auckland.scoop.co.nz » Yields Continue To Tighten For Well Located Commercial Property
Press Release – Bayleys A continuing contraction of investment property yields and a good level of demand for well located tenanted and vacant premises were features of Bayleys’ final Total Property auction for the year. Bayleys’ Auckland commercial and industrial director Lloyd Budd says the sale of a variety of tenanted offerings at net rental income returns of below or around five per cent confirm that yields are continuing to track interest rates down. “Bank deposit rates have dropped significantly in recent months to below one per cent which opened up a bigger yield gap with com...
Source: scoop.co.nz
