Raine and Horne Commercial

QLD - Hervey Bay GrahamCockerill of Commercial Hervey Bay says return on investment is the main driver of the market at present. Current average yields in the area are 9% for retail property, and 7% for both industrial and office assets. “Due to low interest rates, we expect these yields to fall over the course of the remainder of 2021, while owners should see the capital values of their commercial properties improve,” says Graham.” “As we depend on tourism in this region, our commercial markets were impacted by COVID-19. However, we are starting to see a rebound and we expect sales and leasing activity to collect speed into 2022.” 26 - Graham Cockerill graham.cockerill@herveybay.rh.com.au