Australia

Market Report

Perth Market Report

Perth Commercial Office Market rose by 19% in the last quarter with over 18% vacancy

Australia is a highly developed country, with the world’s twelfth-largest economy. It has a high-income economy, with the world’s tenth-highest per capita income. Australia is a regional power, and has the world’s thirteenth-highest military expenditure. Immigrants account for 30% of the country’s population, the highest proportion among major Western nations. Having the eighth-highest Human Development Index, and the ninth-highest ranked democracy globally as of 2020, Australia ranks highly in quality of life, health, education, economic freedomcivil liberties, and political rights, with all its major cities faring exceptionally in global comparative livability surveys. It is a member of the United Nations, the G20, the Commonwealth of Nations, the ANZUS, the OECD, the WTO, the APEC, the Pacific Islands Forum, the Pacific Community and the ASEAN + 6 mechanism.

Sydney

Australia’s largest city is currently experiencing significant impacts of the Covid-19 crisis with sustained lockdowns impacting economic activity across the city. 

A majority of the CBD activity has decreased in the last few months, with many smaller operations facing significant financial distress. 

Melbourne

As with Sydney, Melbourne is also currently experiencing significant impacts of the Covid-19 crisis with sustained lockdowns impacting economic activity across the city. 

The sustained lockdowns in 2020 were amongst the most severe globally, with almost five million residents locked down for almost seven months. 

An additional outbreak in July 2021 has see a return to significant lockdowns in Melbourne and across country Victoria. 

Brisbane

Perth

Australia’s largest city is currently experiencing significant impacts of the Covid-19 crisis with sustained lockdowns impacting economic activity across the city. 

A majority of the CBD activity has decreased in the last few months, with many smaller operations facing significant financial distress. 

Adelaide

As with Sydney, Melbourne is also currently experiencing significant impacts of the Covid-19 crisis with sustained lockdowns impacting economic activity across the city. 

The sustained lockdowns in 2020 were amongst the most severe globally, with almost five million residents locked down for almost seven months. 

An additional outbreak in July 2021 has see a return to significant lockdowns in Melbourne and across country Victoria. 

Canberra