CBRE’s Market Outlook 2020 features six city-focused reports that provide granular insight into Australia’s larger capital cities that are unique in underlying economic drivers and property market characteristics.
Cranes and construction sites are widespread in Sydney and Melbourne where infrastructure, housing and non-housing construction is changing the face of Australia’s largest cities.
Brisbane is benefitting from migration from the southern states that is contributing to low levels of residential vacancy, which combined with falling levels of new residential supply will cause dwelling price growth to accelerate this year.
Perth is seeing another crop of green shoots sprouting; there is optimism that this time they will continue to grow.
The South Australia Government is striving to turn Adelaide into an innovation hub and turn interstate migration inwards instead of outwards.
Canberra has seen an absence of new office supply over recent years but that will change in the years ahead. Construction of residential apartments is at heightened levels which will exert downward pressure on rents and values.