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Demand in Brisbane strong despite vacancy increase

THE Brisbane office market has experienced strong demand in the last six months, according to the property Council of Australia’s latest Office Market Report. ... Full story

Tenants hungry for space in Perth

PERTH CBD office vacancy rates remain steady, despite a record injection of new office supply, the equivalent of almost two Central Park buildings. ... Full story

Canberra office recovers

CANBERRA'S office vacancy rate has decreased to its lowest level since January 2010, according to the latest Property Council of Australia's Office Market Report. ... Full story

Residential approvals dip after May surge

RESIDENTIAL building approvals have declined by 2.5% in June following a 27% increase in May, according to the Australian Bureau of Statistics. ... Full story

Foreign investors plough 10.8bn in Australia

AUSTRALIA was the most popular destination for foreign investors, who invested $US10.8 billion in the 12 months to June 30, according to CBRE. ... Full story

Residential and non-mining to take driver's seat

RESIDENTIAL and non-mining activity will drive the next stage of economic growth, according to BIS Shrapnel’s recently released Long Term Forecasts 2012-2027 report. ... Full story

Renewed industrial demand spurs speculative projects

MELBOURNE'S industrial property market has been given a shot in the arm, with developers injecting approximately 79,000 sqm of space over the June quarter, according to Knight Frank. ... Full story

Retail property stalled buy investors still keen

RETAIL property vacancy rates have increased moderately and rental growth has stalled, but the weak fundamentals have not stifled investment activity, according to Jones Lang LaSalle. ... Full story

More pain before gain for Canberra office

THE Canberra market faces more challenges with several more years of high vacancy rates and negligible rental growth, according BIS Shrapnel. ... Full story

Melbourne retail rents catching up to Sydney

SUPER prime retail rents in Melbourne have soared 20.8% to $AU8,700 sqm, slowly catching up to Sydney which fell 14.7% to $AU11,560 sqm, according to CBRE. ... Full story

Melbourne office market in danger

THE Melbourne CBD office market has recorded a net absorption of -16,400 sqm in the Q2 and is in danger of having vacancy rates move up to 10%, according to Jones Lang LaSalle. ... Full story

Loan approvals weakens despite rate cut

HOUSING finance approvals fell by 1.4% in May, following a 1.5% in April, according to the latest figures from the Australian Bureau of Statistics. ... Full story

High retail turnover days are over

THE days of high retail turnover growth spaning from the mid-1990s to the GFC, will not be returning, according to BIS Shrapnel's latest report on the retail property sector. ... Full story

Construction market remains subdued

THE construction industry has remained in the doldrums in June, the Australian Industry Group Australian Performance of Construction Index was unchanged at 34.8 points. ... Full story

Foreign investments nosedive

FOREIGN investors are withdrawing from the Australian commercial property market, accounting for just 14.7% of activity in Q2 compared to 27% in the Q1 and 30% last year, according to CBRE. ... Full story

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