Australian Capital Flows Report 2024

Key points: 

• Improvement in property transactions in 2024, with total volumes across Office, Retail, Industrial and Living reaching $29.2 billion. This is 21% higher than 2023 levels.
• Office has returned to number one, with transactions of $8.4 billion in 2024, up 56% y-o-y. Retail has also rebounded strongly and become the second most active sector with $7.3b worth transacting (+34% y-o-y). I&L in third at $7.1 billion and up 14% since 2023.
• Investment from offshore groups increased by 37% in 2024 ($8.3 billion).
• The Office sector was the most favoured sector from offshore groups.  
• The United States became the number one source market in 2024, accounting for $3.6 billion worth of transactions.