News

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...

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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.

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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...

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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.

 

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CBD Occupancy takes a hit

OFFICE • March 3, 2021

Australian CBDs have taken a hit due to recent COVID-19 lockdowns, with new data revealing a deceleration in the rate of workers returning to their offices. 

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There are two types of people in the world; people who love technology and those who don’t. Regardless of where you stand on this spectrum, in a world where technology is advancing every day, the need to adopt to such advancements is crucial for success and there is no exception in the Australian property industry.

 

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