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"Australia Real Estate Report Q2 2011" is now available at Fast Market Research

New Business market report from Business Monitor International: "Australia Real Estate Report Q2 2011"

 
PRLog - Apr. 6, 2011 - Our latest interviews with in-country sources in Brisbane, Melbourne, Perth and Sydney confirm that conditions in Australia's commercial real estate sector are stable, albeit rather quiet.

The country's economy sailed through 2008 and 2009 without too much difficulty but the global financial crisis and a series of national disasters have helped to turn the average consumer into the average saver. A series of interest rate rises has successfully curbed inflation and now, despite almost full employment, the general public are reducing household debt and tucking away their incomes. This lack of confidence has weighed heavily on the commercial real estate market and rental rates had dropped off substantially through 2009.

In 2010, the dynamics of the industry showed their strength and the lack of over-development allowed the market to stabilise. Although we have limited information about vacancy rates, where we do have figures, they are low. For example, there stands just 2% of vacant retail space in Perth. Local sources suggest that although rents for it should rise over the next year or two, it will be gradual and this implies that even where vacancy rates are so very low, the balance of supply and demand is healthy.

Supply has been limited as many development projects were taken offline during 2008 and 2009. This lack of new space becoming available now should help rental rates to start increasing, possibly as early as the second half of 2011, if consumer confidence recovers. The biggest threat to the recovery of confidence, although also somewhat of a threat to supply too, is likely to be more large-scale natural disasters caused by the inclement weather.

One key feature of the commercial real estate sector in Australia is that despite rental rates dropping in the other sub-sectors, industrial space held its ground throughout the last few years.

Looking forward, our sources are reasonably optimistic, as they envisage that rental rates will for the most part move sideways (and in some cases increase slightly) throughout both 2011 and 2012.

Rental yields have been rather inconsistent in the second half of 2010, having remained absolutely stable from 2009 through to H110. The most recent interviews with BMI's in-country sources have indicated that yields have tended to converge around 7% but that there were some particular exceptions. One notable exception is the sudden drop in retail yields in Melbourne, from 6-7% in 2009 and H110 to just 4% in the second half of 2010.

Our local sources think that we are likely to have a particularly stable period for net yields - across the board - in the coming year or so, albeit with some small fluctuations. The exceptions are the potential for an increasing yield from office space in Perth and retail space in Brisbane, which is forecast to drop slightly by 2012.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/130563_australia_real_estate_r...


Partial Table of Contents:

SWOT Analysis
- Australia Real Estate/Construction SWOT
- Australia Economic SWOT
- Australia Business Environment SWOT
Real Estate Market Overview
- Table: Australia's Real Estate Market - Historic Rents, 2009 And 2010 (m2/month, US$)
- Table: Australia's Real Estate Market - Net Yields, 2010 And 2011 (%)
- Table: Australia's Real Estate Market - Terms Of Rental Contract/Lease, Mid-2010
- Table: Australia's Real Estate Market - Available (m2) And Vacant Space (%), Mid-2010
Industry Forecast Scenario
- Real Estate Outlook
- Table: Australia's Real Estate Market - Rentals, 2010-2012 (m2/month, US$)
- Table: Australia's Real Estate Market - Forecast Net Yield, 2008-2015 (%)
- Australia's Construction Outlook
- Table: Australia Construction And Infrastructure Industry Data, 2007-2015
- Table: Australia Construction And Infrastructure Industry Data, 2012-2020
- Construction and Infrastructure Forecast Scenario
- Macroeconomic Forecast
- Table: Australia - Economic Activity, 2006-2015
Business Environment
- Real Estate/Construction Business Environment Ratings
- Table: Asia Real Estate/Construction Business Environment Ratings
- Australia's RECBER
- Project Finance Ratings: Outlook For Developed States
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Australia's Business Environment
- Table: BMI Business And Operation Risk Ratings
- Table: BMI Legal Framework Rating
- Table: Labour Force Quality
- Table: Annual FDI Inflows Into Asia, 2006-2008
- Table: Australia's Top Export Destinations, 2000-2008 (US$mn)
- Table: Trade And Investment Ratings
Company Monitor
- Bilfinger Berger Australia (now known as Valemus)
- Bovis Lend Lease (BLL)
- Brookfield Multiplex (BM)
- Laing O'Rourke
- Leighton Holdings
- Meriton Group
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Project Finance Ratings Indicators
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase - Commercial Construction
-

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1305...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Phone:1.800.844.8156
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State/Province:Massachusetts - United States
Industry:Business, Research, Marketing
Tags:rental, estate, australian, retail, sub-sector, industrial, sideways, fairly, sydney
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