Buying Commercial Property

Strong demand continues to spur turnover in Brisbane’s office market, with local investment fund Sentinel Property Group and the Brisbane council’s investment arm buying into towers in the city. This article originally appeared on theaustralian.com.au/property.

This Clovelly property might not be much to look at, but it sold on one of the tightest yields of any commercial property in Australia this year.

It consistently tops the list of Victoria’s most searched-for commercial property hotspots outside of the Melbourne CBD. And agents say Ballarat is in demand for a few key reasons.

Self-managed super funds are getting the jump on new tax laws due to be introduced next year by selling off commercial properties to avoid being stung with hefty tax bills.

Macquarie Capital-backed property funds manager Logos is buying a major Sydney logistics facility occupied by Woolworths, which was put on the block earlier this year for $180 million. This article originally appeared on theaustralian.com.au/property.

A quaint fire station with one of the most intriguing histories of any emergency services building in Australia is on the market.

A Point Cook pub and gaming venue leased to Geelong Football Club has been tipped onto the market, with expectations it will fetch more than $18 million.

Health fund Australian Unity has bolstered its property holdings with the purchase of a Springvale warehouse and office complex for almost $13 million.

Eager investors have splurged more than $12 billion on office space in Sydney and Melbourne alone in one year as the cash splash on Australian commercial property continues.