State by State Outlook
Sydney
The survey has Commercial as the best performer over the next three years with industrial and retail having similar performance expectations over the same period, although Industrial shows improvement in the latter part of the study.
Melbourne
Retail is expected to be the best long term performing property sector with a steady improvement in the commercial sector over the longer term and a corresponding decline for Industrial.
Brisbane
The survey has commercial as the best performing sector over the next two years with a decline in year three and a steady improvement in both industrial and retail over the three year term.
Perth
The Commercial sector, according to respondents, will be the best performing sector over the next three years with the Retail market showing some improvement as a comparative sector of the market in three years.
Adelaide
Retail is still considered to be the best performing sector with Commercial and industrial remaining steady as a sector over the next three years.
Canberra
Commercial and Retail are shown as the competitive sectors in the short term with Retail being the dominant sector for the remaining period of the study.
Hobart
Retail continues to be rated as the best performing sector over the next three years.
By Australian Property Institute’s research committee headed Phil Bennett, of Phil Bennett & Associates.
