In light of contradicting media headlines on the property market, Anthony advises that there are still good yields to be achieved in Melbourne. Property is cyclical, so contrary to popular opinion, there is never really a “bad time” to invest, only shorter and longer-term strategies in play. For those looking to invest now, competition is rising in commercial property and the average yields are around 5 to 6%.
Anthony’s top tip is to avoid chasing yields. Although investors are driven primarily by ROI, to grow wealth sustainably it’s important to understand the local market and weigh up both the advantages and disadvantages.
In Melbourne at the moment, office and industrial spaces are in high demand and Anthony recommends investors seriously consider commercial property over residential investments.
Read the full article here for more details on the current opportunities in commercial real estate.