Commercial property sentiment on the rise in Q1 2014
Sentiment regarding commercial property can be an important indicator of where the market is heading, and based on recent figures, it seems that confidence is on the up.
NAB's most recent Commercial Property Index rose to its highest level since the final quarter of 2011, showing the first quarter of 2014 had much to offer investors eyeing up commercial space in Australia.
While retail sentiment was far from booming during this time period, NAB reported it was on the rise. The best performing locations for retail in a CBD were found in Victoria, while the Northern Territory tied with South Australia for best performing retail locations in neighbourhoods.
This is particularly good news for people considering buying commercial property in NT, as NAB found that confidence is a particularly important issue in the territory.
While stock concerns were highest in Western Australia, New South Wales and Victoria, and Queensland was most concerned regarding staff, both South Australia and the Northern Territory were most worried about government and consumer confidence.
Whether you're in the market for retail space in Winnellie or warehouse property in Berrimah, now might be a good time to explore your options.