Sally Dale’s appointment comes at a critical juncture for both the residential and commercial markets in Australia’s most populous state.
Already a subscriber?NSW’s next valuer general Sally Dale – the first woman to be appointed to the role in the state – has a message for disgruntled property owners: we welcome your complaints.
“We don’t discourage people from objecting and I think the platform that we’re building that will make it easier for people.”Ms Dale’s appointment comes at a critical juncture for both the residential and commercial markets in Australia’s most populous state. Sydney housing market, like those of other capitals, has so far defied the high interest rate environment.
“People are feeling the pinch, that’s got to translate at some stage through to the property market. Where the lower end market is a bit different – and I’ve seen that personally myself just trying to help family members get into the market – I think the bank of mum and dad has definitely had an impact on that lower end.”
“Interestingly, yields have really compressed in industrial to the point that they’re now quite similar to what commercial office spaces which has not been seen I don’t think ever,” Ms Dale said.
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