Spotlight on Melbourne

Melbourne, Australia’s most undervalued capital city, is poised for growth.

Over the past five years, its performance has lagged behind other capitals but is set for a turnaround. Expect clearance rates to rise, stronger investor activity, and an upswing in prices, particularly in finished homes and high-quality apartments.

Sector Insights:

• Residential: Undersupply in apartments will drive price growth; luxury markets remain resilient.
• Industrial: Growth remains strong but with caution as supply increases.
• Retail: A shift towards experiential spaces and medical/allied health tenants continues to reshape this sector.
• Office: Suburban office should perform reasonably. CBD offices will underperform until vacancy rates reduce and the current 35% of rental incentives are absorbed

As we enter 2025, the market holds promise but requires careful navigation. To stay informed, adapt, and to capitalise on emerging opportunities, get in touch with the Greville Pabst Property Advisory team today.

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