Latest updates

The latest ABS data release on building approvals has recorded some encouraging results for commercial sectors, up 2.0 per cent in contrast to residential dwellings which have shown a 4.0 per cent decrease in terms of value, seasonally adjusted.

In 2022 we saw Australian commercial sales transaction levels decline as interest rates increased, seeing a number of buyers exit the marketplace.

A successful $9.28 million sale of a Gladstone office building is just the latest result from collaboration between Ray White Commercial Queensland agent John Dwyer and Ray White Commercial Gladstone principal Andrew Allen.

A prominent Wanneroo retail centre has been snapped up for $26 million.

A 668sqm retail property in the heart of Paddington has sold under the hammer for $2.8 million.

Ray White Commercial Queensland agent Brocke Hambrecht sold three out of three properties under the hammer on Thursday, totalling $5.65 million.

Top commercial property predictions for 2023

During 2022 we have seen volumes fall by 30 per cent as the steam has come out of the investor market given the growing interest rate environment.

A 19 unit industrial complex in Pinkenba has sold out for more than $17,500,00.

Sean Hennessy is coming home, taking up a new role as Director of Office Leasing at Ray White Commercial QLD.

The commercial property market saw a swift slow down in transaction activity earlier this year as interest rates made their first upward movement.

Hundreds of people tuned in to listen to Ray White Commercial’s final Between the Lines Live webinar for 2022, as this month’s experts discussed pubs, tourism, and financing.