New South Wales | 15 Across the Newcastle region, current yields are averaging 5.3% for retail property, rising to 5.5% for office assets and 6% for industrial space. Warren Plumb of Commercial Newcastle expects these yields to rise as we head through 2022. According to Warren, the retail market in Newcastle has seen a moderate uptick in market activity since the lifting of lockdowns in late 2021. He expects the industrial market to lift substantially given the lack of industrial land in the Newcastle area. Warren expects only a slim change in the office market as we progress through the year. A low supply of land on the Central Coast – and more affordable prices than Sydney, is driving the market. Warren Plumb warren.plumb@newcastle.rhc.com.au Newcastle
RkJQdWJsaXNoZXIy MTI3ODI1