Australia
Melbourne industrial transaction volumes hit record high in Q2
Melbourne industrial transaction volumes hit record high in Q2
There were 12 sales amounting to AUD464 million, which is the highest single quarter total since 4Q18.
Sydney hotels' occupancy rates down to 66.6% in the year ending June 2020
The COVID shock was most apparent in April as occupancy dropped to 21.8%.
Gross take-up of industrial spaces in Sydney hits record highs in Q2 amidst e-commerce boom
Sydney recorded a total of 476,300 sqm of gross take-up in 2Q20, more than six times higher than the 1Q20 total and more than twice the 10-year quarterly average.
Build-to-Rent model gains traction in Australia with 8,000 units expected to be completed over five years
Savills reveals that Australia is closely following UK's decade-long Build-To Rent growth spurt. Accelerated by the emergence of COVID-19, new ways of living and working throughout Australia are emerging and growing in popularity, at a time when people are increasingly becoming isolated and craving connection.