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Matthew Sullivan
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Yields of up to 10 per cent are luring savvy buyers back to the commercial property market.
According to Raine & Horne Commercial chief executive Angus Raine, the best office, retail and commercial properties under $5 million are being snatched up quickly by self-managed super funds and owner-occupiers.
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“The attractive yield spread on offer from 5 per cent to 10 per cent where there is a development upside, is proving a significant lure for investors.” Mr Raine said.
“Since late 2010 we have seen increased numbers at our City Auction Rooms, while clearance rates are at healthy levels.”
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