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Sluggish wages growth in Western Australia and Queensland has also hit demand. “Market conditions were challenging (in 2017) with significant levels of new supply and continued weak growth having an impact on occupancy levels,” G8 said. G8 Education’s recent full-year results showed an overall rise in spare capacity across its 495 centres, from 79.9 per cent to 76.7 per cent. In response to the “challenging” conditions, the listed property trust Arena Reit is tapering its slate of new centre development. Private investors traded a 1032sq m childcare facility leased to Kool Kidz at 3 Nexus Street in Melbourne's Ravenhall for $3.8 million. According to the fund, 276 net new centres opened nationally in calendar 2017, a circa 4 per cent increase. Arena outlines a $45 million development pipeline of seven centres, compared with 11 projects worth $68 million completed during the half. Mr Edwards said one agent had been advertising 11 centres for lease for several months. “They would have gone in about five seconds three or four months ago.” But he said with the banks demanding stricter covenants and loan ratios, the market was returning to more http://www.csl-az.com/a-quick-breakdown-of-recognising-indispensable-criteria-of-mortgage-broker-melbourne/ sustainable levels.