Australia
Hotel investment activity in Australia remains remarkably resilient
                                                                                 
                    
                    Hotels have an inflation hedging appeal.
                
                                
            Hotel investment activity in Australia remains remarkably resilient
                                                                                                                 
                            
                            Hotels have an inflation hedging appeal.
                        
                                                
                        
    
                    Why the Australian hotel sector has a promising future ahead
                                                                                                 
                        
                        Its proximity to the rising wealth in Asian markets will drive tourism growth.
                    
                                        
                    
                Nearly 27,000sqm of retail space currently under construction in Adelaide
                                                                                                 
                        
                        And three other project plans have recently been approved.
                    
                                        
                    
                Over 1m sqm of industrial supply currently under construction in Sydney
                                                                                                 
                        
                        Over 40% is pre-committed.
                    
                                        
                    
                Perth to welcome 14 new industrial projects by mid-2025
                                                                                                 
                        
                        These will add over 130,000sqm of new stock to the market.
                    
                                        
                    
                Melbourne industrial supply breaches 10-year quarterly average
                                                                                                 
                        
                        Over 555,000sqm of new stock was completed over Q2.
                    
                                        
                    
                Sydney to see five new office projects this year
                                                                                                 
                        
                        The projects will yield over 85,000sqm of new space.
                    
                                        
                    
                Ten prime office projects currently under construction in Melbourne CBD
                                                                                                 
                        
                        These projects will deliver over 205,000sqm of new stock by early 2026.
                    
                                        
                    
                Perth CBD prime net effective office rents to grow by 5.1% in 2025
                                                                                                 
                        
                        Rents grew by 3.0% in Q2 2024.
                    
                                        
                    
                Perth retail rents to grow by up to 2.7% annually until 2028
                                                                                                 
                        
                        The regional subsector is expected to see the biggest growth.
                    
                                        
                    
                Adelaide Q2 industrial gross take-up underperforms two-year average
                                                                                                 
                        
                        Occupier demand was at 22,401 sqm during the quarter.
                    
                                        
                    
                Sydney retail stock to increase by 40,700sqm by year-end
                                                                                                 
                        
                        This will be from nine new developments.
                    
                                        
                    
                Brisbane apartment supply to remain very limited
                                                                                                 
                        
                        The city is expected to endure several more years of limited supply.
                    
                                        
                    
                Brisbane industrial occupier demand remains below the 10-year average
                                                                                                 
                        
                        Occupier demand was only at 60,661sqm in Q2.
                    
                                        
                    
                Western Sydney gross take-up hits 470,000sqm in H1 2024
                                                                                                 
                        
                        It is well above the pre-covid average of 400,000sqm.
                    
                                        
                    
                Sydney hotel supply to grow by 5.1%
                                                                                                 
                        
                        Thanks to six new hotels currently under construction.
                    
                                        
                    
                Canberra office vacancy rates to grow as new completions enter the market
                                                                                                 
                        
                        Three new office projects will bring over 45,000sqm of new stock.