We have developed a great reputation in the residential sector. Sometimes, our residential reputation makes people forget that we are also commercial loan brokers at Smartline Rockingham. We think this is an important reminder to real estate investors because if they aren’t at least taking a look at commercial property, they may be throwing away lucrative investment opportunities.
How Does Commercial Property Perform?
According to Tim Lawless, Head of Research for CoreLogic RP Data, Australian commercial property has enjoyed the same growth as residential property. In some places, residential property has risen up to 77% since 2008. Similarly, Australian commercial property has topped $20 billion in sales for three consecutive years. When the numbers are in, Mr Lawless expects the total for 2015 to be in excess of $25 billion.
Where Mr Lawless sees a difference in commercial property compared to residential property is that commercial property doesn’t seem to be “flattening” or slowing in growth. According to the Australian Property Institute, commercial property sales will continue to grow in the foreseeable future. While Melbourne and Sydney could hit their peaks in 2017, the rest of Australia appears to show great opportunity for even more growth.
Don’t Try This Alone
If you are a first time investor, it is important to talk to experts on commercial investments. It can be a huge leap from single family homes to large commercial properties but it can be worth the investment if done correctly.
In the commercial sector, there are some extra factors to consider. Do you want your form of asset to be industrial, retail or office? How has it historically performed? What will the maintenance cost? How will your leases work?
Talk to the Commercial Loan Brokers at Smartline Rockingham
Once you have consulted a financial expert and have done your due diligence, it’s time to find a business finance or commercial loan broker. At Smartline Rockingham, we have been the area’s leading broker since 1999. We can help you get the financing you need to kick-start your commercial property investment career.
Call us today: (08) 9527 1800.