Australia
Adelaide sees 10,400sqm of new retail completions in Q1
Adelaide sees 10,400sqm of new retail completions in Q1
The largest project was the 4,400-sqm Aston Hills Shopping Centre.
This was Sydney’s largest retail property sale in Q1
It was a deal worth AUD158m with a passing yield of 5.75%.
New office development lull looms in Sydney this year: JLL
Less than 20,000sqm of new stock is expected to be completed.
Melbourne new industrial supply now more than double the 10-year quarterly average
There were 20 projects completed in Q4 2022 alone.
Adelaide hits highest quarterly industrial take up in 12 months
Leasing activity reached nearly 44,000sqm in Q4 2022.
Melbourne CBD records highest office vacancy rate since 1998
The headline vacancy rose to 15.4% in Q4 2022.
What are the largest upcoming office projects in Brisbane?
One of them is a 360,000sqm development at 360 Queen Street.
Sydney’s Q4 industrial transaction volume breaches 10-year quarterly average
Transaction volumes hit AUD 745.9 million in Q4 2022.
Perth industrial takeup hits 228,600sqm over the last year
This is more than the 10-year average of 205,000sqm.
Canberra annual net office absorption hits 10-year high in 2022
Net absorption totalled 47,600sqm during the year.
Adelaide office vacancy rate rises to 16.5% in Q4
Net face rents also grew 2.6% in the quarter.
This area accounts for nearly a third of Sydney’s residential supply pipeline to 2025
Supply remains tight across the city.
Perth retail completions still well below the 10-year average of 77,400sqm
Completions only totalled 20,700sqm over the last 12 months.
Ho Chi Minh luxury apartment capital values to rise 5.7% by end-2023
It’s expected to hit USD3,498 per sqm.
Melbourne to see 1,480 new residential units by Q4
Over 1,500 units were already completed so far this year.
Melbourne industrial completions up 32% to 288,200sqm in Q3
There were a total of 16 projects completed during the quarter.
Brisbane’s Q3 residential rents increase 8%
The median rent for a 2-bed unit is AUD540 per week.
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It is part of the Singaporean property developer’s ‘reach for the sky’ strategy.
