Insights H1 2025 | 35 Luke Horton of Commercial Port Macquarie says commercial property sales and lease enquiries remain strong. “We are a rapidly growing regional centre, which has helped maintain strong demand, amid limited supply.” According to Luke, interest rates have affected most buyers’ affordability, and this has placed some downward pressure on sale price expectations “from what the asset is worth to what a buyer can afford”. However, he adds that many vendors are agreeing to meet the market to be able to move forward with a sale. This enables these vendors to proceed with their own commercial property plans. Graeme Garrett ggarrett@rhcpmq.com.au Port Macquarie Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $400 $150 $450-$750 Vacancy 10% 10% 15% Yields 7% 6% 6.5% Rates p/m² $4,500 $2,500-$3,000 $7,000-$10,000 Current market conditions $3,150,000 144 Lake Road, Port Macquarie Recent Notable Transactions SOLD $2,050,000 Unit 4/1 Chestnut Road, Port Macquarie SOLD Luke Horton lhorton@rhcpmq.com.au For more information, contact:
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