Commercial property prices likely to suffer stiff declines

Local investors are hastily revising their sums on commercial property, as valuations come under pressure from the inexorable rise in inflation and interest rates.market – prices are likely to suffer stiff declines.

The glum mood continued on Wednesday, with shares in Goodman Group closing 0.1 per cent lower at $19.43 , while Stockland finished at $3.73 .Charter Hall Group closed at $12.52 , while Mirvac bucked the trend to close slightly higher at $2.13 .Of course, these big moves in the listed property sector will be replicated, and even magnified, in the unlisted sector, as a sharp rise in borrowing costs changes the dynamics across the commercial property space.

reporting that the formerly red-hot commercial property sector is showing the first signs of cooling.

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