Just three months into the new year and Australians seem cautiously optimistic that we're firmly on a path beyond the pandemic. There is light at the end of the tunnel with the vaccine rollout progressing and state's borders remaining open (as at the time of writing at least).
That said, we have seen some challenges already this year – our thoughts are particularly with those impacted by recent weather events. We hope they receive the support needed to recover and forge on after this challenge.
Our March 2021 issue of Month In Review looks at how property markets are changing, particularly given the atmosphere of positivity about the year ahead.
To kick off our commercial section, Herron Todd White specialists – Chris Winter in Adelaide and Greg Lamborn in Perth – break down exactly how the pandemic has influenced industrial investment in Australia, especially away from the eastern seaboard.
In our main commercial submissions, Herron Todd White experts provide their perspectives on how local industrial sectors will perform this year, including:
· Early indications of Sydney’s industrial market returning to pre-COVID levels of demand,
· The expiry of notable leases in Brisbane that could prove challenging in 2021,
· The ‘pandemic boost’ delivered to Cairn’s industrial property.
In the residential section, our valuers have compiled an ‘Investor’s Handbook’ for 2021. Notable stories include:
· The diversification of Sydney investors toward the south-west of the city,
· An increase in Gold Coast investors buying assets they plan to ultimately live in,
· The strength of Perth’s market despite lockdowns and border closures.
Our rural professionals have presented an overview of how their property markets are performing. Our specialists have also identified those factors key to driving property prices for our primary producers.
Please enjoy the March 2021 edition of Month In Review.
Gary Brinkworth, CEO
Source: Herron Todd White