The positive news for Australian property markets is that the budget has not made any changes to negative gearing or capital gains tax concessions.
This will provide confidence for investors and relief for owners-occupiers and tenants.
Sydney’s industrial property values will continue to grow despite a record level of new supply entering the market over the next two years, according to LJ Hooker Commercial’s Industrial Market Monitor.
LJ Hooker’s Head of Real Estate, Christopher Mourd has been appointed the independent board member on the Real Estate Institute of Australia’s (REIA) board, giving the network representation at the highest level of the industry.
The first edition of the LJ Hooker Commercial National Portfolio Magazine for 2016 is now available.
The magazine features a selection of properties available throughout our National Network of Commercial Specialists.
According to the LJ Hooker Commercial Retail Market Monitor investors are tipped to bid up retail property prices over the next two years, tightening yields amidst improved consumer sentiment and uncertain outlooks for other assets.