RESIDENTIAL PROPERTY
AUSTRALIA’S industrial demand remained robust in the last quarter of 2023, with rents growing by 3.9%, though signs of weakening growth have begun to...
According to JLL Research, Gross State Product (GSP) weighted prime net face rents increased by 3.9% quarter-on-quarter nationally over 4Q23...
This was above average quarterly growth levels though was down on the elevated growth recorded in the first three quarters of the year...
This is in line with the annual 15-year average but below the heightened levels seen over the last five years, which averaged 1.3 million per annum...
“As landlords and developers embrace the evolving rental growth cycle, the long WALE (weighted average lease expiry) lease to a good covenant is returning as the preferred option...
“Enquiry levels are robust as businesses that paused decision making in the second half of 2023 return to the market in 2024 with confidence that inflation is likely tamed...
Prime and secondary face rental growth for Melbourne’s West was up 2.0% q-q and 3.3% q-q and in Melbourne’s South East was up 3.3% q-q and...
In Sydney’s Inner West, Outer North West and Outer South West precincts prime and secondary face rental growth ranged from 1.5% to 3.2%...
Across Brisbane markets, solid net face rental growth ranging from 1.7% to 2.7% q-q was recorded...
While Perth industrial rents stalled for a second quarter across all precincts and Adelaide precincts recorded weaker results for prime grade assets than...
“We are at an important turning point in the cycle. Though we are projecting strong net face rental growth in 2024 for key markets, the performance of markets will...
“With construction cost inputs and financing costs elevated, development feasibilities will remain challenged particularly for those groups that secured land recently at...