commercial property news Australia

Aug 7, 2024

Impact of ACT Lease Variation Charge changes on development – Knight Frank

The ACT's July 2024 budget significantly raises the Lease Variation Charge (LVC) for land development, may benefit large-scale developers and impact real estate affordability and supply commented Knight Frank Senior Town Planners Joshua O’Connor and Halimah Jobling.

Aug 1, 2024

Canberra office markets outperform - RWC

The Property Council of Australia’s latest bi-annual office market report reveals positive trends for Canberra, with the Civic region’s vacancy rate slightly rising but still below the national average at 9.6% says Vanessa Rader, Ray White Group Head of Reasearch.

Jul 30, 2024

Top 5 commercial property trends for the remainder of 2024 - RWC

The commercial property market in 2024 has seen a surge in available listings and improved sales activity, reflecting a renewed balance between buyers and sellers. By Vanessa Rader RWC Head of Research.

Jul 17, 2024

Flavour Frenzy: Australia’s culinary scene ignites operator enthusiasm - Colliers

Retail spending in QLD/WA/SA has continued to outperform the national average since October 2023, with current retail spending growing +2.64% in May-24 compared to the same month last year in these states shows Colliers Research data.

Jul 16, 2024

Sluggish financial year for the commercial property market - RWC

The Australian commercial property market has experienced another difficult year, with total volumes declining by 12.3 per cent to $54.6 billion in the latest financial year, despite expectations of interest rate stability and anticipation of potential rate reductions said Vanessa Rader RWC...

Jul 11, 2024

Deals

Sold

Gabba neighbour changes hands for $7.2 million - JLL

‘Gabba HQ’ 32 Logan Road sold by JLL agents Harry Borger and Tim Jones for $7.2 million.

Jul 11, 2024

Profiles

Finance Brokers

US Giant PGIM Real Estate completes first close of new $750m Australian debt strategy

PGIM Real Estate launches its first Australian real estate debt strategy, providing strong risk-adjusted returns and downside protection with an investment strategy focusing on senior development loans, gap financing and financing of transitional Australian real estate assets.