Raine and Horne Commercial

18 | New South Wales Graeme Garrett of Commercial Port Macquarie says net yields in the region are around 5-6% for both retail and industrial properties, rising to 5.5-6.5% for office space. Low supplies of stock are expected to see yields remain stable. In a very tight market, Graeme says rental vacancy rates are just 2% in the industrial sector, rising to 3% for retail properties and 4% in the office market. This reflects Port Macquarie’s nature as a regional growth area located approximately four hours north of Sydney, with good local infrastructure in place. In terms of the impact of rising interest rates, Graeme says, “Our regional market has not seen any softening of prices, rentals or yields at this stage.” Graeme Garrett ggarrett@rhcpmq.com.au Port Macquarie

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