July 2016 – Gold Coast Half Year Transactions Wrap

31 July, 2016 / Vanessa Rader

During the first half of 2016 there has been over $285 million transact in commercial sales (105 deals) across the Gold Coast which is well down from the $715 million which changed hands over the same time period in 2015.

This reduction in total volume is due to less residential development and hotel assets coming to market, rather than a change in investment sentiment. Despite this limited available stock on the market, investment in high demand hotel and leisure assets represented 39.72% of all sales followed by (53) industrial sales totalling $56.27 million and office sales of $52.91 million. Demand for quality retail assets are also high resulting in yield compression with an average ranging between 4.00% and 8.00%, over this six month period there was 23 sales recorded representing $47.87 million.

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