Australia
Melbourne residential supply to stay moderate over the next few years
Melbourne residential supply to stay moderate over the next few years
Approximately 4,700 apartments will be completed in Inner Melbourne this year.
Perth CBD office demand grows for eighth consecutive quarter
Net absorption hit 22,300sqm in Q3.
Sydney CBD records steepest negative office demand in Q3
Net absorption in the area was -25,100sqm during the quarter.
Adelaide new industrial supply declines for third consecutive quarter in Q3
There was only 31,600sqm of new stock during the quarter.
Sydney apartment rents rose by 16.8% over the past year
The pace of rental growth has shown signs of slowing.
10 industrial projects to be completed in Perth in Q1 2024
These projects will add nearly 114,000sqm to the city’s supply.
Brisbane’s Q3 industrial takeup below the 10-year average
Takeup was at 84,400sqm in Q3.
Melbourne CBD office vacancy rate stable at 16.2% in Q3
The city recorded negative net absorption of -9,800 during the quarter.
What’s driving Adelaide’s strong retail supply pipeline?
Nearly 13,000sqm of new space was completed in the last six months.
Sydney to see nearly 40,000sqm of new retail space by year-end
This will be from four neighbourhood projects.
This was the largest industrial project completed in Adelaide in Q3
It was a 12,000sqm service centre.
Adelaide office sector records highest net absorption since 2008
Net absorption was at 37,500sqm in Q3.
Canberra office market registers negative demand in Q3
Net absorption hit -24,200 during the quarter.
Brisbane CBD office vacancy rate hits record lows since 2019
The vacancy rate declined to 11.5%, the lowest since Q3 2019.
Australia real estate investments drop 33% to AUD3.3b in Q3
Preliminary estimates show industrial outperformed other sectors with investments worth AUD1.5b.
How Perth’s industrial property sector is set to transform in the near term
Several building programs are currently gaining momentum.
Australia healthcare transactions reach $1.6b in the first nine months of 2023
Investment demand remains robust for this sector.
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It is part of the Singaporean property developer’s ‘reach for the sky’ strategy.
