Findings from IPD have provided a welcome boost to the Australian commercial property market.
The Australian commercial property market received good news this week after it was revealed that total annualised returns reached positive levels for the first time in a year-and-a-half.
This is according to findings from property research organisation IPD, with the positive figures relating to March, Reuters said.
A one per cent growth was recorded on total returns, which includes both income and capital growth for every type of property.
While this was the only positive figure recorded since September 2008, there are warnings that a recovery in the Australian commercial property market could be hampered by the European debt crisis.
Anthony De Francesco, IPD's Australia and New Zealand managing director, said a "negative impact" can be expected following the events in Europe.
"And it could actually mean that the return profile, while it's actually continuing on with this recovery, will actually be hampered in the sideways," the news provider reported him as saying.
According to IPD and the Property Council of Australia's Property Index, the value of the country's property market stood at $88.4 billion (£51 billion) in December 2008.
Posted by Steve Douglas
The Australian commercial property market received good news this week after it was revealed that total annualised returns reached positive levels for the first time in a year-and-a-half.
This is according to findings from property research organisation IPD, with the positive figures relating to March, Reuters said.
A one per cent growth was recorded on total returns, which includes both income and capital growth for every type of property.
While this was the only positive figure recorded since September 2008, there are warnings that a recovery in the Australian commercial property market could be hampered by the European debt crisis.
Anthony De Francesco, IPD's Australia and New Zealand managing director, said a "negative impact" can be expected following the events in Europe.
"And it could actually mean that the return profile, while it's actually continuing on with this recovery, will actually be hampered in the sideways," the news provider reported him as saying.
According to IPD and the Property Council of Australia's Property Index, the value of the country's property market stood at $88.4 billion (£51 billion) in December 2008.
Posted by Steve Douglas
