Change in the retail industry is driving greater liquidity in the investment market given the need to more proactively manage assets and portfolios. Opportunities are emerging for investors to acquire major retail assets, which historically have not been accessible.
The report titled, “Australia Real Estate Market Outlook to 2023 – By Residential Real Estate Market (Apartment & Villas), By Retail Real Estate Market (Regional, Sub-Regional, Neighborhood, CBD, Large Format Retail and Others), By Office Real Estate (Grade A, Grade B and Premium Offices) and By Hotel Real Estate Market (3 Star, 4 Star, 5 Star and Other Hotels)” by Ken Research observed that introducing green and sustainable buildings, increasing co-working operators, establishing tie-ups between real estate agents and real estate companies, focusing towards affordable housing and increasing the offshore and local investor activities will collectively drive the Australia real estate market demand in the near future along with a CAGR of 2.7% towards residential space in terms of revenue; 4.1% towards retail space in terms of floor space supply and 4.0% towards hotel real estate during the forecast period of 2019-2023 in terms of revenue per available room.
Australia being a stable nation is one of the most preferred countries to live and do business as it offers good education and has a preferable climate. Foreign investors, mainly from China, have largely influenced the market resulting in the increase in the real estate. The real estate market of Australia was majorly affected by the total number of tourists and migrants from local and overseas location due to which the hotel and office real estate sectors showcased a continuing growth. The office sectors were moving to fringe and new developed CBD areas due to the lack of floor space in the city and central business districts. Retail sector was dependent on the residential and commercial sector, out of which the residential segment had a positive but a slow growth rate.
Australia used favorable payment scheme and other policies such as depreciation tax scheme for the first time buyers and others, to prevent the market from any downfall. These benefits encouraged the buyers to invest more in real estate to drive up the prices within Australia. The lower demand for residential dwellings and a tightening of lending to investors influenced the price falls in the country as a result, regulators had progressively clamped down risky lending, such as interest-only mortgages.
Co-working spaces are gaining traction in the Australia real estate market. Within a very short span of time, co-working spaces have grown multiple times and now have become one of the leading and the fastest growing lessees of office properties. Technology enterprises and start-ups are the main occupants of co-working spaces within Australia as it was observed that large scale developers and corporate are also shifting towards creating co-working spaces. Easy availability of funds and mass acceptance of these operators is driving the demand for co-working spaces in the country especially in the CBD region of Australia.
The hotel space within Australia real estate industry was witnessed to grow in terms of total room revenue. Major demand driver for the hotel real estate space was tourism which saw a record growth in terms of tourism arrivals in the year 2018. Hotel development in Australia is majorly focused on luxury and upper upscale segments thus, reflecting a higher proportion of mixed use developments. Apart from that, Australia’s boutique and lifestyle hotel market has expanded in the period from 2013 to 2018 with the opening and repositioning properties and the entry of new lifestyle and soft hotel brands.
Key Segments Covered:-
Australia Retail Real Estate Market
By Type:
Regional
Sub-Regional
Neighborhood
CBD
Large Format Retail
Others (Small Retail Stores and Independent Stores)
By Geography:
New South Wales
Victoria
Queensland
Western Australia
South Australia
Northern Australia
Tasmania
Australian Capital Region
Australia Hotel Real Estate Market
By Type:
3 Star Hotels
4 Star Hotels
5 Star Hotels
Others (Less than 3 Star Hotels)
By Geography:
New South Wales
Victoria
Queensland
Western Australia
South Australia
Northern Australia
Tasmania
Australian Capital Region
Australia Office Real Estate Market
By Type:
Grade A Office
Grade B Office
Premium Office
By Geography:
New South Wales
Victoria
Queensland
Western Australia
South Australia
Northern Australia
Tasmania
Australian Capital Region
Australia Residential Real Estate Market
By Type:
Apartments
Villas
By Geography:
New South Wales
Victoria
Queensland
Western Australia
South Australia
Northern Australia
Tasmania
Australian Capital Region
Key Target Audience:-
Real Estate Developers
Independent Investors
Real Estate Consulting Companies
Third Party Real Estate Companies
Independent Architects
Government Associations and Agencies
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023
Companies Covered:-
Metricon Homes Pty Ltd
Dyldam Developments pty limited
Burbank Group
GJ Gardner Homes
Multiplex Group
ABN Group
MJH Group
Stockland Corporation Limited
Frasers Property Australia Pty Ltd
Henley Properties, Australia
Lendlease group, Australia
Probuild Constructions (Australia) Pty Ltd
CPB Contractors
John Holland, Australia
Key Topics Covered in the Report:-
Australia Real Estate Market
Australia Real Estate Market Revenue
Sydney Real Estate Market
Adelaide Real Estate Industry
Tasmania Real Estate Market
Victoria Real Estate Market
Number of Migrants in Australia
Australia Retail Real Estate Market
Australia Hotel Real Estate Market
Australia CBD Real Estate Market
Upcoming Retail Projects Australia
Australia Real Estate Floor Space
Types of Hotels Australia
Melbourne Real Estate Market Size
For more information on the research report, refer to below link:-
Australia Office Real Estate Market
Related Reports:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
