机构研究报告-Real estate in Australia-外文版培训课件

INDUSTRIES

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MARKETSRealestateinAustraliaCHAPTER

01OverviewGrossvalueadded(GVA)bytherental,hiring,andrealestateservicesindustryinAustraliafrom2015to2024(inmillionAustraliandollars)Rental,hiring,andrealestateserviceindustryGVAAustralia2015-202470,00065,56164,54861,30260,00050,00040,00030,00020,00010,000056,07855,53354,69752,73951,53450,06548,6032015201620172018201920202021202220232024*4Description:IntheyearendedDecember2023,thegrossvalueadded(GVA)oftherental,hiring,andrealestateservicesindustryinAustraliaamountedtoaround65.56billionAustraliandollars.In2022,theindustry'sGVAamountedtoover64.5billionAustraliandollars.Thepastdecadehasseentheindustry'scontributiontotheAustralianeconomyexpandsignificantly.ReadmoreNote(s):Australia;2015to2024;*AsofSeptember2024.ReadmoreSource(s):AustralianBureauofStatisticsLeadingrealestateandpropertycompanieslistedontheAustralianSecuritiesExchange(ASX)inAustraliaasofJanuary2025,bymarketcap(inbillionAustraliandollars)LeadingrealestatecompanieslistedonASXAustralia2025MarketcapitalinbillionAustraliandollars01020304050607080GoodmanGroupScentreGroupLimitedStockland72.7618.8812.139.798.797.69VicinityCentresTheGPTGroupMirvacGroupDexus7.287.11CharterHallGroupLendleaseGroupNationalStorageREIT4.343.195Description:TheGoodmanGroupwastheleadingrealestatecompanylistedontheAustralianSecuritiesExchange(ASX)inAustraliaasofJanuary2025,withamarketcapofover72.7billionAustraliandollars.TheScentreGroupfollowedwithamarketcapofaround18.9billionAustraliandollars.ReadmoreNote(s):Australia;asofJanuary2025Source(s):ASX;ListcorpRealhousepriceindexinAustraliafrom3rdquarter2019to3rdquarter2024QuarterlyrealhousepriceindexAustralia2019-2024135130125120115130.9130.4126.8127122.9121.4121.2121120.5119.9119.4118.7118.2117.3113.6108.211010510095107Q1106.4105.5Q4105.2Q2102.7Q3Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019

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20246Description:Australia’srealhousepriceindexreached122.9inthethirdquarterof2024,continuingtheupwardtrendsincethesecondquarterof2023.Housepricesfluctuatedoverthereportedperiodcomparedtothebaseyearof2015,experiencingasharpincreasethroughout2021,withthecountry’shousepriceindexpeakinginthefirstquarterof2022at130.9.ReadmoreNote(s):Australia;Q32019toQ32024;baseyearis2015,seasonallyadjustedSource(s):OECDHousepricetoincomeratioinAustraliafrom3rdquarter2019to3rdquarter2024QuarterlyhousepricetoincomeratioAustralia2019-2024125120115110122.1120.9119.5119.6119.3118.8

118.9117.9117.7115.9115.1113.8112.3111.9104.6103.8103.610510095101.399.9Q398.4Q296.8Q390Q4Q1Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019

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20247Description:Thehouseprice-to-incomeratioinAustraliawas122.1asofthethirdquarterof2024.Thisratio,calculatedbydividingnominalhousepricesbynominaldisposableincomeperhead,increasedfromthepreviousquarter.Theprice-to-incomeratiocanbeusedtomeasurehousingaffordabilityinaspecificarea.ReadmoreNote(s):Australia;Q32019toQ32024;baseyearis2015,seasonallyadjustedSource(s):OECDRentpriceindexinAustraliafrom3rdquarter2019to3rdquarter2024QuarterlyrentpriceindexAustralia2019-2024125119.512011511010510095117.7115.6113.2112109.7107.2105.5104.1102.8Q2102.5

