CBD occupancy rates have been trending up during 2021, especially in Sydney and Melbourne, according to the Property Council of Australia. Between January and April, occupancy rates increased in six of the eight capitals: Darwin = 80% to 84% Hobart = 80% to 82% Perth = 66% to 70% Adelaide = 69% to 70% Brisbane […]
The Reserve Bank of Australia (RBA) left the cash rate unchanged at 0.10% for June, following its monthly board meeting. The decision was widely anticipated, as the RBA’s board has repeatedly maintained it will not increase the cash rate until actual inflation is sustainably within the 2-3% target band. The Reserve Bank expects inflation […]
After a record-breaking March, the number of ‘Buy’ searches fell slightly in April – but was still the second-highest month on record. Total ‘Buy’ searches for April 2021 were 61% higher than the year before. The increase for each category was: • Showrooms = up 147% • Retail = up 143% • Warehouses = up […]