Australia

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.

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 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.

Brisbane apartment supply to remain very limited 

The city is expected to endure several more years of limited supply.

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.