News

The recent survey on the challenges and growth of the property industry, conducted by the Property Council of Australia and Procore Technologies, have revealed the industry’s growing appetite for digital transformation and how industry leaders are preparing today for what comes tomorrow in their joint research report ‘The Data Differentiator’.

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Total return for Australian commercial property has decreased by 300 basis points over 2019, however continue to outperform countries such as Canada, the United States and the United Kingdom.

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Over one million square metres of newly constructed office stock will be supplied to the Australian office market in 2020, more than half of which will be supplied to Sydney and Melbourne.

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