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1.Market Observations, 8.Was Sticky

6 June 2019 (AFR) – $1.8 billion of big ticket Brisbane properties in play

(6 June 2019, AFR, p32, Ingrid Fuary-Wagner, Reporter)

‘Deep-pocketed investors with an eye on Brisbane’s CBD are more spoilt for choice than ever before, with about $1.8 billion worth of big-ticket commercial properties on the market or in due diligence. Owners of large-scale towers in the Queensland capital are cashing in on fresh interest from offshore capital and local buyers, who are confident in the city’s growth potential and are seeking a better yield proposition than what’s on offer in Sydney and Melbourne. “There is more activity in the market now than we’ve seen in the last couple of years, particularly at the bigger end of the market,” Ben McGrath, partner at Knight Frank, said.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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