CBD investment accounted for two-thirds of sales across Australia
A total of $17.09 billion was transacted in the Australian office market in 2017, marking a four per cent increase on 2016 levels and reversing the trend of the prior two years when falls were recorded.
The rise in the number of assets available, along with increased prices, saw 2017 levels fall just shy of the recordhigh $17.35 billion seen in 2014.
Across the office landscape, offshore investors remained the dominant purchasers in 2017, accounting for 43 per cent of sales. This was followed by unlisted funds and syndicates, representing 26 per cent. While nine per cent of purchases by value were made by AREITs, making them slightly more active in 2017.
Sydney remained the dominant market for investment, accounting for 47 per cent of all office transactions by value said John Bowie Wilson, Head of Commercial Sales, NSW
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