Business
Can Australia’s commercial property market keep riding high? – The Australian Financial Review
So far, there have been very few distressed sales, but bankers warn that this situation could change in coming months.
Indeed, why are there virtually no distressed sales of commercial properties, even though so many of the the country’s small- and medium-sized businesses have seen their revenues evaporate as a result of the pandemic?
One senior banker told me there was an easy explanation for the extraordinary resilience of the commercial property market to date. “The market mechanism has been suspended,” he explained.
“There was some distressed selling in the immediate aftermath of the GFC, but a lot of it t…
-
Noosa News24 hours agoSunshine Coast Influencer accused of drugging baby for social media attention faces bail breach allegations
-
General24 hours agoPrime Minister Anthony Albanese attacks Peter Dutton and calls on Australians to vote for stable leadership
-
Business18 hours agoFor Tesla shares, the future rests on autonomous driving and robotics
-
General17 hours agoMan rescued from Mount Fuji twice in one week after going back to retrieve his phone