Have you ever considered taking on a commercial property investment? Or owning your own commercial premises. At least one major bank is predicting increased demand in this sector.
According to a report in the Australian Financial Review, a forecast from the Commonwealth Bank for 2016 predicts moderating levels of residential construction, particularly in the apartment sector, will result in development sites turned over for commercial use.
“The easing in high density apartment development is likely to see an increase in the sale of sites once earmarked for residential projects,” CBA head of property strategy and research Kevin Stanley said in the forecast.
“The popularity of commercial property as an investment is set to increase further in 2016, amidst volatility of global and local financial markets,” Stanley said.
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