Commercial Property Market Trends

Australia’s two-paced retail market has continued to diverge, with rental growth in Sydney and Melbourne still gathering steam, while other cities tread water or lose ground.

Industrial tenants are continuing to show an appetite for new space, with take-up ballooning across Australia’s three major markets.

Sydney’s pub market is surging into life after a quiet start to the year with Oxford St institution The Colombian Hotel on the block and expectations it will sell for about $20 million. This article originally appeared on theaustralian.com.au/property.

Red tape that restricts overseas investors from buying Australian farms should be removed to promote more foreign investment, a report has found.

Victoria was once dubbed “the place to be”, and the slogan is ringing true for commercial property, with sales in the last financial year almost doubling the 10-year average.

Strata office values in the supply-starved Sydney CBD market have skyrocketed by almost 30% in the first half of the year.

Retail investors spent almost $10 billion acquiring new assets during the last financial year – eclipsing the five-year average by almost $3 billion.

Sydney and Melbourne’s office markets continued their strong performances during the June quarter while resources-hampered cities struggled, leading to a widening gulf between the cities. This article originally appeared on theaustralian.com.au/property.

AMP Capital has appointed Brookfield Multiplex to build the $600 million redevelopment of Perth’s Karrinyup Shopping Centre, just hours after CBD shopping centre Carillon City hit the market.