Australia Real Estate Market Research Report: Ken Research

   2019-09-17       61        Business
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The real estate market has been categorized into four sub-categories which include residential real estate, office real estate, retail real estate and hospitality real estate.

How the Australia Real Estate Market is Positioned?

The Real Estate Market In Australia is currently at its growth stage. The real estate market has been categorized into four sub-categories which include residential real estate, office real estate, retail real estate and hospitality real estate. 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. The country witnessed 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 over the years. Since, the real estate market is witnessing a growth in Australia; it has simultaneously contributed to the growth of other industries such as facility management.  The real estate market of Australia was growing at a rapid pace since the year 2017. The prices of residential dwellings were breaking all-time high records in 2017 resulting in the affordability issues for the buyers. Also, owing to the favorable payment scheme introduced for the first time buyers, in order to prevent the market from any downfall and help in contributing to growth.

Introduction of negative gearing scheme, introduction of the depreciation tax scheme and the massive inflow of Chinese investors in the real estate sector has been complimenting the size of this industry. Properties in Sydney and Melbourne account for ~% of the total number of properties in Australia, and ~% in terms of value. At the same time, Brisbane is the third biggest city and a highly popular choice among many property buyers. Sydney, Melbourne and Brisbane were the most preferred cities for investment for national and international investors in the year 2017 and 2018 because of their large influence in the Australian economy.

How is the Australia Retail Real Estate MARKET Positioned?

Australia retail real estate industry was observed to grow in past five years recording a CAGR of ~% 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 market is growing in Australia owing to the favorable demographics of the country, rise in population with a strong growth trajectory in tourism, and increase in the per capita income. The retail supply per capita was approximately ~ square meters in 2018 and is projected to be ~ square meters in 2019, and it averages just ~ square meters per annum. The change and development in the retail industry in Australia is driving greater demand for the retail real estate. The country witnessed increased opportunities for the investors to acquire major retail assets, which historically was not accessible in the country.

What Are The Factors Inflecting Retail Real Estate Sector In Australia?

Population of Australia: The rise in population with a strong growth trajectory in tourism and per capita income are the major reasons for the upward growth of the retail sector in all the states.

Growing Investment Market: Growing retail industry in the country has increased the investments market.

Income and wages of Australian’s: The change in the income and wages of the Australian population has contributed in the growth of the retail real estate industry in the country.

Changing trends in the food and beverages sector: The Australian lifestyle is shifting from the big weekly food shop towards daily food purchases and increased consumption of prepared meals.

Retail Spending: Australian retail sales moving annual turnover grew by about ~% over the year 2018. The increased spending on the retail sector has also been as contributor of growth in the real estate market in Australia.

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