Commercial Property Market value in Sydney, Australia | PPT

Commercial Property Market value
in Sydney, Australia
• Australian commercial market aims to achieve double digit
returns in 2020.
• The banks and its lowest interest rates on commercial
property purchase accelerates the success of the mission.
• He downturn in he commercial sector has been noticed in
2018 due to the brake in real estate sector
• In the year 2019, the growing economic rate has ensured that
the industry keeps moving without breaking its pace.
• The cost of transactions in metro markets grew up during the
year 2019 and the demand in business hotspots like Sydney
steal the limelight.
• With a 2.1% rate of economic growth in 2019, things have
been looking optimistic for the commercial sector (Ooi et al.,
2015).
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Commercial Property Market value in
Sydney, Australia
• Investors considers commercial properties
as high-yielding assets
• As per the report of Knight Frank’s
Outlook 2020, the RBA will cut interest
rates nearly to zero to attract investors
(eliteagent.com, 2019).
• Companies like Amazon made a huge
client base which caused the downward
fall of the retail market sector in Sydney.
• The support from developing
infrastructure and big projects like
Sydney’s Northwest and Southwest metro
rail is further enhancing the confidence of
buyers in commercial sectors of Australia.
• The NSW Department of Industry is
actively working for the growth of
economic sector in Australia.
(System,
2019)

Commercial Property Market value in Sydney, Australia
 Westmead Precinct: The Westmead Precinct is the leading health hub in NSW at present.
The Westmead Precinct is a principal source for service and business expansion.
 Western Sydney Aerospace Precinct: The NSW Government, in a joint venture with the
Australian Government, is running this aerospace and defense industry which aims to incur
$15 billion of gross value added over in the upcoming 30 years.
 LaunchPad: It is a program that offers conveniences aid, and funds for start-up businesses
and developed technology businesses in Western Sydney.
 NSW Government’s Decentralisation Program: The NSW Government is promoting the
long-debatable Decentralization policy intending to shuffle public sector employments from
the Harbour CBD to other divisions of Greater Sydney especially by keeping a centre of
attention on Western Sydney. The main objective is to reposition and merger of more than
3,000 public servants to Parramatta, Liverpool, and Penrith to encourage economic
expansion and to provide them jobs that are closer to their homes (Durette, 2018). 3