Valuer’s Viewpoint

Office Market Dynamics in the Most Liveable City

21 June, 2013 by David Morton Leave a Comment

MELBOURNE’S IDENTITY as the World’s Most Liveable City owes much to the transformation of its Central City over the past two decades — into a series of vibrant projects, places and precincts. And these offer an interesting mix of … housing, offices, retail, entertainment, tourism, dining, civic and cultural opportunities — where there are concentrations of people wanting to live, work and play.

Whilst the development of apartments has been transformational for the Central City, this segment is about to enter a phase of historic high supply (2013-2015) as well as unprecedented levels of “internationalisation” of the product, developers and capital associated with this market. [Read more…]

Filed Under: *Expert Panel, Market Sectors, Offices, Residential vs Commercial, Valuer's Viewpoint Tagged With: Australia, chris lang, commercial property investing, commercial property investment, commercial property made easy, commercial property real estate, commercial real estate investing, commercial real estate investment, investing in commercial property, investing in commercial real estate, Melbourne commercial property, property commercial

Industrial Property Starts to Makes Sense

6 June, 2013 by David Morton Leave a Comment

INTERESTINGLY, the Industrial property market in metropolitan Melbourne still remains the largest in Australia.

The market has evolved significantly over the last two decades — largely underpinned by the strong growth in supply chain sectors (ie: the transport, logistics and distributions sectors).

In addition, there has been significant infrastructure investment, population and workforce growth … along with the entry of major institutions and developers. [Read more…]

Filed Under: *Expert Panel, Economic Issues, Employment, Global Scene, Industrial Sector, Market Sectors, Valuer's Viewpoint Tagged With: Australia, chris lang, commercial property investing, commercial property investment, commercial property made easy, commercial property real estate, commercial real estate investing, commercial real estate investment, industrial_property, investing in commercial property, investing in commercial real estate, Melbourne commercial property, property commercial

Melbourne Office Market is Holding Its Own

16 May, 2013 by David Morton Leave a Comment

MELBOURNE is Australia’s second-largest office market, and has remained relatively resilient since 2010.

A range of factors supported this, including … limited new supply and growth in absorption (driven by Australia’s economic recovery during that period).

Underlying Strength

On the demand side in particular, the size and diversity of Melbourne’s white-collar workforce was a key reason supporting the market’s resilience, although on-going staff reductions in the finance and government sectors is lessening demand. [Read more…]