Prices of commercial property in some areas of Queensland have fallen, meaning that now could be a good time to get a bargain.
Now could be a good time to buy commercial property in Queensland, as figures show that prices have fallen.
Land valuations released by natural resources minister Stephen Robertson show that strong sales and growth in value continued in the residential market.
They also highlighted that commercial and industrial property prices had fallen in recent years, meaning that it may be a good time to snap up a bargain.
The data for 23 of the 73 local government areas for Queensland showed that between 2008 and 2010 the Gold Coast saw a 16 per cent drop in commercial property values and a five per cent decrease in residential prices.
However, residential Australian property owners in Brisbane City saw values rise by 11 per cent on average in the same time period.
Recent figures from the Australian Bureau of Statistics showed that building of new Australian property rose by 15.1 per cent in the December quarter.
Posted by Steve Douglas
Now could be a good time to buy commercial property in Queensland, as figures show that prices have fallen.
Land valuations released by natural resources minister Stephen Robertson show that strong sales and growth in value continued in the residential market.
They also highlighted that commercial and industrial property prices had fallen in recent years, meaning that it may be a good time to snap up a bargain.
The data for 23 of the 73 local government areas for Queensland showed that between 2008 and 2010 the Gold Coast saw a 16 per cent drop in commercial property values and a five per cent decrease in residential prices.
However, residential Australian property owners in Brisbane City saw values rise by 11 per cent on average in the same time period.
Recent figures from the Australian Bureau of Statistics showed that building of new Australian property rose by 15.1 per cent in the December quarter.
Posted by Steve Douglas
