1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Commercial properties could see favourable market conditions

January 12, 2012

A joint survey involving a well-known financial institution and a leading real estate authority has shown that commercial property owners may be in for some prosperous times.

The Property Council of Australia and ANZ Bank have performed research into the state of the national economy and examined the implications for the rest of the year.

ANZ chief economist Warren Hogan and head of property research Paul Braddick have compiled what they believe to be good news for both business owners and commercial landlords.

The Property Industry Confidence Survey has shown that - while certain segments have fluctuated by region and state - the market may be on the verge of a "multi-year cyclical upswing" that could see an increase in rental rates.

According to the expert analysts, owners of commercial offices and industrial properties in particular could be delivered with higher tenancy rates.

This is because positive economic growth has coupled with a decrease in market availability due to a slowdown in development completions in 2012.

For business owners, this could provide the impetus to seek out their own place to purchase in order to avoid increasing rents - while investors may be driven to find viable addresses to capitalise on increased demand.

Related Articles

Brisbane's fringe the place for office rental in the city

Those on the hunt for commercial real estate may want to look at Brisbane's fringe, according ...
read more

Brisbane industrial property a safe bet for investment

There is growing demand for industrial property in Brisbane, the latest report on the city's ...
read more

Major developments coming to south east NSW

While most everyone knows about the major changes coming to the city of Sydney, the largest city in ...
read more

Latest Articles

Newcastle development highlights strengthening New South Wales position

Newcastle is set to undergo development in the near future, with this transformation taking another ...
read more

Sale opportunities as capital city property prices soar

Anyone interested in selling their capital city property could be interested in the ...
read more

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more