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Australia Capital Trends Report
Aug 10, 2023
In this report we isolate the trends shaping the Australian market in Q2 2023. Australia's commercial property market continued its significant slowdown with transaction volume totaling just $7.0b in the second quarter of the year. This represents the worst second quarter performance since 2011.
Key takeaways include:
- For the first half of 2023, transaction activity amounted to just $14.2b, resulting in a 62% decrease compared to the same period last year.
- When compared to average volumes over the past five years, transaction activity for the first half of 2023 was 49% below trend, with the number of deals also down close to 50%.
- Over $4.3b worth of assets are currently in the pipeline and expected to close later this year, barring unforeseen challenges.
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