Daily Bulletin


Real Estate

  • Written by Helen Hull
Malcolm Gunning
Malcolm Gunning

The business property market will be the beneficiary of the Federal Budget according to leading real estate agency, Gunning.

Gunning Principal Malcolm Gunning said the Turnbull budget released earlier this month puts business front and centre.

“The banks have now loosened the lending criteria and are much more interested in lending on non-residential and business property,” Mr Gunning said.

“As a result of the budget, I foresee rising rents and increased demand from traditional investors into business property.

“The stimulus for business will mean more demand for rental accommodation that will drive up rents.  This combined with the move away from residential lending sees us expecting strong growth in this market segment,” Mr Gunning said.

“Ongoing tax cuts which will result in tax levels for all businesses falling to 25 per cent by 2026-27 will help to build on the level of interest in business property.

“There is currently exceptional value for business property which is drawing interest away from residential investors and into the commercial and industrial real estate market.

“I expect developers will start to move away from apartment construction into the undersupplied industrial and office sector,” Mr Gunning said.

Writers Wanted

The big barriers to global vaccination: patent rights, national self-interest and the wealth gap

arrow_forward

After riots, Donald Trump leaves office with under 40% approval

arrow_forward

Five ways Australians can save the planet without lifting a finger (well, almost!)

arrow_forward

The Conversation
INTERWEBS DIGITAL AGENCY

Politics

Ray Hadley's interview with Scott Morrison

RAY HADLEY: Prime Minister, good morning.    PRIME MINISTER: G’day Ray.   HADLEY: I was just referring to this story from the Courier Mail, which you’ve probably caught up with today about t...

Ray Hadley & Scott Morrison - avatar Ray Hadley & Scott Morrison

Prime Minister's Remarks to Joint Party Room

PRIME MINISTER: Well, it is great to be back in the party room, the joint party room. It’s great to have everybody back here. It’s great to officially welcome Garth who joins us. Welcome, Garth...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Ben Fordham, 2GB

BEN FORDHAM: Scott Morrison, good morning to you.    PRIME MINISTER: Good morning, Ben. How are you?    FORDHAM: Good. How many days have you got to go?   PRIME MINISTER: I've got another we...

Scott Morrison - avatar Scott Morrison

Business News

7 foolproof tips for bidding successfully at a property auction

Auctions can be beneficial for prospective buyers, as they are transparent and fair. If you reach the limit you are willing to pay, you can simply walk away. Another benefit of an auction is tha...

Dominique Grubisa - avatar Dominique Grubisa

Getting Ready to Code? These Popular and Easy Programming Languages Can Get You Started

According to HOLP (History Encyclopedia of Programing Languages), there are more than 8,000 programming languages, some dating as far back as the 18th century. Although there might be as many pr...

News Co - avatar News Co

Avoid These Mistakes When Changing up Your Executive Career

Switching up industries is a valid move at any stage in your career, even if you’re an executive. Doing so at this stage can be a lot more intimidating, however, and it can be quite difficult know...

News Co - avatar News Co



News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion