Research

After reaching a new high in sales volume in 2022 of $1.07 billion, service station investment has taken a hit in 2023 recording just $66.8 million in the first five months of the year.

With interest rates still moving upward, commercial investment activity continues to take a hit.

The industrial asset class has been the stand out performer in the commercial market over the last few years.

Over the last few years we have seen a growing volume of buyers invest across regional markets of Australia.

The Australian Bureau of Statistics released its dwelling approval numbers last week with stand out monthly results for the non-residential building approvals.

With the ongoing difficulty in attracting staff back into the office, it hasn’t just been employers adding perks to the work day, with office owners continuing to ramp up their offerings to occupiers.

A combination of rapidly rising interest rates, difficulty in obtaining finance and sentiment shifts has seen both vendors and purchasers reset and look to delay property decisions until greater economic and market certainty arrives.

There has been much said about the current uncertainty surrounding the global banking situation and the potential impacts for the broader economy.

This year has started off quietly for the childcare sector with limited transaction activity across the country.

The competition from online retail is real.

After ongoing interest rate rises during 2022 and into this year, we saw the commercial property market respond with reduced volumes of sales and more caution return to investment transactions.

The Property Council of Australia’s Office market report has recently been released, highlighting the changing profile of CBD and non-CBD office markets in Australia.