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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Economic recovery good news for commercial market

By Staff Reporter
04 September 2009 | 1 minute read

The RBA’s forecast for growth and recovery should result in a stronger commercial property market.

ANZ’s latest Australian Commercial Property Outlook said risk aversion is receding, sales activity below $30 million is rising and the recapitalisation of the larger real estate investment trusts has reduced the likelihood of fire sales.

According to the report, the industrial and office markets fared the worst over the last 12 months, but falls were still modest in comparison to the slump that occurred in the early 1990s.

Office values fell 45 per cent in the 1990s compared with the current 16 per cent, Property Council research found.

“This is not the early 1990s revisited,” ANZ’s head of property and financial systems analysis Paul Braddick said.

“The key differentiator has been the relatively subdued supply.”

Mr Braddick predicted office vacancies for the five main CBDs would peak at more than 11 per cent by the end of 2010 – well below the long term average.

 

Economic recovery good news for commercial market
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.