Office buildings that lie outside Melbourne’s CBD are set to show strong price growth and are significantly undervalued according to a new office market report.
A good portion of the respondents went over budget by a significant amount, with nearly half of them blowing their budget by $30,000 or more.
Residential construction is on the wane but the cranes are still in the sky – moving over into the commercial space.
Brokers say recent criticism from banks amid the banking royal commission are a diversionary tactic and that if a flat fee for their service was introduced it would make home loans more expensive.
A key outcome of the current banking royal commission shapes as reduced borrowing capacity for homebuyers.