Australia’s commercial property market is benefiting from the fallout of US President Donald Trump’s trade wars, attracting renewed interest from foreign capital and getting an additional boost from local interest rate cuts, new CBRE data shows.
Commercial real estate sales totalled $15.5 billion across office, industrial, retail, hotel and living assets in the six months to June, representing a 13 per cent year-on-year increase.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com