19. February 2015 23:04
National Australia Bank released the Commercial Property Survey last February 11, 2015. It shows the overall, sentiment now strongest in retail sector and weakest for office property.
Over the past years, construction has been strong with major office precincts especially in Perth. Australian office markets have been attracting international investment for the past years but nowadays, office property is the weakest. Sentiment in Commercial Property markets softened with dipping into negative territory.
Despite the sentiment is still at record lows in some states, Australian property market has remained strong through tough economic conditions.
According to NAB Group Chief Economics Alan Oster, “There was an increase in the number of developers looking residential and retail opportunities, with more also looking to acquire new properties for development.”
Commercial Property Survey Market Overview (Dec 2014).pdf (138.46 kb)
9. August 2012 21:30
Last August 08, 2012, National Australia bank released the Property Survey for June 2012. According to the survey, Australian Commercial property dropped to -16 points in June quarter. Values weakened across all sectors these past months but Professionals expected to have good rental returns.
Retail Property values are expected to fall by 1.2% while Industrial sector are expected to drop by 0.9%. Office Properties also softened in June quarter but they are still expected to rise for the coming months. Despite the slump, WA Economy is still optimistic and things will pick up soon and recover.
Commercial Property Survey _June 2012_.pdf (188.68 kb)
17. February 2012 19:07
National Australian Bank (NAB), February 15, 2012 released its Quarterly Australian Property Survey and it showed WA remained the strongest state now and over the next 2 years. Commercial Property Index still negative territory with (-6 points), but it was a slight improvement from (-13 points). WA led the entire commercial property sector including office, retail and industry segments and it’s proven by the survey that Australia’s CBD hotels and office was currently strongest in today’s conditions. According to the survey, conditions were strongest in WA but a biggest turnaround is expected in Queensland. Victoria is the weakest state as identified the very weak retail property market. WA particularly Perth are home to major international companies in which one of the factors why the state is remained strong.
Commercial Property Survey Summary (Dec-2011) (2).pdf (200.94 kb)