102.4

102.5102.2Q1101.5Q4101.2Q2101.1

101.1

101.2

101.3101Q3Q3Q4Q1Q4Q1Q2Q3Q3Q4Q1Q2Q3Q4Q1Q2Q32019

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20248Description:TherentpriceindexinAustraliainthethirdquarterof2024was119.5,markinganincreasefromthesamequarterofthepreviousyear.Rentpriceshaddecreasedin2020;inMelbourneandSydney,thiswasmainlyattributedtotheabsenceofinternationalstudentsduringthecoronavirusoutbreak.ReadmoreNote(s):Australia;Q32019toQ32024;baseyearis2015,seasonallyadjustedSource(s):OECDHousepricetorentratioinAustraliafrom3rdquarter2019to3rdquarter2024QuarterlyhousepricetorentratioAustralia2019-2024150145140135130125143141.6140.2136.5135.2132.4131.5130.4

130.5

130.6130.6130.4129.7129121.3120114.8115110105100112.4Q3111.3Q1110.6Q2109.3Q4105.9Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019

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20249Description:Inthethirdquarterof2024,thehouseprice-to-rentratioinAustraliawasestimatedat130.4,markingadecreasefromthesamequarterofthepreviousyear.Anindicatorofhowstrongthepropertymarketis,thehouseprice-to-rentratiowascalculatedbydividingnominalhousepricesbyrentpriceindices.Afterreachingapeakin2017,theprice-to-rentratiodecreasedeachquarteruntilthethirdquarterof2019.Fromthenon,thehouseprice-to-rentratiocontinuedtoincrease,[...]

ReadmoreNote(s):Australia;Q32019toQ32024;baseyearis2015,seasonallyadjustedSource(s):OECDValueofresidentialconstructionworkdoneinAustraliafrom2015to2024(inbillionAustraliandollars)ValueofresidentialconstructionworkdoneAustralia2015-20241009094.3885.9481.8778.518070605040302010075.8976.3675.0371.7967.2347.592015201620172018201920202021202220232024*10Description:In2023,thetotalvalueofresidentialconstructionworkdoneacrosstheprivateandpublicsectorsinAustraliaamountedtoapproximately94billionAustraliandollars,markingthehighestresidentialconstructionworkvaluerecordedwithinthegivenperiod.In2022,thevalueofresidentialconstructionworkcompletedcametoalmost86billionAustraliandollars.ReadmoreNote(s):Australia;2015to2024;*AsofJune2024.

Valueshavebeenrounded.ReadmoreSource(s):AustralianBureauofStatisticsValueofnon-residentialconstructionworkdoneinAustraliafrom2015to2024(inbillionAustraliandollars)Valueofnon-residentialconstructionworkdoneAustralia2015-202470605063.1255.0149.2149.348.3144.6441.5340302010037.1237.0831.862015201620172018201920202021202220232024*11Description:In2023,thetotalvalueofnon-residentialconstructionworkdoneacrosstheprivateandpublicsectorsinAustraliaamountedtoapproximately63billionAustraliandollars.Inthepreviousyear,thetotalvalueofnon-residentialconstructionworkdonereachedaround55billionAustraliandollars.ReadmoreNote(s):Australia;2015to2024;*AsofJune2024.

Valueshavebeenrounded.ReadmoreSource(s):AustralianBureauofStatisticsCHAPTER

02ResidentialrealestateNumberofresidentialdwellingsinAustraliafromSeptember2014toSeptember2024(in1,000s)QuarterlyresidentialpropertynumberAustralia2014-202411,50011,00010,50010,0009,5009,00013Description:IntheSeptemberquarterof2024,thenumberofresidentialdwellingsinAustraliareachedapeakofaround11.25million,risingbyaround53,100dwellingsfromthepreviousquarter.Duringtheexaminedperiod,Australia'sresidentialdwellingstockincreaseduniformly.ReadmoreNote(s):Australia;September2014toSeptember2024;*Valuesarepreliminary.ReadmoreSource(s):AustralianBureauofStatisticsAveragepriceofresidentialdwellingsinAustraliafromSeptember2014toSeptember2024(in1,000Australiandollars)QuarterlymeanresidentialpropertypriceAustralia2014-20241,1001,00090080070060050014Description:TheaveragepriceofAustralianresidentialpropertyhasrisenoverthepasttenyears,andinSeptember2024,itreachedanewhighof985,900Australiandollars.Nonetheless,propertyexpertsinAustraliahaveindicatedthatthecountryhasbeeninapropertybubbleoverthepastdecade,withsomebelievingthemarketwillcollapsesometimeinthenearfuture.Propertypricesstarteddecliningin2022;however,agradualupwardtrendwaswitnessedthroughout2023and2024.

