realestatebusiness logo
Subscribe to our newsletter SIGN UP

Sydney and Melbourne identified as regional commercial hotspots

03 December 2009 Reporter

Sydney and Melbourne have placed in the top 10 most favourable commercial property markets in the Asia Pacific region, according to a new survey.

The survey, conducted by PricewaterhouseCoopers, asked 270 property industry players to rank 20 cities across the region.

Of the 20 cities, Shanghai topped the list, with Melbourne and Sydney coming in at sixth and 10th respectively.

The PricewaterhouseCoopers and Urban Land Institute survey also showed that industry sentiment has improved steadily as the forecast sale of assets was largely averted across regional markets while capital liquidity has improved with stock prices.

“Australian and Asian property markets have seemingly dodged a bullet,” PricewaterhouseCoopers partner James Dunning said.

According to Mr Dunning, the 2010 outlook for Australia is one of cautious optimism.

“The fundamentals across commercial and retail property remain strong: relative economic stability, an undersupply of new developments, high quality tier -1 assets, and low vacancy rates,” he said.

Sydney and Melbourne identified as regional commercial hotspots
lawyersweekly logo
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.