Market Commentary – March 2015

by admin-king | 27th March 2015

King & Co Property Consultants has experienced a strong start to 2015 with noticeable increase in sales activity particularly for industrial properties under $2.0m.

Despite some negativity in the media we are seeing growing business confidence. There is clear evidence of steadily increasing inquiry from prospective buyers and tenants particularly for small to medium properties.

With the Queenslandstate election now well behind us and a new government appointed a clear economic statement is expected in the near future. This will be important as it will indicate the new government’s attitudes towards economic growth and business. Recent positive statements about infrastructure and jobs are a welcome sign.

Interest rates remain at an all time low and the Reserve Bank’s February decision to hold interest rates is positive. With the AUD/USD exchange rate around the 74-78c mark we can expect more activity from manufacturers, exporters and commodity businesses.

Limited investment stock and strong demand means it is an ideal time to sell. For investors, the low interest rate environment means it is the perfect time to buy with quality industrial investment property providing very strong positive cash flow.

2015 is looking good so far!!

Wayne Robson CPA MREIQ
General Manager

 

 

 

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