Australia
Melbourne retail completions hit 68,900sqm in 2024
Melbourne retail completions hit 68,900sqm in 2024
This is a significant 68% increase from 2023’s 40,956sqm.
Sydney industrial transaction volumes hit AUD5.3b in 2024
This is a record level of sales transactions for the city.
Adelaide retail completions underperform 10-year annual average
Only two new retail centres were completed in 2024.
Perth to see five new industrial projects by 2027
The projects will yield over 71,000sqm of new industrial space.
Sydney CBD office vacancy rate to stabilise in 2025
Only two new major projects are expected to be completed this year.
Melbourne apartment supply likely to fall until 2026
Only 4,000+ new units were completed in 2024.
Perth office rents to grow by 6% annually until 2029
There is robust demand but only a limited supply.
Melbourne sees second highest annual industrial completion rate in 2024
Nearly 300,000sqm of new warehouse space entered the market in Q4 alone.
Perth retail rents to grow by 1.9% to 2.9% annually till 2029
The regional subsector is expected to experience the strongest growth.
Melbourne records over 300,000sqm of new office projects under construction
But only 34% is anticipated to materialise in 2025.
Adelaide industrial gross take-up breaches 10-year average
Demand totalled 51,600sqm in Q4 alone.
Sydney prime residential prices to rise by 4% to 5.9% in 2025
The growth will be driven by a lack of supply rather than by new supply.
SE Queensland 2024 retail completions underperform 10-year average
New supply only reached 81,600sqm during the year.
Sydney to add 1,173 hotel rooms to existing stock
There are currently six hotels under construction, which will yield over 1,100 new rooms.
Brisbane residential rents up 10.9% in 2024
That is for 2-bedroom units.
Brisbane industrial completions reach two-year low in Q4
Only 89,900sqm of new supply was added during the quarter.
This is Canberra’s largest office project under construction
It will be completed in Q4 2025.
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