Australian property market

Office vacancies in Melbourne to surge amid glut, says Morgan Stanley

Melbourne's office vacancy rate will jump to about 11 per cent this year as supply outpaces demand, Morgan Stanley says.

About 3.5 million sq ft of space is expected to come on the market between now and 2015 in Australia's second-biggest city, analysts led by Lou Pirenc wrote in a report.

Wednesday, 10 April, 2013, 5:47am

Australian commercial property market struggles to shake impasse

Fireworks explode on the rooftops of buildings in the Sydney during a show prior to the new year celebrations on December 31, 2012. Photo: Reuters

Negative sentiment and concern about the global economic outlook presented key challenges for the Australian commercial property market in 2012. Key decision makers sometimes lacked the confidence they need to make investment decisions, particularly if a bad decision could jeopardise job security.

4 Jan 2013 - 6:08pm

Australian industrial property in hot demand

Steam and other emissions are seen coming from funnels at a chemical manufacturing facility in Melbourne June 24, 2009. Photo: Reuters

Almost AUD$1 billion of Australian industrial assets have been transacted so far in 2012, 80 per cent of which have been purchased by offshore investors – a significant increase from 10 per cent in 2008.

27 Dec 2012 - 6:04pm

Australia starts new capital cycle

There is at least A$20 billion (HK$160.7 billion) of purchasing capacity available now to buy core office assets across Australia, with strong interest flowing from offshore investors on to other investor groups.

22 Nov 2012 - 2:54pm

Strong domestic fundamentals, foreign demand lift Aussie commercial property to new highs

Pedestrians walk past the offices of Macquarie Group Ltd. bank in Sydney on Oct. 25, 2010. Photo: Bloomberg

Foreign investment levels in Australia’s commercial property market are running ahead of last year’s levels.  Last year was already a record high – 25 per cent of all office, retail and industrial transactions, over A$ 5 billion, were sales to foreign investors.  For the first three quarters of this year, the proportion of offshore investor sales was 34 per cent.  We anticipate the level of for

15 Nov 2012 - 9:28am

Natural resources and the growth of Perth and Brisbane office markets

Street scene in Brisbane, Australia. Photo: SCMP Pictures

While sentiment in Australia’s resources sector has dropped significantly in recent months, this current hiatus in activity may prove a good entry point for real estate investors into the resource-driven markets of Perth and Brisbane.

1 Nov 2012 - 6:12pm