Australia Real Estate Market Outlook to 2023: Ken

Research
The report titled “Australia Real Estate Market Outlook to 2023 – By Residential
(Apartment & Villas), By Retail (Regional, Sub-Regional, Neighborhood, CBD, Large
Format Retail and Others), By Office (Grade A, Grade B and Premium Offices) and By
Hotel (3 Star, 4 Star, 5 Star and Other Hotels)” provides a comprehensive analysis of the
real estate space within Australia. The report covers various aspects such as overview and
supply as well as demand assessment for each sector. Comparative landscape has been
presented at an overall level. The report concludes with future outlook, supply-demand
gap analysis, key investment pockets and recommendations.

Australia Real Estate Market Introduction and Overview

Real estate market within Australia is currently at its growing stage. The country witnessed
a declining mortgage interest rate in the real estate market owing to which the demand
for the real estate has increased over the years. It observed a growing demand in the
office, hospitality and retail real estate sector owing to favorable demographics of the
country and the increase in the number of tourist arrivals. The prices of residential
dwellings were breaking all-time high records in 2017 thus, resulting in the affordability
issues for the buyers. Properties in Sydney and Melbourne account for majority of the
residential dwellings in Australia.
Australia Retail Real Estate Market
Australia retail real estate industry was observed to grow in past five years thus, recording
a positive CAGR in terms of revenues during the review period 2013-2018 owing to the
rising urban density, declining vehicle use, online retailing and the increasing popularity of
prepared or semi prepared meals. The country witnessed increased opportunities for the
investors to acquire major retail assets, which historically was not accessible in the
country. Bulk of this supply will include neighborhood retail centers and large format
retail. For the investor, stable economic growth, low interest rates and relatively
attractive yields should continue to drive a strong demand when compared to many
overseas markets.

Australia Hotel Real Estate Market

The hotel space within Australia real estate industry was witnessed to grow in terms of
total room revenue. The hotel real estate industry of Australia showcased a five year
positive CAGR during 2013-2018. Australia’s accommodation pipeline had a positive
growth in year 2018 with the opening of new rooms across the ten major markets and
further new rooms in Sydney and Melbourne’s hotel markets. With a strong economic
backdrop and significant investments in tourism and transport infrastructure, demand is
expected to absorb the additional supply as Australia’s appeal as a premium destination
for visitors continues to grow.
Australia Office Real Estate Market
Office real estate industry showcased a positive growth for the present and future due to
the movement of office spaces in new CBD areas such as Parramatta region. White-collar
employment growth, strong rent reversion, declining national vacancy and an
unprecedented infrastructure spend have all contributed to Australia’s global office
strength. The eastern seaboard recorded the highest volume of investment activity and
NSW dominated the office market in Australia. Amenities and building specifics such as
floor space and ceiling height, and the specific layout of a building, will increase the
demand of the office space for the local and international investors.

Snapshot on Co-Working Spaces in Australia

Co-working office supply within Australia has surpassed demand in 2018. Steady and robust
supply increase in number of listed workspaces and increase in business movement to
flexible office space is expected in next 5 years. Global players such as WeWork and Spaces
have established their market presence thereby, challenging locally owned and operated
companies such as Hub Australia and One Roof.

Australia Residential Real Estate Market

The residential real estate industry of Australia showcased a positive 5 year CAGR during
the review period 2013-2018. The market is considered to be in a correction phase that will
make housing more affordable for home buyers in the long run.
The country witnessed an oversupply of residential dwellings in some major capital and
sub urban areas in the year 2017 and 2018. It is expected that the prices will further decline
to normal levels in the coming years, most likely, making property more available for local
buyers.

Comparative Landscape within Australia Real Estate Market

The real estate industry has intensified competition on the back of an increasing demand
for newer properties and commercial activities. The industry was observed to be highly
fragmented. Major players include Metricon Homes PTY Ltd., Dyldam Developments PTY
Ltd., Burbank Group, GJ Gardner Homes, Multiplex Group, ABN Group, MJH Group and
others. Major competition parameters include land bank, location of the property,
construction costs and reputation of the company.

Australia Real Estate Market Future Outlook and Projections

Retail Market: Population growth in east coast markets will be driving the growth in the
neighborhood shopping centers in urban areas. An addition of 250,000 square meters of
retail space for neighborhood store is expected to be delivered by the year ending 2019.
For an investor, stable economic growth, low interest rates and relatively attractive yields
should continue to drive strong demand for Australian retail property in the forecasted
period.
Hotel Market: The transaction activities are expected to increase in the upcoming years as
majority of hotel assets are currently being marketed or are in pipeline. Key upcoming
supply includes DoubleTree by Hilton, Northbridge, Ritz-Carlton and others.

Office Market: Metro office markets in Australia will have a growing role to play in
accommodating employees in the future. Office supply will be driven by improved
infrastructure, such as Sydney’s Northwest and City and Southwest Metro rail project and
Melbourne’s proposed underground suburban rail loops, which will further open up
suburban markets to office occupiers.

Residential Market: The residential space in Australia is estimated to be driven by rising

population, increase number of local and international migrants and the trend of shifting
towards the apartment living.

Key Segments Covered:-

Australia Retail Real Estate Market
By Type:
Regional
Sub-Regional
Neighborhood
CBD
Large Format Retail
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:-
Real Estate Market Scenario in Australia, 2013-2018
Australia Macro Economic Overview

Australia Retail Real Estate Market

Market Overview and Genesis
Factors Inflecting the Retail Space
Current and Future Demand
Current and Future Supply
Demand Supply Gap Analysis
Regional Landscape
Retail Market Outlook, Opportunities and Future Development Trends
What Gaps Exist in the Retail Sector?
Recommendations / Success Factors for Developing Retail Centers
Key Features and Characteristics
Key Pocket Opportunities

Australia Hotel Real Estate Market

Market Overview and Genesis
Factors Inflecting the Hotel Space
Current and Future Demand
Current and Future Supply
Demand Supply Gap Analysis
Regional Landscape
Hotel Market Outlook, Opportunities and Future Development Trends
What Gaps exist in the Hotel Sector?
Recommendation / Success Factors for Developing Hotels
Key features and Characteristics
Key Pocket Opportunities
Snapshot on Lifestyle Hotels

Australia Office Real Estate Market

Market Overview and Genesis
Factors Inflecting Office Space
Current and Future Demand
Current and Future Supply
Demand Supply Gap Analysis
Regional Landscape
Office Market Outlook, Opportunities and Future Development Trends
What Gaps exist in the Office Sector?
Recommendations / Success Factors for Developing Offices
Key Features and Characteristics
Key Pocket Opportunities
Snapshot on Co Working Spaces
Australia Residential Real Estate Market
Market Overview and Genesis
Factors Inflecting the Residential Space
Current and Future Demand
Current and Future Supply
Demand-Supply Gap Analysis
Regional Landscape
Residential Market Outlook, Opportunities and Future Development Trends
What Gaps Exist in the Residential Sector?
Recommendations / Success Factors for Developing Residential Dwellings
Key Features and Characteristics
Key Pocket Opportunities
Trends and Developments
Issues and Challenges
SWOT Analysis
Snapshot on Brokerage Market
Property Buying Process
Comparative Landscape
Does the Real Estate landscape is forecasted to be positive and encouraging to invest in
Australia?
For more information on the research report, refer to below link:-
Australia Office Real Estate Market

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