We have seen a small improvement in shop sales enquiries. we have sold one lot in the past month, and have two more under contract.
Australia’s changes are mainly aimed at residential investment property, not commercial property.
From 1 July 2027, negative gearing will generally be limited to new residential builds. Existing arrangements remain for properties held before Budget night, and commercial property is reported as keeping existing arrangements.
For commercial real estate, likely impacts are indirect:
1. Commercial property may become more attractive
Investors who lose tax benefits on established residential property may look harder at commercial assets, especially if commercial losses can still be offset under existing rules.
Our take: for commercial property owners, this is probably not a direct negative-gearing hit, but it may increase investor interest in commercial assets that have strong leases and positive or near-positive cash flow. Lower-quality retail or weak-tenanted assets may not benefit much, because investors will still be focused on income security,we have tenanted shops in the Night Markets that have been here since 1997
We are seeing some recent sales, while the vendors wanted a fast sale of two lots for $210,000 and one lot for $120,000
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