Australian Capital Flows Report – H2 2025

Key Points:

• Sales volumes in 2025 declined by 7% y-o-y, a reversal of the growth observed in 2024.
• The retail sector was the favoured sector in 2025, with volumes growing by 22% y-o-y to $11.4 billion.
• Volumes in I&L and Office both declined for the year.
• Total offshore capital invested in 2025 reached $9.3 billion, 12% higher than the previous year.
• North American capital led the charge, injecting $3.9 billion.
• Japanese investors maintained strong interest, allocating $2.3 billion over the year.