Lack of stock limits sales
The first quarter of the calendar year is traditionally the slowest for the commercial property sales market, due to the summer holiday period. Despite this, the first three months of 2017 saw $3.2 billion worth of commercial property change hands.
This month’s market update report looks at investment into the Australian property market Q1 - 2017.
- $3.2 billion worth of commercial property sales took place in Q1 2017.
- Buyer demand is strong but a lack of stock has limited transaction numbers
- Institutional buyers continue to dominate sales, making up 59% of the total value of sales in Q1.
- Traditional residential property investors are now looking at commercial assets due to their comparatively high yields.
Click here to download a copy of our report