ReadmoreNote(s):Australia;September2014toSeptember2024;*Valuesarepreliminary.ReadmoreSource(s):AustralianBureauofStatisticsAveragevalueofresidentialdwellingsinAustraliaasofDecember2024,byregionalarea(in1,000Australiandollars)MedianresidentialpropertyvalueAustralia2024,byregionalareaMedianvalueinthousandAustraliandollars300

4000100200500600700800RegionalNSWRegionalQLDRegionalVICRegionalWARegionalTASRegionalSA748.15699.18569.29553.32523.39452.5215Description:AsofDecember2024,regionalNewSouthWaleshadthehighestmedianresidentialpropertyvaluecomparedtootherregionalareasinAustraliawithamediandwellingvalueofaround748,150Australiandollars.RegionalQueenslandfollowedwithamedianresidentialdwellingvalueofaround699,180Australiandollars.ReadmoreNote(s):Australia;asofDecember31,2024Source(s):CoreLogicAveragevalueofresidentialhousesinAustraliaasofDecember2024,byregionalarea(in1,000Australiandollars)MedianresidentialhousevalueAustralia2024,byregionalareaMedianvalueinthousandAustraliandollars0100200300400500600700800900RegionalNSWRegionalQLDRegionalVICRegionalWARegionalTASRegionalSARegionalNT775.38705.37600.5570.84545.09463.75421.616Description:AsofDecember2024,regionalNewSouthWaleshadthehighestmedianresidentialhousingvaluecomparedtootherregionalareasinAustraliawithamedianhousevalueofaround775,380Australiandollars.RegionalQueenslandfollowedwithamedianresidentialhousevalueofaround705,370Australiandollars.ReadmoreNote(s):Australia;asofDecember31,2024Source(s):CoreLogicAveragevalueofresidentialdwellingsinAustraliaasofDecember2024,bycapitalcity(in1,000Australiandollars)MedianresidentialpropertyvalueAustralia2024,bycapitalcityMedianvalueinthousandAustraliandollars600

