Ramifications of Post GFC Climate on Commercial Property Managers

Running head: PROPERTY ECONOMICS
Property Economics
Student Name
University Name

2PROPERTY ECONOMICS
Table of Contents
Introduction................................................................................................................................2
Analyse and evaluate the ramifications of the post GFC climate on commercial property
managers....................................................................................................................................2
Future forecasts within commercial property management sector of the industry....................6
Conclusions and Recommendations........................................................................................10
References................................................................................................................................11

3PROPERTY ECONOMICS
Introduction
The global financial crisis had a major impact on international property markets. This
report with evaluate the post GFC climate in present-day terms. It will also evaluate the
future strategies of commercial market in the coming years. The impact of GFC crisis made
the situation of option developing countries like Australia vulnerable (Bech, Gambacorta and
Kharroubi 2014). Property market is dependent on retail funds which late to further decline of
property market. This also late to the decline of equity market in Australia post GFC period.
Every firms and companies suffered huge losses during this period. Due to this housing
bubble, Sydney and Melbourne suffered the most.
Analyse and evaluate the ramifications of the post GFC climate on commercial
property managers
The global financial crisis which began in 2007 on property market had a wide impact
on Australian markets. With huge number of borrowers not paying off their loans,
commercial banks were facing difficult situation in liquidity. Despite the strong housing
sector, GDP of Australia in 2008 decline considerably. Investors were reluctant or
completely unable to acquire and progress the real estate industry without the aid of debt.
However in current situation most of the companies are active in restructuring projects rather
than in acquisitions. It can be also informed that if the real estate market where more robust
the companies could have helped their clients to buy sell and develop real estate (Xu et al.
2011).

4PROPERTY ECONOMICS
Figure 1: Change in GDP post GFC climate
(Source: Deloitte.com. 2018)
Figure 2: Sales revenue from 2006-2010
(Source: Deloitte.com. 2018)