A new report from LJ Hooker Commercial and BIS Shrapnel has said the real estate industry has suffered through the worst of the global financial crisis.
According to the Australian Property Market Monitor 2009 report, released today, yields will continue to remain soft in the short term but will certainly start to pick up as the country heads into 2011 and 2012.
LJ Hooker Commercial general manager Mark Brimble said the improvement in yields highlighted an opportunity for investors to take advantage of well-priced commercial investments.
“These market conditions prove that the time is right for investors to buy into commercial property,” Mr Brimble said.
The report found that yields firmed too strongly over the last five years, which proved to be the catalyst for a gradual weakening. However it also said that a more sustainable market will prevail moving into the future.