Australia Real Estate News
Australia
Australia's Office Sublease Market Recovering, Regardless of City Lockdowns
Global property consultant CBRE is reporting this week that office sublease availability across Australia's major cities has fallen to the lowest level in a year, despite prolonged lockdown restrictions in Sydney and Melbourne.
Despite COVID, Australia Hotel Sales Enjoy 5-Year High
According to global property consultant CBRE, Australian hotels sales have surged to almost $2 billion this year - hitting a five-year high and up from just $681 million 2020 - despite a year of lockdowns and ongoing travel restrictions.
Residential Sector to Command Larger Slice of Global Property Investment
The sector's share of capital flows will continue to be supported by favorable demographic, economic and capital markets tailwinds which will drive expansion in established markets and accelerate growth in emerging markets in Asia Pacific and Europe.
Asia Pacific Commercial Property Investment Spikes 30 Percent in 2021
According to global real estate advisor JLL, Asia Pacific commercial real estate investment volumes continued to rebound strongly in the first nine months of 2021, up 30% compared to the same period in 2020.
