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Property confidence on the rise

OFFICE • December 17, 2020

Property industry confidence is bouncing back after three quarters of sitting in negative territory according to the latest results from the ANZ/Property Council Survey.

The national industry confidence score for the December 2020 quarter surged by 41 index points to 123 points, returning to the same level prior to the onset of the COVID-19...

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Office occupancy in Australia’s major CBDs is still well below pre-COVID pandemic levels, and most building owners and managers do not expect to see a material increase in CBD office occupancy for at least three months.

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As we edge towards the festive season, the capital cities of Australia are not the same bustling places as they were a year ago. However, it’s fair to say cities are gradually picking up the pace with Australians returning to their CBD office workplaces in greater numbers according to the latest survey of CBD office occupancy by the Property...

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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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