The Property Council of Australia’s latest office occupancy survey has revealed that Melbourne’s recovery is yet to take off.
The monthly survey of building owners and managers has found that, despite being taken prior to Victoria’s current lockdown, Melbourne CBD remains considerably lower than other capital cities at 45 per cent of pre-COVID...Read More
The Property Council of Australia’s latest office occupancy survey has revealed a big step up in activity in the CBDs of Sydney and Melbourne, and minute change to occupancy across the other major mainland CBDs.
Sydney’s CBD took a significant jump forward in April, rising to 59% occupancy after recording 50% in March. Melbourne’s CBD increased...Read More
According to the latest results from the ANZ/Property Council Survey, the property industry confidence levels are steadily bouncing back after recording near-record highs as the sector surges into economic recovery from the COVID-19 pandemic.
The national industry confidence for the March quarter continued its upward trend to 142 points, rising...Read More
The Property Council of Australia’s latest occupancy survey revealed that workers are gradually returning to the CBD’s as health restrictions are rolled back. The back to office trend is a positive sign for the battered hospitality and retail businesses that thrive on CBD foot traffic.Read More
The Property Council/MSCI Australia Annual Property Index achieved a total return of 0.1% in Q4 2020, down from 7.6% the previous year. The total return results are the lowest figure recorded since the index began 26 years ago due to the decreased net operating income rather than income compression.
Whilst the Australian market continue to...Read More
With the January 2021 Office Market Report revealing Canberra to be the only mainland CBD market to not record an increase in vacancy over the six months to January 2021, holding steady at 10.1%, it comes as no surprise the majority of surveyed industry experts believe Canberra will be the hottest market in the coming 12-months.