Commercial property market 2009 / 2010 Outlook

| July 3, 2009

Year 2008:

The roaring pace with which the commercial property markets developed momentum in the final months of 2007, has come to a grinding halt, as the full effects of interest rate rises, share market volatility and a dip in business and consumer sentiment takes its toll on a stunned market.

The sky is not falling in, experts agree, despite a faltering US economy, but the performance of the local investment market may be patchy until the second half of the year, with another surge expected in the fourth quarter.

Realestate putlook 2009 2010“It’d be silly to think every country around the world wouldn’t be influenced by issues in the United States economy at present,” said Macquarie Bank director, property investment banking, Guy Nelson. “It’s the biggest economy in the world, and so any downturn will have a ripple effect in Australia.”

Mr Marasco anticipates total investment sales in 2008 to match 2007, when a record $4.9 billion in commercial property was transacted.

Almost half that amount of property sold in the last quarter of 2007, according to industry research.


January 22, 2009:

THE city’s housing market is showing signs of emerging from its slump as the first home buyers grants begin to make their mark.

Local agents have reported a busy start to the year with calls to their firms by prospective owners skyrocketing.

The Real Estate Institute of Queensland’s Far Northern Zone chairman Rick Szelpuk estimated inquiries had increased "five-fold" since the beginning of the month.

He said many people entering the market were looking to spend within their means.

"There’s a lot of activity in the lower end of the market," Mr Szelpuk said.

"First home-buyers are looking to buy in their comfort zone. Unit activity has increased markedly

commercial property 2009


Retail Property Market, 2009-2019

This is the twelfth comprehensive study of the Australian retail market undertaken by BIS Shrapnel.
The report focuses on the main classes of institutional investment in the retail sector. Prospects for regional and sub regional shopping centres are specifically considered

commercial property 2010


The commercial property market is 12 months into a cyclical downturn. The previous significant commercial property downturn lasted for three years, from 1990 to 1993, and saw commercial property values fall by 33% on average.
This paper examines the current market property downturn and draws comparisons with the downturn of the early 1990s. There are many superficial similarities between the two cycles but also important differences.

> Office markets are likely to perform better in the current cycle compared to the last downturn.

2009 – not all doom and gloom – market comment from property professor Peter Koulizos

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Category: A-reit, Business property, commercial rpoperty, property outlook, Property sector, Real Estate, REIT

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