Coast commercial a super option

OCT 2010

HIGH vacancy rates in commercial property on the Gold Coast are providing new opportunities for Self Managed Super Funds (SMSF) says a Gold Coast superannuation specialist.

The Gold Coast now has the highest office vacancy rate in Australia, with more than 20 per cent of office space empty.

Principal of accountancy firm CJ Baker and Associates, Carolyn Baker, says while the situation might not be ideal for some, those looking to either start or expand an SMSF portfolio should look at the opportunities that commercial property offers.

“Commercial property makes up a substantial portion of the total value of the $3.9 trillion SMSF market in Australia accounting for almost 12 per cent compared with residential property sitting at almost three per cent,” she says.

“On the Gold Coast we have a commercial market where low demand and oversupply has pushed prices down considerably, and as a result a good buy now may prove to be a wise decision further down the track when the occupancy rates bounce back again.”
Baker says investors should be aware that there are some significant differences between the terms placed on commercial properties and residential properties within the structure of SMSFs.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

A game changer? Aspiring to the new standard on workplace mental health
Partner Content
Work health and safety regulators have been more active in the area of mental health ri...
Aon
Advertisement

Related Stories

Start-ups ready for orbit aboard Space Machines Company’s first mission

Start-ups ready for orbit aboard Space Machines Company’s first mission

The start-up world is clamouring for its place in orbit with Austra...

"Wake-up call" for the Gold Coast as rideshare driver tests positive to COVID-19

"Wake-up call" for the Gold Coast as rideshare driver tests positive to COVID-19

An unvaccinated Gold Coast-based rideshare driver in his 30s is rep...

Retailers set for pre-Christmas spree as hospitality takes a bigger bite

Retailers set for pre-Christmas spree as hospitality takes a bigger bite

Australian retailers are heading for another big spending spree ove...

Tomas Steenackers’ National Optical Care expands further in Queensland

Tomas Steenackers’ National Optical Care expands further in Queensland

National Optical Care (NOC), founded by 2018 Australian Young Entre...