Ongoing Property Trends for the New Year

The new year is coming, and most of us are already doing well in our business and at work. Ahead of the new year, new changes in the economy and the real estate market are coming, and experts are constantly monitoring the latest trends in prices and sales of commercial real estate.

Here are the main news on what is happening now in the world of commercial real estate:

Increase in the value of commercial real estate

Commercial value in Sydney’s central business district rose 2.4 per cent in the year to June 30, 2010, and is expected to continue to rise throughout 2011. the value of commercial real estate compared to the previous financial year. Although commercial sales are currently high, the situation is expected to change at the end of 2011 due to future interest rate increases. These are important considerations for those who want to buy commercial property in the coming months, and for those who are engaged in property management. Sydney will also be a hotspot for commercial property growth in 2011 as the continued development of Westfield continues to generate interest in the sector.

Jobs and unemployment rate

The number of vacancies has increased, unemployment has decreased, and surveys show that the number of different advertised vacancies increased by 3.2% in 2010. The number of vacancies across the country has also increased. Last year, that once again shows the strengthening of the Australian economy. . Additional employment opportunities are also good news for businesses, which means employers are hiring new employees to grow their businesses.

The flooding of the zld that reveals the best in the business

In light of the recent flooding in NSW, businesses close to affected areas are digging deep into intervening to help other businesses as part of the Save the Business campaign. While Brisbane’s offices have not been hit much by flooding (compared to residential buildings), things such as underground car parks and underground structures have been affected, meaning many businesses have experienced disruptions. Creative Intersection, a small business based in Brisbane, has launched a saveabusiness website which allows businesses to register the facilities and services they want to provide to other flood-affected businesses, such as space from office to service points, phone lines and the internet. access and computers.

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