Australia
Perth office rents to grow by 6% annually until 2029
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.
Sydney annual retail stock at its lowest since 1989
Only 39,200sqm of new retail space was added in 2024.
Adelaide office absorption breaches 10-year quarterly average
Net absorption hit 3,500sqm in Q4 2024.
Brisbane CBD office absorption hits 16,300sqm in Q4
Thanks to large tenant movements from various industries.
Why Australians are struggling to find affordable housing
61% of renters faced multiple rent hikes in two years.
Australia office rents up 1.9% in 2024
Brisbane saw the fastest rental growth rate of 11.8%.
Guess which city was the outperformer in Australia’s office market in Q4 2024
It recorded the strongest net absorption at 16,300sqm.
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