Service Stations Not Under Threat From Electric Vehicles
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
During the pandemic, service stations were some of the strongest performing assets, with transactions up 50 per cent during
2022.
However, with governments continuing to push electric vehicle (EV) adoption, there are concerns that traditional service stations might
become a thing of the past.
Ray White Commercial’s Head of Research Vanessa Rader said there was little evidence to demonstrate EVs were actually having an impact on
values. “With 3.4 per cent of new car sales to September 2022 being EVs (or hybrid) according to the Electric Vehicle Council, this
represents a 65 per cent increase on 2021 results,” Ms Rader said.
“This highlights good growth, albeit Australia is continuing to lag behind much of the world.
“In addition, the slow delivery of vehicles, limited fast charging facilities, and overall rising cost of energy are yet another roadblock
in the rapid rollout of these vehicles, which currently only account for an estimated 0.3 per cent of the total registered vehicles on
Australian roads.”
Ms Rader said the expansion of many service station options to include food and beverage options also suited the requirements of EV ownership. Specifically, it helps answer the question of what to do during charging.
“With the most rapid charging still taking at least half an hour, the need for comfortable and enticing food, retail and entertainment
options within service stations will grow, continuing the evolution of what these assets look like,” she said.
There has been an increased appetite for service station assets since 2011, Ms Rader said. “In 2022 we recorded transactions of over
$1 billion across Australia, up 52 per cent on last year’s result.
“There continues to be interest from experienced investors, developers, and private syndicates, who are looking to take advantage of the corrections in yields, as many first-time buyers, who were instrumental in lowering yields over the past few years, have now left the market.”
Ms Rader said sales volumes were likely to pick up further in 2023 with a correction in yields likely to cause some vendors to consider
selling.
Financing doesn't have to be a headache. The team at Smart Mortgage and Lending
are here to drop your stress and make financing easy.
ALL DAY CONFERENCE @ Mornington Racecourse
6 May 2025 - 8:30am - 5:30pm
In today’s fast-changing world, staying competitive means embracing new trends and technologies. At B.I.T.E.
Conference 2025, you'll discover groundbreaking strategies and tools—like A.I. and robotic process automation—designed to
help you navigate and succeed in the evolving business landscape.
Aged care financial planning is a highly specialised area that requires not only financial expertise but also an understanding of the
emotional challenges families face. In this episode of The Accountant That Builds, host Shannon Smit sits down with Aged Care Financial
Advice specialists to unpack the complexities of aged care funding.
In today’s fast-paced world, productivity has become a paramount concern for professionals and business owners alike. We constantly strive to optimise our workflows, eliminate inefficiencies, and maximise the value we derive from every minute of our day. One of the key steps in achieving this is recognising the habits and tasks that drain our productivity and replacing them with more effective strategies.