Its times like this that we can easily see the benefits of investing long term in Brisbane property and particularly commercial and retail property. On average, investors keep the commercial property for about 5 to 7 years; sometimes longer. After that, they know what they can do with it when it comes to diversity, enhancement, or repositioning. That is where investment strategies can bring value to a property or property portfolio
Investment changes can be in buying more properties, and or to sell, develop, or refurbish. Some property owners use the capital gain from their investments over time to refinance or improve their portfolio. Commercial and retail property is interesting and sometime challenging. It is supported by business sentiment and local area demographics.
Investment Strengths and Weaknesses
Certainly, mistakes are made by some investors (as in all investments) but the retail and commercial property market remains a solid investment vehicle over time for many astute investors. Why is that? It is not hard to understand; it just takes a bit of knowledge and ongoing market research. The returns from commercial and retail property are generally better than residential property over time although the higher cost of the asset class can delay some people from entering the market.
Know Your Location and Property Types
What can you do with this in Queensland? Do your research into the property types and see what appeals to your plans. Find a good real estate agent that knows the location, the property types, rents, prices, and the changes of activity in a location. Here is a checklist to help you do that:
- What property types do you know something about?
- Can you focus on quality investment property in your location?
- Have you visited your bank or financier to assess your lending position?
- Can you hold your assets for the longer term or are you a short-term holder?
If you need help with any of these concepts in Brisbane or Queensland, contact Specialist Commercial Agent, John Highman on 0417221108