News

Australia’s property sector has once again proved its resilience as confidence levels remain at historically high levels. The ANZ/Property Council’s latest industry survey revealed that confidence in the property sector is still strong despite the less positive economic outlook.

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The Property Council of Australia's latest Office Occupancy survey revealed positive signs in the return to CBD offices as occupancy rates in Melbourne, Sydney, and Canberra more than doubled over March 2022.

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The number of workers working from the office has bounced back to pre-Omicron levels, with Melbourne and Canberra recording their highest occupancy levels since June 2021.

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Australian property returns were at a three year high in Q4 2021, driven by record industrial returns. The Property Council/MSCI Australia Annual Property Index achieved an annual return of 11.4%, after its best quarterly capital growth since 2007. Some of the key results to come out of the index release include:

 

 

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