 2016 (6)
- August 2016 (3)
- July 2016 (3)
- June 2016 (2)
- May 2011 (1)