Commercial Collection

The commercial property market continues to evolve, with several developments influencing investor sentiment. Labor has confirmed it will not proceed with a ban on SMSF investment in speculative property, providing some certainty to the sector. However, proposed changes to superannuation tax concessions—intended to make them “less generous”—may still affect investment strategies. Meanwhile, Labor’s climate policies could see commercial landlords face stricter energy and ESG compliance requirements, particularly impacting older assets with higher retrofit costs.

Locally, Newcastle’s international terminal is set to open within months, with the Airport estimating a $12.7 billion uplift to the Hunter economy over 20 years and $6.5 billion in additional business activity through increased freight access. This is expected to benefit local manufacturers and support broader economic growth. Market activity remains strong, particularly in Maitland, where buyer interest is high. Industrial property continues to perform well due to low vacancies and rising land and rental values.