Commercial vacancy rates approach zero
By Bianca Dabu
30 July 2021
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1 minute read
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Record-low interest rates have dramatically increased demand across the commercial property market, with industrial assets leading the charge.
Raine & Horne’s Commercial Insights for Q2 2021 revealed that a growing number of businesses, particularly small and medium enterprises, are investing in their own premises rather than opting to rent as low rates make properties more affordable.
“Industrial property is experiencing skyrocketing demand, while the office space market is adjusting to the ‘new normal’ of flexible work arrangements,” according to the report.
With demand from investors lifting competition, vacancy rates are being reduced to near-zero, particularly across South Western Sydney.
Real value of property an inexact science theadviser.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadviser.com.au Daily Mail and Mail on Sunday newspapers.
How to determine the real value of a property
By Bianca Dabu
23 February 2021
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1 minute read
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With various factors affecting market value and pricing, can one truly predict what buyers will pay for properties?
Despite several forecasts of double-digit growth for Australian real estate in 2021, Raine & Horne Group’s executive chairman, Angus Raine, said that predicting market value remains an “inexact science”.
According to him, market value ultimately “depends squarely on what a specific purchaser will pay”.
Moving forward, low interest rates, economic performance and government stimulus will certainly influence growth in value, but scarcity will be one of the biggest factors that will influence market value and pricing moving forward.