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Bendigo experienced a marginal increase in commercial activity throughout October, after a reasonably quiet September.
Whereas REITs once preferred office towers, shopping malls and category killer ‘big-box’ type real estate, inflows of foreign investment capital have pushed up prices, thereby forcing REITs to search farther afield for yields.
When is the right time to buy your own office?
As a business owner, you may consider this question many times throughout the life of your business. For a period of time, leasing a property may be the right decision for you and your company. Leasing provides many benefits including from flexibility to freeing up cash flow. When business is good, the economy is strong, and the stars align you may consider buying a commercial property.
Simon Russo of First National Commercial Hills Central (Castle Hill, NSW) reports that demand for serviced industrial land in western Sydney just continues to increase.
Commercial market conditions remain unchanged in Far North Queensland where First National Commercial Cairns has recently sold one of three strata industrial units in Portsmith, with a strata area of 375 square metres, for just under $600,000.
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