Australia
Is Sydney’s hotel market finally starting to recover?
Is Sydney’s hotel market finally starting to recover?
The 48.8% occupancy in March 2021 is slightly higher compared to last year.
Melbourne industrial sale transactions down 23% to AUD481.9m in Q1
But this is still 43% above the 10-year quarterly average.
Canberra office vacancy hits 12-year low of 7.6% in Q1
Thanks to robust positive net absorption and only one withdrawal.
Asian investors snap up safe haven assets in Sydney’s fringe markets
Savills recorded strong interest from Hong Kong, Malaysian, and Singaporean investors.
Adelaide’s largest office building now under construction
It will have 40,000sqm of office space.
Melbourne CBD office vacancy reaches record highs in over two decades
Headline vacancy hit 14.3% in Q1.
Australia’s industrial gross take-up hits 15-year highs in Q1
Gross take-up reached over 1.1 million sqm, outperforming the 10-year quarterly average by 91%.
Industrial demand in Sydney breaches 10-year average by 54%
Gross take-up reached 313,110 sqm in Q1.
Australian investors reweigh portfolios towards industrial property
The share of industrial sales doubled from 18% to 36%.
Australian industrial sector poised for another robust year with unabated tenant demand
Industrial transactions are off to a good start with $1.5b in Q1.
Australian office investment volumes back to pre-COVID levels
Volumes increased 34% to $2.8b in the first quarter of 2021.
Australia’s healthcare sector outperformed other property sectors in the last 15 years
The sector reported double-digit returns in 2020 alone.
Sydney small businesses’ average lease term fell 23% over the past 5 years
Businesses occupying under 2,000 sqm sign lease terms of just 3.9 years.
Sydney records positive office net absorption for the first time in five quarters
Net absorption also improved in Perth and Brisbane.
Guess which Australian city saw the largest fall in sublease availability in Q1
Sublease availability in this city fell 24% during the quarter.
APAC markets show ‘unrelenting’ logistics demand as firms run short of warehouse space
ESR Australia recently bought a portfolio of 45 properties for a whopping US$2.9b.
How Australia’s robust housing demand impacts banks and developers
Weakening housing affordability and falling net migration pose medium-term risks.
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It is part of the Singaporean property developer’s ‘reach for the sky’ strategy.
