RESEARCH
VALUES have not bottomed out in Melbourne’s office market with the gap between buyer and seller expectations widening further, implying that the current repricing cycle...
Although it paints a challenging picture for the Melbourne office market in the year ahead, particularly for vendors looking to offload assets on their books, Australia’s commercial...
According to the latest MSCI Capital Trends Report, after two lacklustre years transaction volumes in Q2 2024 totalled $11.8 billion, which is just 5% below Q2 2023...
However MSCI Pacific head of real estate research Benjamin Martin-Henry noted that volumes for Q2 2024 were around 27% below the five-year average for Q2, indicating the...
Nevertheless, this recovery was not expected to be V-shaped like the post-Covid resurgence, so any signs of revival are welcome news for the market. In these turbulent times...
Retail volumes were up by 1% YOY for Q2 and 11% for H1 2024 relative to 2023. Neighbourhood and sub-regional shopping centres activity surged by 36% compared to the first half of...
Notable transactions in the first half include the sale of Westfield Tea Tree Plaza, Stockland Glendale and Cairns Central. And recently Scentre Group and ...
The office sector followed a similar pattern with an average price paid of $10.7 million in the first half of 2024, significantly higher than $6.5 million a year earlier. This increase...
Notable transactions were include Mitsui Fudosan, which acquired a 66% stake in the office development of 55 Pitt Street for $1.3b in the largest deal of...
Valuations have adjusted enough to provide evidence to sellers that they have to drop their price more. On the other hand, buyers are happy to take advantage of...
So far MSCI data shows Melbourne office peak to trough values have fallen 21% in this cycle, which is more than the 14% decline recorded during (GFC). Based on the current data...
Meanwhile the latest results of the MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index show in the 12 months to June 2024, the overall index fell...
No fund type in the index managed to avoid write-downs in the last financial year. Industrial and retail funds recorded capital growth of -8.6% and -7.2%, respectively. Retail specialist funds...