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Matthew Sullivan
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.
“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.”
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.
“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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