No Worries | Courier Mail City Beat
August 3, 2022
And he reckons the best investment is commercial property.
“This a good time to buy the right assets. Inflation can be good for commercial property, particularly retail assets. The higher the inflation, the more you will see an increase in retail turnover which in turn leads to bigger rent increases,” he says.
“The level of affordable rent a tenant can pay is based upon a percentage of turnover. The higher the turnover the more rent they can pay.”
Sentinel this year bought its largest asset, the Casuarina Square shopping centre in Darwin for $418m and the syndication group is in the market for another large, high yielding shopping centre asset in a key regional area, with its focus on Northern Australia.
“All those cities right up the Queensland coast and into the Northern Territory is where we’ll keep buying,” Ebert says.
Chris Herde | Courier Mail City Beat