Looking to purchase first commercial property

Discussion in 'Commercial Property' started by samlove, 17th Aug, 2016.

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  1. Justin Morris

    Justin Morris Well-Known Member

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    What's the latest in Commercial Property? My girlfriend's friend is reasonably successful in Thailand and is interested in investing in the Australian commercial market
     
    Justin Morris, 27th Apr, 2017
    #21
  2. The Y-man

    The Y-man Moderator Staff Member

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    With all due respect, that's kind of like asking I want to buy a house in Australia - what's the latest....

    But here is Cromwell's analysis:
    The 2017 Australian Commercial Property Outlook - Cromwell Australia

    The Y-man
     
    The Y-man, 27th Apr, 2017
    #22
  3. Justin Morris

    Justin Morris Well-Known Member

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    Thanks mate. Just want get as much he home assistance as possible for my girlfriend's friend. I have contacted CBRE and Colliers International too...
     
    Justin Morris, 27th Apr, 2017
    #23
  4. The Y-man

    The Y-man Moderator Staff Member

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    What sort of budget are we talking?

    The Y-man
     
    The Y-man, 27th Apr, 2017
    #24
  5. Justin Morris

    Justin Morris Well-Known Member

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    Yet to confirm.. but I believe 10 mill
     
    Justin Morris, 27th Apr, 2017
    #25
  6. The Y-man

    The Y-man Moderator Staff Member

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    Ok - that brings it into pretty realistic territory - several serious options in that range.

    Find out if existing experience in office, retail, industrial (clean) or industrial (dirty)

    The Y-man
     
    The Y-man, 28th Apr, 2017
    #26
  7. Beano

    Beano Well-Known Member

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    He should just come over and talk to a few commercial agents.
    It is pretty hard to pass advice and knowledge when you are not up with the play.
    Ten million would get you into the small guys commercial market $25m to $30m.
    It is pretty crowded in this range as it is pretty affordable by many small investors.
    Down under the yield compression has made (i feel) investments pretty risky (interest rate rises and downturns)
    Also the banks are pretty tough on credit and pushy towards P and I. ...and that is to us locals
    I suspect even tougher to non residents
    When is his next trip down under?
    Personally I am having second thoughts on further investments a slight increase in interest rates combined with increased principal payments would deplete my little piggy bank.
     
    Beano, 29th Apr, 2017
    #27
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