80002004001,0001,2001,191.961,400SydneyBrisbaneCanberraAdelaidePerth890.75844.28814.43813.02774.09MelbourneHobart651.04Darwin496.8717Description:AsofDecember2024,SydneyhadthehighestmedianresidentialpropertyvaluecomparedtoothercapitalcitiesinAustraliawithanaveragedwellingvalueofaround1.19millionAustraliandollars.Brisbanefollowedwithamedianresidentialdwellingvalueofaround890,750Australiandollars.ReadmoreNote(s):Australia;asofDecember31,2024Source(s):CoreLogicAveragevalueofresidentialhousesinAustraliaasofDecember2024,bycapitalcity(in1,000Australiandollars)MedianresidentialhousevalueAustralia2024,bycapitalcityMedianvalueinthousandAustraliandollars02004006008001,0001,2001,4001,600SydneyBrisbaneCanberraMelbourneAdelaidePerth1,470.63977.58965.91917.62866.33847.52Hobart693.92Darwin586.718Description:SydneyhadthehighestmedianhousevaluecomparedtoothercapitalcitiesinAustraliaasofDecember2024,withavalueofover1.47millionAustraliandollars.Brisbanesimilarlyhadrelativelyhighaverageresidentialhousingvalues,passingCanberraandMelbournetotopthepricingmarketsforrealestateacrossthecountryalongsideSydney.ReadmoreNote(s):Australia;asofDecember31,2024Source(s):CoreLogicAnnualchangeinresidentialdwellingvaluesinAustraliaasofDecember2024,bycapitalcityAnnualchangeinresidentialpropertyvalueAustralia2024,bycapitalcityAnnualchange10%-5%0%5%15%20%25%SydneyBrisbaneCanberraAdelaidePerth2.3%11.2%-0.4%13.1%19.1%MelbourneHobart-3%-0.6%Darwin0.8%19Description:Withanincreaseofabout19.1percent,PerthexperiencedthelargestannualchangeinthevalueofresidentialpropertycomparedtoothercapitalcitiesinAustraliafortheyearendedDecember2024.Melbournewitnessedthelargestannualdecreaseinthevalueofresidentialpropertycomparedtoothercapitals.ReadmoreNote(s):Australia;asofDecember31,2024Source(s):CoreLogicAveragehomeownershiplengthinAustraliaasofNovember2024,bystate(inyears)AveragehomeownershiplengthAustralia2024,bystate121110101010896420WesternAustraliaNewSouthWalesSouthAustraliaVictoriaQueensland20Description:AsurveyconductedamongAustralianadultsinNovember2024reportedthatresidentsinWesternAustraliahadthegreatestaveragelengthofhomeownershipat11years.

ReadmoreNote(s):Australia;November2024;2,003respondents;18yearsandolder;forthosewithanowner-occupiermortgageSource(s):CanstarBlueCHAPTER

03ResidentialrentalrealestateVacancyrateofrentalpropertiesinAustraliainDecember2024,bycapitalcityRentalpropertyvacancyratesAustralia2024,bycapitalcity2.5%2.2%2.1%2.1%2.0%1.5%1.0%0.5%0.0%1.7%1.2%0.8%0.7%0.6%SydneyCanberraDarwinPerthBrisbaneAdelaideMelbourneHobart22Description:InDecember2024,theAustraliancityofMelbournehadarentalpropertyvacancyrateof2.2percent.Incontrast,therentalpropertyvacancyrateinHobartwasestimatedat0.6percentinthesamemonth.

ReadmoreNote(s):Australia;December2024Source(s):SQMResearchAverageweeklyhouseandunitrentpricesinAustraliaasofSeptember2024,bycapitalcity(inAustraliandollars)MedianhouseandunitrentpricesperweekAustralia2024,bycapitalcityHouserentUnitrent9008007006005004003002001000775720680680660570625600590580550550550550495460SydneyCanberraDarwinPerthBrisbaneAdelaideMelbourneHobart23Description:SydneytoppedtheresidentialrentalpricingmarketinAustraliainSeptember2024,withhouserentpricesreachinganaverageof775Australiandollarsperweek.TheaverageweeklyrentforaunitinSydneywasthehighestamongallcapitalcitiesinthecountry,followedbyBrisbane.ReadmoreNote(s):Australia;asofSeptember2024Source(s):DomainGroupAveragerentalyieldofhousesinAustraliainSeptember2023andSeptember2024,bycapitalcityMedianrentalyieldofhousesAustralia2023-2024,bycapitalcitySeptember2023September20247%6%5%4%3%2%1%0%6.27%6.06%5.49%4.83%4.4%4.24%3.9%4.21%4.17%4.05%3.72%3.72%3.62%3.41%2.99%

2.98%SydneyCanberraDarwinPerthBrisbaneAdelaideMelbourneHobart24/statistics/1297624/australia-house-rental-yield-by-capital-cityAsofSeptember2024,theaveragerentalyieldofhousesinSydney,NewSouthWales,was2.98percent.InDarwin,therentalyieldforhousesmeasured6.27percent,whichwasthehighestacrossallAustraliancapitalcitiesduringthatquarter.

