Invest: Commercial Property

Value commercial property on income, like the professionals.

Leases, cap rates, WALE and due diligence - the full toolkit for your first commercial purchase.

Join for A$49/month 16 lessons · 6 hours · interactive exercises

What you will learn

1
Commercial Foundations
How commercial property differs from residential - leases, outgoings, income-based valuation, vacancy risk and deposits - and the main asset classes.
4 lessons
2
Understanding Leases
Net and gross structures, terms and options, rent reviews, incentives, make-good, bank guarantees and retail legislation - the document that is most of the asset's value.
4 lessons
3
Valuing on Income
Net operating income, cap rates by asset class, WALE, and a calculator exercise comparing two assets the way a valuer would.
4 lessons
4
Due Diligence and Purchase
Tenant covenant, lease audits, building compliance, zoning, GST and finance - then a data drill on a listing whose headline yield hides the real story.
4 lessons

Members who did it

★★★★★
“The cap-rate calculator and the yield-trap drill changed how I read every listing. I negotiated $85k off.”
Andrew P.Industrial unit owner
★★★★★
“I finally understand what net lease actually means for my cash flow. Should have done this years ago.”
Helen Z.Retail investor
★★★★★
“Clear, Australian, and honest about the risks. The lease audit module is gold.”
Marcus D.SMSF trustee
C
Your coach
Casey Coach

Fifteen years across residential sales, buyer advocacy and property investment education. Casey answers questions in every module discussion and runs live coaching sessions for members.

Join for A$49/month

Prop Academy provides general education only, not financial, legal or credit advice. Testimonials reflect individual experiences.

Frequently asked questions

How is commercial property different from residential?+

Commercial property is valued on its income, tenants typically pay the outgoings, leases run for years with options, and deposits are usually 25 to 35%. Vacancies can last longer but yields are often higher. The course covers leases, cap rates, WALE and due diligence.

What is a cap rate?+

The capitalisation rate is the net operating income divided by the price, expressed as a percentage. It is the core way commercial property is valued and compared. The course includes a cap rate calculator and a deal where a strong headline yield hides a short WALE and a weak tenant.

How much deposit do I need for commercial property?+

Commercial lending usually requires a larger deposit than residential, commonly 25 to 35% of the purchase price, with stricter serviceability and shorter loan terms. The course covers commercial finance and the going-concern GST exemption.