2020 wrap up for Victoria and predictions for 2021
"We're pleased to present an overview of the year that was and a look forward to 2021 across the Victorian property market."
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"We're pleased to present an overview of the year that was and a look forward to 2021 across the Victorian property market."
"If there’s a theme for the overarching Victoria property market, it’s that the lower interest rate environment will continue to maintain demand for quality assets as it has in 2019."
"We are seeing resurgent confidence in Melbourne’s residential development market, after a prolonged period of stagnation."
"Melbourne is the most sought after office property location in Australia, with unprecedented local and offshore appetite continuing. "
"Landlords are recognising the need to offer vacant tenancies under 300sq m as fully fitted turnkey solutions to tenants."
"It was only a few years ago that coworking office space was relatively unknown, but it is quickly changing the face of commercial real estate."
"Melbourne’s office and industrial property markets are expected to remain strong, with technology underpinning their growth and evolution."
"Transactional activity in industrial assets rebounded in 2018, after muted activity in 2017, with about $4.42 billion of industrial assets."
"We have seen a healthy and strong finish to 2018, with the shortage of land pushing prices to unprecedented highs. "
"Income-producing assets have fared exceptionally well in Melbourne’s commercial property market in 2018, despite media coverage around falling confidence in the market."