ReadmoreNote(s):Australia;September2023andSeptember2024Source(s):DomainGroupAveragerentalyieldofunitsinAustraliainSeptember2023andSeptember2024,bycapitalcityMedianrentalyieldofunitsAustralia2023-2024,bycapitalcitySeptember2023September20249%8%7%6%5%4%3%2%1%0%7.55%

7.64%6.83%6.44%5.58%4.99%5.48%5.44%5.35%5.29%5.2%5.05%4.59%4.47%4.13%

4.14%SydneyCanberraDarwinPerthBrisbaneAdelaideMelbourneHobart25Description:AsofSeptember2024,theaveragerentalyieldofunitsinDarwinwasthehighestamongstthecapitalcitiesinAustraliaat7.64percent.ThelowestaverageunitrentalyieldwasrecordedinHobart,Tasmania,witharentalyieldof4.14percent.

ReadmoreNote(s):Australia;September2023andSeptember2024Source(s):DomainGroupShareofhouseholdincomespentonrentacrossAustraliaintheyearendedJune2024,byregionalareaHouseholdincomesharespentonrentAustralia2024,byregionalarea35%31%30%30%25%20%15%10%5%28%27%26%25%0%NewSouthWalesVictoriaQueenslandSouthAustraliaWesternAustraliaTasmania26Description:IntheyearendedJune2024,householdsinthenon-metropolitanareaofNewSouthWalesspentaround30percentoftheirhouseholdincomeonrent.Incomparison,regionalSouthAustralianhouseholdsspentapproximately25percentoftheirincomeonrent.ReadmoreNote(s):Australia;2024;yearendedJuneSource(s):SGSEconomics&PlanningShareofhouseholdincomespentonrentacrossAustraliaintheyearendedJune2024,bymetropolitanareaHouseholdincomesharespentonrentAustralia2024,bymetropolitanarea35%31%30%30%29%30%25%20%15%10%5%28%25%23%0%GreaterSydneyGreaterMelbourneGreaterBrisbaneGreaterAdelaideGreaterPerthGreaterHobartAustralianCapitalTerritory27Description:IntheyearendedJune2024,householdsintheGreaterPerthmetropolitanareaspentaround31percentoftheirhouseholdincomeonrent.Incomparison,householdsintheGreaterMelbournemetropolitanareaspentjust25percentoftheirincomeonrent.ReadmoreNote(s):Australia;2024;yearendedJuneSource(s):SGSEconomics&PlanningCHAPTER

04RetailrealestateNetfacerentofsuperprimeCBDretailrealestateinAustraliain3rdquarter2024,bystate(inAustraliandollarspersquaremeter)NFRofsuperprimeCBDretailpropertyAustraliaQ32024,bystate12,00010,94410,0008,0006,5006,0003,6904,0002,00003,2752,830VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustralia29Description:Inthethirdquarterof2024,theaveragenetfacerentofsuperprimeCBDretailrealestateinNewSouthWales,Australiawas10,944Australiandollarspersquaremeter.InWesternAustralia,theaveragenetfacerentofsuperprimeCBDretailpropertieswas2,830Australiandollarspersquaremeter.ReadmoreNote(s):Australia;Q32024Source(s):CBREGroupRetailrentofregionalshoppingcentersinAustraliain3rdquarter2024,bystate(inAustraliandollarspersquaremeter)RetailrentofshoppingcentersAustraliaQ32024,bystate2,0001,8661,7791,8001,6001,4001,2001,0008001,4991,4501,3396004002000VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustralia30Description:Inthethirdquarterof2024,theaverageretailrentofshoppingmallsinNewSouthWales,Australiawas1,866Australiandollarspersquaremeter.InWesternAustralia,theaveragerentofregionalshoppingcenterswas1,339Australiandollarspersquaremeter.ReadmoreNote(s):Australia;Q32024Source(s):CBREGroupRetailrentofLargeFormatRetail(LFR)centersinAustraliain3rdquarter2024,bystate(inAustraliandollarspersquaremeter)RetailrentofLFRcentersAustraliaQ32024,bystate7006156005004003193033002001000257241VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustralia31Description:Inthethirdquarterof2024,theaverageretailrentofLargeFormatRetail(LFR)centersinNewSouthWales,Australiawas615Australiandollarspersquaremeter.InWesternAustralia,theaveragerentofLFRcenterswas241Australiandollarspersquaremeter.ReadmoreNote(s):Australia;Q32024Source(s):CBREGroupExpectationsofretailcapitalvaluesinthenext12monthsinAustraliain3rdquarter2024,bystateorterritoryExpectationsofretailcapitalvaluesnext12monthsAustraliaQ32024,bystate3.0%2.4%2.0%1.2%1.0%0%0.0%-1.0%-2.0%-3.0%-4.0%-0.7%-0.9%-2.8%VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustralia&NorthernTerritory*Australia32Description:Inasurveyconductedinthethirdquarterof2024aboutcommercialpropertyinAustralia,theparticipantsestimatedadecreaseof2.8percentintheretailcapitalvalueinVictoriainthenexttwelvemonths.Incomparison,inQueensland,anincreaseof1.2percentwasexpected.ReadmoreNote(s):Australia;Q32024;300propertyprofessionals;propertyprofessionalssurveyedincludedrealestateagents/managers,propertydevelopers,asset/fundmanagers,andowners/investors;*ResultsforSA/NTmaybebiasedduetoasmaller[...]

