Commercial Property News and Insights

While some developers are offloading sites and construction activity slows, a Gold Coast industrial site with upside for medium-density residential development sold well over reserve at auction recently. 

After several decades of planning, a long-awaited road network into the regional centre of Taree has brought with it the opportunity to deliver the largest transport hub between Sydney and Brisbane.

Australian commercial property markets have faced significant challenges in recent years. High inflation, rising interest rates, declining bond returns, global conflicts, and geopolitical actions have all combined to increase market uncertainty. Despite these challenges, the market has also witnessed new opportunities and structural shifts that have positively impacted commercial real estate assets.

Competition for industrial rentals in Sydney’s South-West is now akin to the residential market, according to LJ Hooker Commercial Macarthur Director Aaron Ward.

Retailers struggled through the pandemic’s lockdowns. Cafe, hairdresser, salad bar owners and others were willing-on the populace to reach the target vaccine thresholds so lockdowns would be confined to the past. 

Australia’s office market has undergone a structural shift in the wake of the digital transformation of workplaces by Covid.

Amidst the turbulent conditions of the last three years, the industrial sector’s importance within the broader economy came to the fore.

Volatility, regulations, disruptions and shifting financial market conditions, experienced over recent years, has failed to dent the performance of commercial real estate assets. One reason for this stability is that commercial property plays an important part in how we work, live and play.