Industrial investment plummets in 2008
Industrial investment across Sydney, Melbourne and Brisbane has declined sharply from a peak in late 2007, according to data from LMW Research.
Sales in the Sydney metropolitan area totalled $468.2 million in calendar 2008, representing 30 sales of more than $5 million, a fall of more than 68 per cent on sales in calendar year 2007.
Wholesale funds continued to be the major investor this year, with investments of $150.38 million, down on the peak last year of $950.3 million.
Brisbane posted 24 transactions since this year with a value of $300.63 million, representing 40 less transactions of more than $5 million than last year and turnover of less than one-third of the $938 million in 2007.
Only 24 sales of more than $5 million were recorded in Melbourne this year, totalling only $217.67 million, down from the $1.64 billion of last year.
Recommended for you
The super fund’s CEO has confirmed he will finish his role in 2026.
New data shows millions of Australians have little idea how their super funds have performed over the past year.
Small-business advocates have warned the government’s Payday Super timeline risks chaos without more time, cost support, and fair penalties.
Insignia Financial’s Master Trust portfolio has expanded despite net outflows, as positive markets and new product initiatives drive growth.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
