Headerprintablecomm

Commercial Newsletter

PDF's: Iconpdf
Raine & Horne Acumen Newsletter

 

After the challenges of 2009, Raine & Horne Commercial CEO, Angus Raine expects 2010

to present cashed-up buyers with opportunities on the back of improved confidence in the
Australian economy and overall business prospects.
Joseph Grasso, principal of Raine & Horne Commercial Brisbane Southside, says Brisbane’s
industrial market is rebounding strongly on the back of investor confidence. “2009 was
spasmodic as a result of the GFC,” says Mr Grasso. “However market sentiment has turned
and we are seeing a noticeable increase in inspections and enquiries.”
“We have listed a $1.5 million property, for example, which we are marketing via email to our
database only. Already we’ve received 60 enquiries. We wouldn’t have seen interest like this in
2009, in particular in January, when it is traditionally quiet.”
The ongoing squeeze on bank credit remains a challenge, although Mr Grasso remains
confident additional competition could free up lending. Dennis Wey, Raine & Horne
Commercial Beenleigh, says funding for commercial projects must be made available pronto.
“I don’t understand why the banks and government aren’t allowing projects and financing to
go ahead. In saying that, it will create shortages,” explains Mr Wey.
On the flipside, the leasing market has started the year strongly in Brisbane. “This is unusual
for this time of the year – but a good indicator of improved confidence.”

Improved confidence driving market rebound

After the challenges of 2009, Raine & Horne Commercial CEO, Angus Raine, expects 2010 to present cashed-up buyers with opportunities on the back of improved confidence in the Australian economy and overall business prospects.

Principal of Raine & Horne Commercial Brisbane Southside, Joseph Grasso, said Brisbane’s industrial market wasrebounding strongly on the back of investor confidence.

“2009 was spasmodic as a result of the GFC,” Mr Grasso said. “However market sentiment has turned and we are seeing a noticeable increase in inspections and enquiries. We have listed a $1.5 million property, for example, which we are marketing via email to ourdatabase only. Already we’ve received 60 enquiries.

"We wouldn’t have seen interest like this in 2009, particularly in January, when it is traditionally quiet.

The ongoing squeeze on bank credit remained a challenge, although Mr Grasso was confident additional competition could free up lending.

Raine & Horne Commercial Beenleigh's Dennis Wey said funding for commercial projects must be made available quickly.

“I don’t understand why the banks and government aren’t allowing projects and financing to go ahead. In saying that, it will create shortages,” explains Mr Wey.

On the flipside, the leasing market has started the year strongly in Brisbane. “This is unusual for this time of the year – but a good indicator of improved confidence.”

read more... [pdf download 252kb]

Footerprintablecomm