Writing Resources
As Colliers International 2017 pointed out the national economy of Australia is expected to enjoy its twenty sixth year of stable economic growth and may continue from 2018 to 2028 It believed that population growth reviving tourism lower interest rates and exchange rates are promoting property market meanwhile driving a large number of investors to invest in retail property However real estate investment is a much more complex area because there are many different types of property investments including industrial retail and residential property Peng 2008 As well as this different investors usually involve commercial property in their core investment portfolios for income oriented returns and stability particularly in low risk traditional property sectors like retail property According to Peng 2008 Australian investors have an increasing demand for good quality or high yield retail properties Furthermore retail property rents for the major Australian cities of Sydney and Melbourne enjoyed yields of 7 3 per cent and 7 9 per cent respectively at the third quarter 2017 JLL 2017 As such there has been a strong interest in the retail property by investors in Australia with the core retail property specific drivers such as stable income stream high rental yield and low vacancy