ReadmoreSource(s):NAB(Australia)Expectationsofretailrentsinthenext12monthsinAustraliain3rdquarter2024,bystateorterritoryExpectationsofretailrentsnext12monthsAustraliaQ32024,bystate4.0%3.0%2.0%2.8%1.5%1.0%0.0%0.4%0%-0.2%-1.0%-2.0%-3.0%-2.2%VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustralia&NorthernTerritory*Australia33Description:Inasurveyconductedinthethirdquarterof2024aboutcommercialpropertyinAustralia,theparticipantsexpectedtheretailrentstodecreaseby2.2percentinthestateofVictoriainthenexttwelvemonths.InWesternAustralia,anincreaseinrentswasexpectedintheretailspace.ReadmoreNote(s):Australia;Q32024;300propertyprofessionals;propertyprofessionalssurveyedincludedrealestateagents/managers,propertydevelopers,asset/fundmanagers,andowners/investors;*ResultsforSA/NTmaybebiasedduetoasmaller[...]

ReadmoreSource(s):NAB(Australia)CHAPTER

05OfficerealestateVacancyrateofCBDofficerealestateinAustraliain4thquarter2024,byselectcityVacancyrateofCBDofficepropertyAustraliaQ42024,byselectcity25%19.8%20%15%10%5%15.7%14.7%10.5%0%MelbourneSydneyBrisbanePerth35Description:Inthefourthquarterof2024,theofficepropertyvacancyrateinthecentralbusinessdistrictofMelbourne,Australia,wasthehighest,witharateofaround19.8percent.ThecentralbusinessdistrictofSydneyhadanofficevacancyrateof14.7percentincomparison.ReadmoreNote(s):Australia;Q42024Source(s):JLL;Varioussources(DexusResearch)NetfacerentofprimeCBDofficerealestateinAustraliain3rdquarter2024,bystateorterritory(inAustraliandollarspersquaremeter)NFRofprimeCBDofficepropertyAustraliaQ32024,bystate1,4001,2241,2001,0008048006004002000727693478457VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustraliaAustralianCapitalTerritory36Description:ThecentralbusinessdistrictinNewSouthWaleshadthehighestaveragenetfacerentforprimeofficepropertyinAustraliainthethirdquarterof2024,withanaveragerentof1,224Australiandollarspersquaremeter.Incomparison,Victoria'sCBDhadanaveragenetfacerentof727Australiandollarspersquaremeterofofficeproperty.ReadmoreNote(s):Australia;Q32024Source(s):CBREGroupYieldofprimeCBDofficerealestateinAustraliain3rdquarter2024,bystateorterritoryYieldofprimeCBDofficepropertyAustraliaQ32024,bystate9%8%7.63%7.27%7.23%6.8%6.83%7%6%5%4%3%2%1%0%6.65%VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustraliaAustralianCapitalTerritory37Description:Inthethirdquarterof2024,theyieldofprimeofficerealestateinthecentralbusinessdistrictofSouthAustraliawas7.63percent.Incomparison,theyieldofprimeofficerealestateinNewSouthWaleswas6.65percent.

