'Solid' investment expected to continue this year, says Urban Property Australia
Urban Property Australia has released its forecast for the nation's property market in 2019, with Managing Director Sam Tamblyn giving his predictions for the retail, industrial, investment, and residential sectors, as well as the economy.
Knight Frank and CBRE have predicted steady growth for Australia's office market in 2019, with demand set to rise outside the traditionally dominant centres of Sydney and Melbourne.
Trends that emerged in the retail sector during 2018 could become more pronounced across the next 12 months, according to CBRE's National Director for Retail Investments, Mark Wizel.
Property Council seeks submissions as ACT commercial rates inquiry announced
With commercial rates in the ACT around nine times higher than residential, the Property Council is urgently seeking data for commercial office space to provide an insight into the current effects of rate increases.
Falling vacancy rates and strong investment activity is leading to a tightening of the Adelaide office market, according to a recent Knight Frank report.
