Savills release office report
Friday, August 8th, 2008Following the Property Council of Australia’s latest research, Savills
has released its office market report, looking at Sydney, Queensland,
Victoria, South Australia and West Australia.
Following the Property Council of Australia’s latest research, Savills
has released its office market report, looking at Sydney, Queensland,
Victoria, South Australia and West Australia.
There are significant challenges ahead in the commercial real estate
market over the next 12 months, according to CB Richard Ellis executive
director of research and consulting, Kevin Stanley.
German funds have the capacity to acquire a further $1billion in
Australian commercial real estate this year, according to new estimates
from CB Richard Ellis.
Business conservatism has put the brakes on the Sydney office leasing
market as a growing number of companies choose to stay put rather than
relocate, according to CB Richard Ellis.
According to CB Richard Ellis, proposed regulatory changes, increased foreign competition and
the potential liberalisation of planning laws will provide long term
benefits for the Australian retail market.
CB Richard Ellis has forecast tough conditions for the Sydney industrial sector as yields and capital values continue to soften and as development activity comes down from a cyclical high.
Despite weakness in the broader market, a supply / demand imbalance is
supporting the continued strength of the Australian hotel investment
sector.
The latest AFG Mortgage Index has shown a 17% increase in sales figures from June to July, suggesting an increase in market share.
Given the possibility of future interest rate cuts, Raine & Horne has
called on banks to pass on any cuts immediately so as to boost the
housing market and stimulate the economy.
According to the HIA, home lending for both owner occupiers and investors have continued to slide in June.