Whether it be residential real estate when attending a family BBQ or Commercial and Industrial Real Estate when attending a business luncheon, the fact is real estate seems to be high on the agenda in any economic discussion.
As Principals and Directors of Raine and Horne Commercial Brisbane Southside and Bayside, we can confidently say the market is moving. Recently we conducted our 2015/2016 Company’s Annual Report Card and Awards Ceremony at Canvas Bar, Woolloongabba.
At our meeting we looked extensively at the sub $10 million market in our core areas of expertise. These areas include the Western Corridor (Wacol to Darra), Central South (Rocklea to Acacia Ridge), Logan/Gold Coast North (Underwood to Yatala), City Fringe (West End to Coorparoo) and Bayside (Capalaba to Cleveland).
When considering market movement from year to year our research team noted some of the following key stats that have occurred from 2014/15 to 2015/16:
There is no doubt that record low interest rates are playing a major role in more sales occurring. Tenants are becoming buyers again, and with a further RBA rate drop recently occurring we don’t see this changing in the second half of the 2016 calendar year.
What we are seeing is:
At our Annual Report Card Meeting we also celebrated the achievements of a number of staff.
Key Award winners were:
The 2016/2017 Financial Year will no doubt be another interesting year in commercial and industrial real estate with plenty of movement expected. If you would like us to take an in depth look at your property and where it sits in today’s market, please contact our office on 07 3216 6666.
Director / Principals of Raine & Horne Commercial Brisbane Southside and Bayside