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Commercial property hotspots re...

Commercial property hotspots revealed

Australia's property hotspots have been revealed in a new report by international property advisors DTZ.

Australia's property hotspots have been revealed in a new report by international property advisors DTZ.

It shows that commercial property in Australia is heating up with retail property on the Gold Coast doing particularly well alongside industrial properties in Melbourne, smartcompany.com.au reports.

The latest DTZ Fair Value Index shows that the state capital cities Melbourne, Brisbane and Sydney now all contain solid industrial assets.

Brisbane and Sydney, however, contain premium office properties whereas the Gold Coast boasts some of the best-value retail assets in the country.

DTZ research director David Green-Morgan told the website: "There is quite a lot of opportunity all around the country and the market is holding up quite well, despite the rise in interest rates which is pushing up bond rates."

Back in August, a panel of experts carefully selected by API magazine identified Queensland as containing a high number of Australia's top 100 property hotspots.

Posted by Craig Francis

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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