Commercial property market

[kincella]

must be some other posters this site interested in the commercial property market....
this is old news,,,2 months...how time flys....but relevant for investors,,,

the heading says it all.....crowded houses as share market slumps

private superfunds have been active in the lower end of the market for some time now....note a couple of props, one for 1.7 mill the other for 610,000.....

well all very interesting...about 40 properties sold since sept melb cbd area only about 10 sales pm....more active than I would have thought...unusual in fact......even a medical centre in st kilda rd for 250,000....all very affordable imo

I have not looked at other sites....

http://www.realcommercial.com.au/cgi-bin/rsearch?a=d&t=com&ty=&f=20&p=10&rs=0&fmt=&header=&tenure=&keys=&cat=&sl=sold&subcat=&minlandsize=&parking=&minlease=&maxbuildsize=0&maxlease=&return=&px=&pm=&minbuildsize=0&maxlandsize=&o=features_first&c=12603051&s=vic&tm=1232758099



http://www.news.com.au/heraldsun/story/0,21985,24664909-5012926,00.html

[kincella]

thats a massive amount for a small town...prices from 300,000 to 1 million on a return of about 5%....damn how did I miss that one....trinity sold them...
some lucky investors out there..
.................................................. ...........................

Mr Castran said the success of the sale pointed to investors returning to blue chip commercial property in the current economic turmoil.

"What we are seeing is people hesitant to buy shares or park their money in the bank where they get no strong returns," Mr Castran said.

"They are using super funds to purchase quality commercial stock, especially in the $500,000 to $1 million bracket." Mr Castran said buyers were a mix of existing tenants and Melbourne investors.

He said demand had been fuelled by no further commercial subdivisions being developed in Lorne, which is above the beachfront Great Ocean Road.

http://www.theaustralian.news.com.au/business/story/0,,24975999-36418,00.html