The Wall Street Journal / September 20th, 2016
Wall Street Journal reports: An inflow of capital from foreign investors is pushing up prices for commercial property and changing the competitive landscape in Australia. Now, a number of local real estate investments trusts have are broadening their search to once-ignored properties like college dorms hospitals and car yards.
Leading this shift toward more foreign assets are falling capitalization rates for some of the major property sectors – office, industrial and retails. They were nearly at record lows before the global financial crisis.
Data from Real Capital Analytics (RCA) shows commercial-property sales in Australia fell 57% to $10.2B in H1’16.
View the full article in The Wall Street Journal: Once-Ignored Properties Get a Second Look in Australia