A Brief Local Investment Market Outlook

Although yields have shifted and transaction volumes are down, market sentiment is beginning to settle as both buyers and vendors see the floor of the market here or soon to be, paving the way for an increase in transactions for the immediate future. An ongoing increase in construction costs continues to impact project viability, however, this theme is contributing to the rise in rents across the market coupled with vacancy rates on a rapid decline. We expect office demand to continue improving over the coming months as the investment proposition in Brisbane outweighs that of Sydney and Melbourne in the medium to long-term outlook.