Childcare centre investment: Investors cash in at Victorian commercial property auctions

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Childcare centre investment: Investors cash in at Victorian commercial property auctions

Cheap money and government policy are driving investors to cash in on Victorian toddlers. Burgess Rawson’s Investment Portfolio auctions this week included four Victorian centres sold for a combined total just under $24m. “All the Victorian childcare centres sold for below 5 per cent yields.”But the busiest auction was for a Foodworks supermarket in Sunbury, with 16 bidders registered and a $1.925m sale. He estimated a 1.5-2 per cent reduction in commercial property yields compared to this time last year as a result. Click here to get the latest Victorian property market news delivered direct to your inbox.

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