NAB: Commercial Property continue to fall

by joy.manginsay 9. August 2012 21:30

 

Last August 08, 2012, National Australia bank released the Property Survey for June 2012. According to the survey, Australian Commercial property dropped to -16 points in June quarter. Values weakened across all sectors these past months but Professionals expected to have good rental returns.

Retail Property values are expected to fall by 1.2% while Industrial sector are expected to drop by 0.9%. Office Properties also softened in June quarter but they are still expected to rise for the coming months. Despite the slump, WA Economy is still optimistic and things will pick up soon and recover.

 

Commercial Property Survey _June 2012_.pdf (188.68 kb)

WA remained Strongest State:NAB

by joy.manginsay 17. February 2012 19:07

National Australian Bank (NAB), February 15, 2012 released its Quarterly Australian Property Survey and it showed WA remained the strongest state now and over the next 2 years. Commercial Property Index still negative territory with (-6 points), but it was a slight improvement from (-13 points). WA led the entire commercial property sector including office, retail and industry segments and it’s proven by the survey that Australia’s CBD hotels and office was currently strongest in today’s conditions. According to the survey, conditions were strongest in WA but a biggest turnaround is expected in Queensland. Victoria is the weakest state as identified the very weak retail property market. WA particularly Perth are home to major international companies in which one of the factors why the state is remained strong.


 

Commercial Property Survey Summary (Dec-2011) (2).pdf (200.94 kb)

Residential Property has outperformed Commercial

by joy.manginsay 12. January 2012 21:00
These past years, Residential Real Estate has created more millionaires compared to other form of investment. Based on the Report, Asset Returns Past, Present and Future, said “Owner-occupied housing had made annual average returns of 12% over the 24 years since 1987 even when costs and taxes were factored in.” The next best asset class will be the Investor housing and owner- occupied housing had the highest returns in part because of capital gains tax exemptions. Investor housing  were followed by government bonds, term deposits and commercial property in performing better equities and shows strong returns.

According to Research by ANZ, “Residential Property has eclipsed shares as Australia’s highest returning asset class over the past 24 years, but not over next decade it will be outperformed by Commercial property.” Because of the housing shortage, many investors will take their fortune to Residential Property and house price may rise. First home buyers also will start to re enter again the market in which really helps to improve the economy.


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