Ray White Now

There are fewer properties coming to market but the ones that are have been taking longer to sell. Days on market hit an historical low in June last year, hitting an average of 22 days.

During the COVID-19 period, we saw an influx of new buyers enter the commercial market arena. Low interest rates, rising residential prices and uncertainties in the stock market made commercial property an interesting prospect for diversifying investors.

The Reserve Bank of Australia (RBA) this month announced the cash rate moved up 0.25 basis points to 3.85 per cent.