ReadmoreNote(s):Australia;Q32024Source(s):CBREGroupExpectationsofofficecapitalvaluesinthenext12monthsinAustraliain3rdquarter2024,bystateorterritoryExpectationsofofficecapitalvaluesnext12monthsAustraliaQ32024,bystate2.0%1.5%1.0%0.5%0.0%-0.5%-1.0%1.7%0.5%-1.2%-1.5%-2.0%-2.5%-3.0%-3.5%-1.6%-2.7%-2.8%VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustraliaandNorthernTerritory*Australia38Description:Inasurveyconductedinthethirdquarterof2024aboutcommercialpropertyinAustralia,therespondentsexpectedthattheofficecapitalvaluewoulddecreaseinVictoriaby2.7percentinthenexttwelvemonths.InallotherstatesandterritoriesexceptWesternAustraliaandSouthAustraliaandtheNorthernTerritory,respondentsexpectedtheofficecapitalvaluetodecrease.ReadmoreNote(s):Australia;Q32024;300propertyprofessionals;propertyprofessionalssurveyedincludedrealestateagents/managers,propertydevelopers,asset/fundmanagers,andowners/investors;*ResultsforSA/NTmaybebiasedduetoasmaller[...]

ReadmoreSource(s):NAB(Australia)Expectationsofofficerentsinthenext12monthsinAustraliain3rdquarter2024,bystateorterritoryExpectationsofofficerentsnext12monthsAustraliaQ32024,bystate2.0%1.5%1.0%1.5%0.9%0.4%0.5%0.0%-0.1%-0.2%-0.5%-1.0%-1.5%-2.0%-1.4%VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustralia&NorthernTerritory*Australia39Description:Inasurveyconductedinthethirdquarterof2024aboutcommercialpropertyinAustralia,theparticipantsexpectedofficerentstodecreaseby0.1percentinVictoriainthenexttwelvemonths.Ontheotherhand,inWesternAustralia,Queensland,andSouthAustraliaandtheNorthernTerritory,anincreaseinofficerentswasexpected.ReadmoreNote(s):Australia;Q32024;300propertyprofessionals;propertyprofessionalssurveyedincludedrealestateagents/managers,propertydevelopers,asset/fundmanagers,andowners/investors;*ResultsforSA/NTmaybebiasedduetoasmaller[...]

ReadmoreSource(s):NAB(Australia)CHAPTER

06IndustrialrealestateVacancyrateofindustrialrealestateinAustraliain2ndhalf2024,bycapitalcityVacancyrateofindustrialpropertyAustraliaH22024,bycapitalcity4.0%3.6%3.5%3.0%2.8%2.5%2.1%2.0%1.5%1.0%0.5%0.0%1.6%1.4%MelbourneSydneyBrisbanePerthAdelaide41/statistics/1345295/australia-industrial-property-vacancy-rate-by-cityInthesecondhalfof2024,theindustrialpropertyvacancyrateinMelbournewasthehighestacrossAustralia,witharateofaround3.6percent.ThelowestvacancyrateofindustrialpropertieswasinPerth,wherearateof1.4percentwasrecorded.

ReadmoreNote(s):Australia;H22024Source(s):CBREGroupNetfacerentofsuperprimeindustrialrealestateinAustraliain3rdquarter2024,bystate(inAustraliandollarspersquaremeter)NFRofsuperprimeindustrialpropertyAustraliaQ32024,bystate300252250200162150148148150100500VictoriaNewSouthWalesQueenslandWesternAustraliaSouthAustralia42