20 | New South Wales Commercial Tamworth leader Bob Newlan, says yields in this part of New England range from 6% for retail properties, through to 7% for industrial stock, and as high as 9% for office assets. Vacancy rates in Tamworth are as low as 2% for industrial space, 3% on retail property, and up to about 20% for office properties. Bob says the wider commercial market is seeing some signs of skepticism though this hasn’t appeared in the local Tamworth market. That said, he notes, “There has been a reduction in freehold opportunities in recent times but no doubt, financing is now a concern”. He adds, “The market remains rural based, so to some extent weather conditions are more likely to impact Tamworth compared to other issues”. Bob Newlan bob.newlan@tamworth.rhc.com.au Tamworth
RkJQdWJsaXNoZXIy MTI3ODI1