What does the commercial property landscape look like post COVID?

Melbourne is currently in the midst of generational change, where people who bought property in the 1950s and 1960s are now estate-planning and selling properties in order to divide the proceeds between children and grandchildren.

Abacus Property Group has continued the expansion of its burgeoning self-storage portfolio, with the acquisition of a modern facility in the epicentre of Wollongong’s most sought-after industrial precinct.

The year 2019 was "one of the stronger in recent times" for the Illawarra's commercial property market. Tim Jones, managing director of commercial sales at MMJ Wollongong said there was a sentiment that "not everything's going to the open market now - there's a fair bit of off-market activity".

186-190 Lygon Street, Carlton, a former hotel and now commercial office building has sold for $6.8m, the first and only sale on the iconic strip for 2019. The imposing corner freehold was offered as a blank canvass, appealing to occupiers, investors and developers.

If you’re looking to invest in real estate it is important to understand the current market trends.   Here’s a rundown of some of the key market indicators and what they might mean for you.