Australia
Melbourne to see 1,480 new residential units by Q4
Over 1,500 units were already completed so far this year.
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%Â
The median rent for a 2-bed unit is AUD540 per week.
Perth records strongest industrial takeup since 2015
Takeup reached over 120,000 sqm in Q3.
Sydney’s 2023 retail pipeline dominated by neighbourhood centres
Over 60% of the new additions will be from this segment.
Brisbane sees six new industrial projects in Q3
The projects added a total of 82,300sqm of new space.
Sydney office vacancy rate hits 13.7% in Q3
The city recorded net absorption of -33,200 sqm.
Adelaide industrial leasing demand hits record low in over a decade
Gross takeup dropped 82.5% in Q3.
Perth CBD office vacancy rate declines to 19.3% in Q3
The vacancy dropped by 0.9 percentage points vs last quarter.
Melbourne office leasing transactions to plateau in 2023: JLL
Tenant activity is heavily reliant on lease expiries.
Sydney industrial occupier activity still below the 10-year quarterly average
Takeup only reached 193,000sqm in Q3.
New office completions pull Canberra’s office vacancy rate upwards
Vacancy rate grew 1.3ppts to 7.3% in Q3.
Brisbane Grade A office vacancy drops to 14.9% in Q3
Demand is coming from firms trying to lure staff back to the office.
Adelaide office net absorption rebounds to 5,100sqm in Q3
This comes after a negative absorption in the previous quarter.
Australia retail transaction volumes hit AUD1.8b in Q3
Syndicators were the least active buyers during the quarter.
Find out what real estate deal was closed for over USD1b in Melbourne in Q3
But investors are still cautious nonetheless.
Hotel transaction volumes in Australia to hover around US$1.5b in 2023
It’s a slight increase from the US$1.4b expected this year.
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
