Tag Archives: perth
CBD Offices on the Move
Posted on 17. Mar, 2010 by Chris Lang.
Westpac has just released an Australia-wide outlook for Commercial property. And it predicts you will start to see growth in rents and values during 2010-11. As employment numbers grow with the improved economy, demand for Office space will also take off again.
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State of the Commercial Market?
Posted on 17. Aug, 2009 by Chris Lang.
As you would expect, the financial turmoil worldwide has had a significant effect on most property markets. However, the effect has not been the same across the board. The current state of the various CBD office markets is probably your best barometer of future activity for two reasons. First, the Property Council of Australia (PCA) [...]
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The "Fund Gap" Threatens ...
Higher-Priced Commercial Property
Posted on 25. Jun, 2009 by Chris Lang.
Earlier this year, you read about a funding crisis pending for Property Trusts and Institutional buyers. And this is not helped by the RuddBank failing to materialise. With a surge in the Share Market since March, several recent capital raisings have helped some of these larger property owners. However, with the latest hiccup in Share [...]
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CBD Office Shortage Looming for Melbourne
Posted on 18. Jun, 2009 by Chris Lang.
And Rentals are Set to Rise ... The recent boom period saw prime Office rentals in Brisbane, Sydney and Perth hit the $1,000 per sq metre mark. However, they have fallen dramatically from that peak, since mid-2008 Meanwhile, Melbourne has remained steady at around $750 per sq metre — mainly because most of its new [...]
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CBD Office Markets
Posted on 27. Mar, 2009 by Chris Lang.
As a result of the global financial crisis ... sales of Melbourne CBD Offices fell in 2008 (to $425.2m) from the level achieved in 2007 (of $850.9m) — according to research released by CBRE. Institutional buyers and REITs have virtually withdrawn from the market ... leaving private syndicates, wealthy families and overseas buyers to transact [...]
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Looking into the Future for CBD Offices
Posted on 17. Mar, 2009 by Chris Lang.
An earlier post outlined my view on how the various CBD Office Markets would perform around Australia. And a report by the ANZ Bank (in yesterday's Financial Review) pretty much confirmed that previous advice. Interestingly, their take on the level of vacancies is that it will not reach anything as bad as the 1990s. But [...]
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You May be a Doubter ... But I say: "Yes, we can!"
Posted on 23. Feb, 2009 by Chris Lang.
The Weekend Financial Review ran several articles, which seemed to echo many of the sentiments contained in my last blog about the Capital City Markets — but perhaps putting things a little more bluntly. Brisbane Mark Ludlow (on page 2) referred to Queensland as having moved from "boom state to gloom state" — because of [...]
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Which Australian Office Markets are in Trouble?
Posted on 10. Feb, 2009 by Chris Lang.
Queensland seems to have been hardest hit. And in particular the Gold Coast, where vacancy levels have soared to around 18%. But the difficulties confronting Queensland (and fellow mining State WA) are not necessarily reflected Australia-wide.
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Taking Stock of Commercial Property
Posted on 03. Feb, 2009 by Chris Lang.
As I mentioned in a recent mail to some Clients, it's been surprising how few quality properties have been forced onto the market — given the difficulties caused by current global turmoil. You've heard so much lately as to how bad things are. But let's undertake a quick comparison for Australia — between 1990 and [...]
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This is Not Quite the Stuff of Fairytales ...
Posted on 03. Dec, 2008 by Chris Lang.
But for the most of 2008, Australia has basically experienced what you might term a Goldilocks market for Commercial property ... "not too hot, and not too cold!" Despite Office, Retail and Industrial being near the top of their cycles ... the global turmoil has prevented the usual runaway activity occurring — in most capital [...]
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Recognise the Investment Opportunities ...
Posted on 12. Nov, 2008 by Chris Lang.
Anecdotal evidence suggests that consumers are cutting back on their spending around Australia. And it's likely that luxury items and overseas travel will be the most affected. A recent article in The Age expounded "The Flight to Value" — where Australian Property Monitors reported a 24% drop in the median price for Toorak Homes, in [...]
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