Hi all,
I'm currently looking around to buy some commercial property for investment preferably with a lease in place.
Not sure whether to buy a couple of under $400K or something around $800k. Then should I go for offices or industrial, I've looked at Brisbane, Sydney and Melbourne areas, the yield can vary from 6% to 12%.
Seems to be lots to choose from in Brisbane and Sydney, not so much in Melbourne, Brisbane would be my preferred target as I'm relatively close to there (90 Km south of NSW border) and the market may have bottomed out now.
As stated in other posts here, there's lots of vacant CP around Brisbane which means any new lease will most likely fetch a lower price than the current lease which makes me feel uncomfortable of high yield CP's for this reason. Am I right or what ?
My question is how can I find out what the going rental price is for a given area. The agents seem to give me different figures and they're always based on what they're selling.
Is there a CP Data site like RP Data anywhere ?
I'm currently looking around to buy some commercial property for investment preferably with a lease in place.
Not sure whether to buy a couple of under $400K or something around $800k. Then should I go for offices or industrial, I've looked at Brisbane, Sydney and Melbourne areas, the yield can vary from 6% to 12%.
Seems to be lots to choose from in Brisbane and Sydney, not so much in Melbourne, Brisbane would be my preferred target as I'm relatively close to there (90 Km south of NSW border) and the market may have bottomed out now.
As stated in other posts here, there's lots of vacant CP around Brisbane which means any new lease will most likely fetch a lower price than the current lease which makes me feel uncomfortable of high yield CP's for this reason. Am I right or what ?
My question is how can I find out what the going rental price is for a given area. The agents seem to give me different figures and they're always based on what they're selling.
Is there a CP Data site like RP Data anywhere ?