Where to Invest … Right Now!

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Last week, you are given a quick overview of the CBD Office scene around Australia. But one of the tightest spots at the moment is the south-eastern Office market in Melbourne.

A recent study by Jones Lang LaSalle revealed there is only 12,200 m2 of space currently under construction — mainly as a result of cautious financiers not being prepared to support speculative development.

As such, vacancies will fall significantly over the next year or so.

UniparkAlready, you’re seeing gross rentals hovering around $300 per square metre; and yields are firming between 8% to 8.5%.

Therefore, as and Investor, Melbourne office you are the ability to secure your position and ride the up turn from now on.

Most other capital city Office markets still need to bottom out. And this may take them another 12 to 18 months before their recovery phase actually begins.

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