DOWNLOAD THE LATEST COMMERCIAL REPORTS HERE
"Office is expected to demonstrate the best market
performance across commercial markets over the next
12 months, followed by retail and industrial.
⇒ Melbourne is the strongest performer across all sectors in the current period,"
(NATIONAL AUSTRALIAN BANK, APRIL 2010)Some compelling reasons why invest in the Commercial office sector::
DOWNLOAD
PRICES: How do the prices compare?:
Download the price comparison chart here
July 2010:
One of the factors that most determine the worth of Commercial property is the market area of the property. Properties that are well located with with good transportation access will obviously be worth more than those that are located farther away from town and are harder to get to.
This is because it is worth more to tenants to have their employees and suppliers nearby.A prime location is also valued higher because potential customers will be able to get to the premises easily and regularly and have a greater chance of becoming real customers if it is easy to get to..
"A very important aspect that determines the commercial property market value is the potential for rental income. If the building is well located, it will attract more tenants, making the property more valuable. The ability to make more money from the property translates into a higher value (and price.)
Commercial property market values are established by considering how many other properties of similar size, state, and income potential are available in the area. If there are plenty of comparable properties in the market, the value will be lower, but generally if a property offers more space or better location than most of the nearby buildings, it will be worth much more. This is because it will typically be able to attract tenants very easily.
While commercial property values are determined differently than residential properties, the contributing factors are easy to understand and look for. Knowing the way commercial properties are valued can help you in picking the best spot for your investment."
David M. Higgins, BSc, MComm, PhD, API (Land Econ), MRICS is a
senior property investment lecturer at the School of the Built Environment,
University of Technology Sydney, Australia
"Australian Commercial Properties will start to see Capital Growth in the next 2 quarters as the economy strengthens"
(BLOOMBERG)
"South Melbourne is an outstanding and hugely
popular office market with record low vacancy and only minimal new supply
projected over the next 2-3 years. Most of this new supply will more than
likely be pre-committed from larger organisations, so the vacancy is projected
to be minimal."
COLLIERS
"According to current research the South Melbourne
vacancy is 1%,
compared with the CBD at 5%, Southbank 7% and St Kilda Road at 10%. We
anticipate very strong demand from occupiers of these suites on completion in 2011 due to
their
outstanding location and fantastic design and excellent parking &
transport
access."
COLLIERS MAY 2010
OutCity of Meelbourne "
(Read Our Comprehensive "Guide to Commercial Property Investment" here)