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1.Market Observations, 8.Was Sticky

19 Sept 2016 (TheAge) – Investor frenzy tipped at commercial property auction

(19 September 2016, The Age, BusinessDay, p21, Carolyn Cummins)

‘Investors are tipped to come out in force this week when a range of properties, worth more than $50 million combined, come up for auction. The demand for bricks and mortar is escalating as investors seek out higher returns than the cash market offers and avoid the volatile sharemarket. According to Colliers International, which is holding the auction on Wednesday, momentum is building in the commercial sphere thanks to increased leasing and investment activity, which has underpinned a rise in effective rents and compression in yields.’

Read more at TheAge.com.au

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