How Dubbo’s commercial market has fared during the coronavirus pandemic: HTW

The impact of the COVID19 pandemic on the industrial property sector in the Central-West has been relatively minor in comparison to the retail and office property sectors, according to the latest report from valuation firm Herron Todd White.

The April report found that, despite the users of industrial properties mostly continuing to function, the largest impact has been on the volume of transactions.

The findings suggested that sales and rentals have come to a standstill due to the current economic.

“This impact appears on top of limited sale enquiry - in Dubbo in particular, where prior to the pandemic, auction sale clearance rates were averaging 30 per cent for industrial sector properties,” the firm concluded.