Buyers Hunt for Risk-Free Assets

Published on: 08/10/2021

A wave of investors are seeking Covid-proof assets as the market adjusts to new expectations.

Burgess Rawson joint head of agency Queensland Campbell Bowers said they had more listings “than ever before”.

“Sellers are seeing a lot of activity out there from a buying perspective and yields are strong while buyers are mainly targeting assets that we define as assets for essential services — childcare, medical, fuel, fast food, supermarkets.”

Burgess Rawson’s September auction sold 17 Queensland properties for $51.405m.

Major sales were Jax Tyres, Michelton — $4.52m (3.1% yield), KFC and Pizza Hut, Urraween at Hervey Bay — $7.96m (3.98%); Caboolture Coowinda Childcare — $2.175m (4.41%).

Brisbane Courier Mail

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