Private property investors have the chance to do well in Australia over the coming years if they pick up small retail assets, strata-titled offices and other similar properties, it has been suggested.
David Rees, regional director and head of research at Jones Lang LaSalle, explained in a statement to the Australian newspaper that, over the next few years, market recovery will be unevenly spread.
He said that, while private investors may have the chance to succeed, syndicates could face problems when it comes to refinancing and will face pressure to sell.
"Investors who are willing to take a medium to long-term total-return view can reap the rewards of a market upturn as business confidence returns over the next few years," the newspaper reports Mr Rees as saying.
He said that some fringe office markets in particular could offer attractive long-term rewards.
Investors hoping to buy Australian properties now may want to consider looking in Sydney and Canberra, according to Rismark International managing director Christopher Joye in an interview with the Australian newspaper, as the markets in these areas are the best performing in the country.
Posted by Steve Douglas
