commercial property Archives · Australian Loans Group

Commercial Sales Set To Rebound

Posted on 14/11/202327/10/2023 by Laze Spasevski

Commercial sales are set to rebound as transaction activity in the Australian commercial property market appears to be trending up. However, sales activity in 2023 will almost certainly be well down on last year's results. There were $29.2 billion of sales in the office, logistics & industrial, and retail sectors during 2022, according to JLL. Which is considerably higher comp...
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Rise In Construction Costs Slowing Down

Posted on 13/02/202313/02/2023 by Laze Spasevski

Construction costs continue to rise sharply, but the worst is behind us as it appears to be slowing down. Residential construction costs rose 11.9% during 2022, after climbing 7.3% in 2021, according to CoreLogic’s Cordell Construction Cost Index (CCCI). The 2022 result was the largest annual increase on record, apart from the period impacted by the introduction of the GST. However, t...
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Rental Income Rose During 2022

Posted on 08/02/202308/02/2023 by Laze Spasevski

Rental market conditions have strongly favored property investors during 2022 as rental income rose significantly. CoreLogic has reported that the median rent for an Australia investment property increased 10.2% during the year. The city-by-city breakdown was: Brisbane4% Adelaide9% Sydney4% Perth2% Melbourne6% Hobart3% Darwin1% Canberra3% During 2022, the nation...
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Refinancing is at Record-High

Posted on 06/02/202306/02/2023 by Laze Spasevski

Refinancing activity is at record-high levels right now. According to another blog post, there are several reasons why borrowers are refinancing their home loans. The top reason is that owner-occupiers and investors alike are seeking home loans with lower interest rates as the Reserve Bank continues to raise the cash rate. Borrowers refinanced a record $19.5 billion of loans in November, the mo...
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Construction Activity at Record High

Posted on 31/01/202306/02/2023 by Laze Spasevski

Australia is experiencing a “record high” construction activity across all sectors and states, according to Rider Levett Bucknall’s third-quarter construction report. The amount of construction work underway across Australia during Q3 was unprecedented with “similar levels of activity” forecast for the next two to three years. RLB said this building boom was being driven by: Federal...
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Demand is Increasing For Office Spaces

Posted on 20/09/202207/09/2022 by Laze Spasevski

Demand is increasing for CBD office spaces. This signifies a reversal of the trend we saw emerge during the 2020 and 2021 Covid years where offices were left almost abandoned in many cities as businesses pivoted to work from home arrangements. However, when looking at the numbers they appear to be suggesting otherwise. Australia's CBD vacancy rate in the six months to July was 12.0%, com...
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