The WPJ

Melbourne

Global Cities Home Prices Rising at Fastest Rate Since 2004

According to international property consultant Knight Frank's latest Global Cities Home Price Index, real price growth in local currencies and movement in mainstream house prices across 150 global cities, 94% of which saw prices increase over the latest 12-month period, up from 85% a year ago.

Asia Pacific Commercial Property Investments Spiked 26 Percent in 2021

According to JLL's newly released Asia Pacific Capital Tracker 4Q21, full year 2021 commercial investment volumes rose 26% year-on-year, led by a surge of activity in Australia and China, and the continued resilience of Japan.

Despite Severe COVID Lockdowns in 2021, Australia Enjoys Record Foreign Commercial Investment

According to CBRE, foreign investment in Australian commercial property has reached a new annual record, despite international border closures, with $16.6 billion in office, retail, industrial and hotel assets having changed hands year to date.

Australia's Office Sublease Market Recovering, Regardless of City Lockdowns

Global property consultant CBRE is reporting this week that office sublease availability across Australia's major cities has fallen to the lowest level in a year, despite prolonged lockdown restrictions in Sydney and Melbourne.

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