Australia
Melbourne apartment supply to experience a ‘cyclical trough’ this year
Melbourne apartment supply to experience a ‘cyclical trough’ this year
Less than 2,000 units are expected to be completed in 2025.
Australia hotel property deals double to AUD676m in Q1
Thanks to high-profile deals that closed during the quarter.
Perth retail rents to rise by an annual average of 2% to 2.7% till 2030
Regional subsectors are expected to see the strongest growth.
Brisbane supply pipeline currently at 1,300 apartments
They are expected to be completed by 2026.
Melbourne retail completions underperform 10-year average
Only one project was completed in Q1.
Perth prime office rents to average 5.5% annually from 2026 to 2031
And investor appetite is expected to improve over the short term.
Sydney industrial occupier demand up 16.8% to 342,000sqm in Q1
This is well above the quarterly average over the past decade.
Eight office projects currently under construction in Sydney CBD
These projects will add 244,100sqm to the city’s stock.
Perth industrial occupier demand declines to 38,800sqm in Q1
This was across six major occupier moves.
Melbourne adds 362,700sqm of new warehouse supply in Q1
This is more than double the 10-year quarterly average.
Melbourne CBD net office absorption reaches 34,600sqm in Q1
Tenants that needed large spaces drove demand.
Adelaide’s annual retail rental growth to average 2.9% over the next five years
Growth is expected to accelerate especially in the regional areas.
Canberra net office absorption hits 4,400sqm in Q1
Smaller tenants drove the positive demand.
Adelaide adds 24,000sqm of new logistics supply in Q1
There are an additional 12 projects currently under construction.
Brisbane CBD prime office rents up 3.6% in Q1
Rents in the Near City rose faster at 4.3%.
Five hotels now under construction in Sydney CBD
These projects will add over 1,000 rooms to the hotel market.
Adelaide CBD office absorption breaches 10-year quarterly average
Net absorption hit 7,500sqm in Q1.
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