Emigrate to Australia: commercial property boom19 October 2016 by News Desk
Emigrate to Australia where the commercial property market has seen its strongest third quarter for over two years.
Emigrate to Australia where the average investment in commercial property is $47 million.
In the past three months there has been $9 billion worth of commercial property investment across Australia. Around 30 per cent of the growth came from deals above $200 million.
Most of the big-ticket deals were transacted in Sydney and Melbourne.
Available stock in the office sector remains tight resulting in below average investment volumes. In light of weaker investment in the office sector, other sectors performed more strongly.
At $1.8 billion, the industrial sector recorded the strongest quarterly result since Q3 2014.
The retail sector was also strong with over 70 transactions recorded for the quarter, resulting in total investment volume of $2.2 billion.
Foreign investment also rebounded strongly in Q3 2016 to $4.9 billion, from the $2 billion invested in Q2.
Emigrate to Australia: commercial property boom
Asia Pacific investors dominated the quarter, with China-based entities and Singapore-based entities accounting for $1.7 billion and $1.3 billion respectively.
International investors, those with a global platform, rounded out third place with a further $1.2 billion, following the $1.5 billion invested last quarter.
Investment volume in 2016 is matching that of the same period last year, according to the Investment MarketBeat Q3 report.
Australian commercial property remains attractive to investors, particularly in Sydney where total property values grew 33 per cent over the past 12 months.
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