Commercial, industrial and retail all in slow upswing

Commercial, industrial and retail all in slow upswing
Commercial, industrial and retail all in slow upswing

Currently, commercial property in Sydney and Melbourne has commenced the upswing, with Brisbane at the bottom of the cycle although shortly to move off that base, according to The Australian Property Institute’s Australian Property Directions Survey.

"Residential property in all three cities is on the upswing of the property cycle with Sydney and Melbourne further along the upswing than Brisbane," the report notes.

2014

Commercial, industrial and retail all in slow upswing

Source: The Australian Property Institute

In 2015, Sydney and Melbourne will be the cities furthest along the upswing in terms of commercial property.

Industrial property will also move further along the upswing, however Brisbane remains stable.

2015

Commercial, industrial and retail all in slow upswing

Source: The Australian Property Institute

“In 2015, retail property in the three cities is seen as having moved further along the upswing of the property cycle,” they note.

Moving on to 2016, all property classes in Sydney, Melbourne and Brisbane are likely to be further on in their upswing, with the exception of Melbourne’s industrial property, which remains at 2015 rates.

2016

Commercial, industrial and retail all in slow upswing

Source: The Australian Property Institute

However, will commercial property exceed CPI over the next 12 months?

Commercial, industrial and retail all in slow upswing

Source: The Australian Property Institute

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

Tags: 
Commercial

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