Growth still coming for Sydney, Melbourne commercial property

Growth still coming for Sydney, Melbourne commercial property
Growth still coming for Sydney, Melbourne commercial property

An upswing in the Melbourne and Sydney commercial property markets is expected to continue for the next two years, according to the Property Directions Survey by the Australian Property Institute.

API NSW president George Vallas respondents to the survey were asked to plot their predictions of where the national commercial markets would be against a property clock, with 12 o'clock indicating the peak of a cycle and 6 o'clock indicating the bottom.

"Currently, commercial property in Sydney and Melbourne is at 10 o'clock on the property clock. Respondents to our survey expect that commercial property markets in these cities will be at 11 o'clock next year, and 12 o'clock in 2017," he said. 

"Commercial property in Brisbane is expected to remain at approximately the same position over the next two years, which is almost halfway along the upswing of the property cycle.

"Industrial and retail property is currently at approximately the same point on the upswing of the property cycle (10 o'clock) across Sydney, Melbourne and Brisbane, with some way to go until it reaches its peak. The exception is retail property in Brisbane, which is currently at 9 o'clock. 

"By 2017, both retail and industrial property across all three cities will have reached the top of the property cycle."

 

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2015

Growth still coming for Sydney, Melbourne commercial property

 

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2016

Growth still coming for Sydney, Melbourne commercial property

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2017

Growth still coming for Sydney, Melbourne commercial property

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Industrial Commercial Market

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