Queensland | 25 Trent Bruce of Commercial Brisbane North, says yields on commercial property in the area are typically 4.5-6% across the board. Trent explains, “There remains a strong shift for tenants to move to owner occupier status due to the availability of cheap funding. Even with rate increases it will be cheaper to buy than lease for some considerable time moving forward.” In addition, Trent is seeing strong buyer interest from interstate investors chasing higher yields than those on offer in the southern states. The industrial asset market is especially strong, with vacancies below 2%, and no sign of the market slowing throughout 2022. “Our market continues to be influenced by strong interstate migration and investors from Sydney and Melbourne,” notes Lee. “Interest rates remain low with excellent conditions for investors and owner occupiers. Our auction clearance rate for 2021 was in excess of 90%, and we see no reason why the market will not continue to shine throughout 2022.” As a guide to recent sales, the team at Commercial Brisbane North secured the sale of 3-5 Hinkler Court, Brendale – an industrial complex, for $5.22 million. A freestanding office/commercial building at 3 Gregory Terrace, Spring Hill sold for $3.5 million, and 723 & 725 Albany Creek Road, Albany Creek, a retail/medical building with 10 tenancies, sold for $8.3 million. Trent Bruce trent.bruce@rhc.com.au Brisbane North
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