Commercial property booms as negative gearing changes bite | 7NEWS

By 7NEWS Australia

Community Score: 50% | 880 views | 2d

0 community ratings: null thumbs up, null thumbs down

Commercial property investment is experiencing a surge in interest from mum and dad investors following federal budget changes to negative gearing that have caused residential property investment to plummet. Investors are using self-managed super funds to purchase commercial properties, with entry points around $200,000 to $300,000 for million-dollar properties, attracted by returns of 5-6% per annum, longer leases and lower maintenance. Industrial property vacancy rates along the East Coast remain below pre-pandemic levels, with New South Wales showing the most resilient market performance. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi Facebook » https://www.facebook.com/7NewsAustralia TikTok » https://www.tiktok.com/@7newsaustralia Instagram » https://www.inst

Tags: 7NEWS, 7NEWS Australia, 7newsaustralia, News, Sydney real estate, australia, breaking news, channel 7, commercial property, latest news, latest news today, negative gearing, news australia, property investment, self managed super, seven news