Australia

Brisbane’s muted apartment demand won’t last long: JLL

Strong regional population growth is expected to drive demand.

Brisbane’s muted apartment demand won’t last long: JLL

Strong regional population growth is expected to drive demand.

Melbourne residential rents now at 6% above pre-COVID levels

The rental rebound in the city has gained momentum.

Sydney’s hotel inventory to grow by 5.7% this year

There are five new hotels currently under construction in the CBD.

Sydney to see 60,000sqm of new retail stock by end-2023

Over 60% of the stock will be neighbourhood centres.

Perth’s retail supply pipeline remains soft

Over 20,000sqm of projects are expected to be completed by mid-2023.

Seven new industrial projects expected to be completed in Perth by Q4

The projects will add over 80,400sqm to the city’s stock.

This was the largest retail completion in Adelaide in Q1

It was a shopping centre spanning 4,400sqm.

Melbourne’s Q1 gross industrial takeup still 15% below 10-year quarterly average

Gross takeup was at 211,300sqm in Q1.

Sydney industrial transaction volumes up 9% to AUD851m in Q1

This figure is 67% above the 10-year quarterly average.

Brisbane sees 138,500sqm of new industrial space supply in Q1

Over 80% of these completions were pre-committed.

Perth’s office net absorption hits record highs since Q3 2018

The city’s absorption hit 27,200sqm in Q1 2023.

Five projects to add 200,000sqm to Brisbane’s new office supply

The largest project spanning 69,000sqm began construction in Q1.

This was the largest completion in Adelaide’s logistics market in Q1

It was a project spanning nearly 22,000sqm.

Sydney bound to record its lowest office development activity since 2012

Only 19,791sqm of new office stock is expected to be completed in the CBD this year.

Melbourne CBD prime office rents dip 0.5% in Q1

Rents in fringe areas fell a further 1.1% in the same period.

Eight new office projects to be completed in Sydney CBD by next year

These projects will add a total of over 212,100sqm to the city’s stock.

Adelaide overall office vacancy rate down to 16.1% in Q1

But prime office vacancies remain elevated at 17.5%.