What kind of cap rates are you seeing for retail properties in the land down under?
PS.
Does proximity to bilabongs and dingos affect the value of the property?Originally posted by Anion:Does proximity to bilabongs and dingos affect the value of the property?
I’d be more concerned with devaluation from living next to people who feel the need to ask this kind of question; it’d make living near dingoes look less painful an option!!! [whistle]
You would get higher prices if you had Koala’s and kangaroo’s in your front yard I am sure.
Happy New Year!!
Byronent
Adelaide SASydney prices are terrible, it’s all those kangaroo’s hoping down George St
Apparently there taking over the harbour
bridge and the govt is thinking of selling itMaybe put in a bid Anion at the cap rate
going cheapPR
Cap rates vary with supply and demand. Two years ago I was buying good commercial/retail properties @ 10+% cap, but those same properties would sell @ around 8-8.5% cap. High demand properties with lots of upside (ie beachside locations) can sell for below 5% cap, but these appeal to developers and speculators more than investors. This is for NZ, but I imagine Australia is similar, although I tend to believe cap rates are slightly lower in Oz.
Julian2i think the kangaroos are in the top paddock…
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