News

The ANZ/Property Council Survey for the December 2020 quarter reveals the federal government’s HomeBuilder program has provided a much needed boost in confidence for the residential construction outlook.

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Managing costs will take on new importance as businesses adjust and recover from the deep economic impact of COVID-19. Commercial property owners and managers will be no exception as they map their way through the aftermath of the months-long disruption to normal business.

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The Property Council of Australia’s survey of members who own or manage office buildings in Australian CBD locations has revealed September 2020 office building occupancy to be well below pre-COVID-19 levels despite very low or no community transmission being reported in most locations. This new data reinforces the parliamentary decision to order...

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The effects of the pandemic is felt across all Australian office markets. Some markets are forecasting minimal signs of recovery until well into 2022, whilst other markets have a brighter outlook.

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The rapid expansion of flexible space – which includes co-working centres and serviced offices – over recent years is now being followed by a COVID-induced recession that has reduced demand for office space, flex included. We expect some contraction and consolidation within the flexible office space market over the coming years, with some...

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Returns on Australian commercial real estate fell to a level not seen in over a decade as the COVID-19 pandemic starts to take its toll. With the path to recovery still uncertain and Australia facing its first technical recession in almost 30 years, there are plenty of challenges on the horizon for the Real Estate Industry.

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