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
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:-
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:-
Related
Reports:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
