30 | Queensland Andrew Lynch of Commercial Toowoomba says industrial property is proving very popular in the region, with more buyers than sellers in the market. He notes, “We are selling quite a bit of property off -market, and have also seen an increase in sales for vacant industrial land.” Investors are starting to seek higher yielding assets as interest rates rise. However, Commercial Toowoomba’s Nick Koenig says, “Over 90% of our buyers are cash buyers. Others are well-established, so finance is not a problem. We have not had a contract fall over due to finance for over 12 months.” He adds, “Both the sales and leasing markets have been quite strong for the last 18 months to two years, which has seen a tightening in the amount of available property to list. We are also seeing a rise in off-market transactions as we have buyers ready to go when we obtain stock to sell or lease.” Andrew Lynch andrew.lynch@toowoomba.rh.com.au Toowoomba
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