Research

Parking in Australia’s CBDs has seen significant changes over the past ten years.

The latest PCA/MSCI property returns data has been released for the quarter ending March 2024, showing some sobering results across the commercial property market.

Institutional investors will continue to seek out strong returning industrial assets which factor in risk appropriately and demand will continue to turn a corner for a new era of residential property, making beds and sheds the most sought after assets.

Tourism numbers continue to bounce back each period, after the lows of 2021, supporting a renewed interest in the hotel property sector.

The RLB Crane Index has been released for Q1 2024 and is showing stable yet high results in crane numbers across both residential and non-residential property types.

The last 18-months has been a quiet period for the national self-storage market. Transactions over the last year (to March 2024) totaled just over $95 million after peaking in late 2021 and early 2022, representing over $1 billion in transactions.

Over the last two years there has been some hesitation by investors into the commercial property market.

The appetite by the private investor sector for alternative commercial property investments saw service stations as the number one pick for many years, notably prior to COVID-19.

The commercial property market has had some mixed fortunes over the last few years, but with talk across the economy suggesting two or three reductions this year, sentiment has lifted and enquiry levels across most markets have rebounded.

As the cost of finance increases the spotlight has been put on the industrial asset class, yields, and what this means for land and capital values

Over the last few years coastal office markets, in particular Gold Coast and Sunshine Coast, saw a strong uplift in occupier demand while the rest of the nation battled with work from home pressures and reducing their office footprint.

Despite rising interest rates and an overall decline in retail trading, occupancy in the retail sector has improved over the last 12 months.