Australia’s dollar may be considered high compared with other countries, but that hasn’t dampened overseas Investors who are clamouring to buy up our Commercial property.
And this only serves to confirm Australia’s “safe-haven status”, being closely aligned with the Asian region. [Read more…]
h3. And Rentals are Set to Rise …
The recent boom period saw prime Office rentals in Brisbane, Sydney and Perth hit the $1,000 per sq metre mark. However, they have fallen dramatically from that peak, since mid-2008
Meanwhile, Melbourne has remained steady at around $750 per sq metre — mainly because most of its new development has occurred in pre-committed medium-rise buildings, within the Docklands precinct.
[Read more…]
