Press enter

Australian commercial property market steady | 11 May 2012

The commercial property sector in Oceania has shown signs of remaining steady as a new study reports little change in activity compared to the final three months of last year.

The Royal Institution of Chartered Surveyors (RICS) Oceania Commercial Property Survey notes that Australia’s market is ‘stable’ as occupier demand and the amount of space available remains level, reports propertyshowrooms.com.

However, investment inquiries managed to climb during the first quarter of 2012, with the report stating: “Capital value expectations remain flat, but could begin to pick up in the coming three months if the surge in investor demand is anything to go by.”

New Zealand, on the other hand, has seen a rise in demand from occupiers for the first time in nearly a year, marking a return to form for the sector.

Kaye Herald, RICS Asia Pacific Managing Director, spoke to rics.org regarding the level market: “The Oceania region is still an attractive market place for international investors, which is being shown in these recent survey results. Australia and New Zealand continue to show a healthy market place well ahead of the northern hemisphere, which is only just starting to show signs of repair after the global down turn.”

RICS’s figures follow a survey from National Australia Bank which suggests that office property in central business districts, as well as the hotel industry, are ‘robust markets’ for investors.

Written by Ashley Curtis on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

Share this story
Posted by Matt Roobol

More News

Qube Global Software wins Industry Supplier of the Year Award for 2nd consecutive year | 2 December 2016

Qube Global Software won Industry Supplier of the Year at the News on the Block Property Management Awards for the second year running.

Qube Global Software to host webinar with the Facilities Show | 24 November 2016

We have partnered with the Facilities Show to host an exclusive webinar on the relationship between facility, property and estate managers and their service providers and contractors.

Qube Global Software shortlisted as Industry Supplier of the Year | 9 November 2016

We are delighted to announce that Qube Global Software has been shortlisted in the Industry Supplier of the Year category at the Property Management Awards 2016, hosted by News on the Block.

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close