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SMSF activity in Newcastle entry office market

Entry level into the Newcastle office market is very much dominated by activity in the self managed superannuation fund realm according to Herron Todd White’s July Commercial property report.
 
The report indicated that more and more owner occupiers are paying their own rent in this space in Newcastle. This is true in all established office locations throughout the Hunter region and into the Central Coast. Specifically in Newcastle, the report suggests the domination of owner-occupiers purchasing in SMSFs is putting a bit of a dent in the investment market.
 
Even in the current good market conditions, the report indicates some long letting up periods for office rental space. It is a warning for some buyers in the current heated market in the CBD who are purchasing vacant office space speculatively, hoping to find a tenant quickly to provide cash flow.
 
The reports also finds that rejuvenation works around Wickham have seen Newcastle West office values, which have been dormant for decades, shoot into a new sphere on the back of state government led infrastructure investment.
Entry level into the Newcastle office market is very much dominated by activity in the self managed superannuation fund realm according to Herron Todd White’s July Commercial property report.
 
The report indicated that more and more owner occupiers are paying their own rent in this space in Newcastle. This is true in all established office locations throughout the Hunter region and into the Central Coast. Specifically in Newcastle, the report suggests the domination of owner-occupiers purchasing in SMSFs is putting a bit of a dent in the investment market.
 
Even in the current good market conditions, the report indicates some long letting up periods for office rental space. It is a warning for some buyers in the current heated market in the CBD who are purchasing vacant office space speculatively, hoping to find a tenant quickly to provide cash flow.
 
The reports also finds that rejuvenation works around Wickham have seen Newcastle West office values, which have been dormant for decades, shoot into a new sphere on the back of state government led infrastructure investment.

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