The story of 54-58 Wells Street, Frankston, serves as a compelling case study highlighting the critical importance of recognising when capital expenditure is needed in the realm of commercial real estate.
The Reserve Bank of Australia has opted to leave the official cash rate on hold at 1.5%, just 11 days out from the federal election. The Board hasn’t made a move on rates in over 30 months, since it decided to cut interest rates from 2% to 1.5% in August 2016.