Commercial property in hot demand

The Real Estate Institute of Western Australia this week released its inaugural Commercial Property Commentary on industrial sales and activity in the state.

The report shows that while the total value of reported sales over the last financial year reached $3.78 billion, the number of sales actually dropped by 16 per cent on the previous year.

Read more

Stubborn office owners press yields to record lows

OWNERS of Melbourne CBD office buildings held onto their properties in the 2006-07 financial year, on the back of rising rents and capital values, and a lack of alternative investment options. The gridlocked environment has resulted in record low yields being achieved for what limited major office buildings have become available.

Read more