Australian Capital Territory | 7 Angus Raine, Executive Chairman of Raine & Horne Commercial says that across the region, retail and industrial properties are yielding 5-7% on average, while office property yields range from 6-8%. These yields are expected to remain stable through the remainder of 2022. According to Angus, a number of factors are driving the commercial property market in the ACT. He points to the savings of zero stamp duty on properties under $1.6 million, which is contributing to the government providing a safe haven for investors. In addition, Angus says the increasing population of Canberra and surrounds is driving demand for commercial space. Angus sums up the market saying, “The ACT had done well compared to other states during the COVID pandemic. High vaccination rates and limited lockdowns have ensured that all sectors have performed reasonably well. We are continuing to see new businesses opening up, and existing businesses expand their operations, and we expect this to continue throughout 2022.” Commercial ACT
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