Insights

Gold Coast backpacker and hostels market sees undersupply Demand for backpacker and hostel accommodation in Queensland’s Gold Coast is exceeding the supply available on the market, according to findings from the latest M3 Property research report. The report, Gold Coast Backpacker Market Review – November 2024, analyses the current state of the backpackers and hostels …

South Australia’s property market has continued to experience strong fundamentals and steady demand during the first half of 2024, albeit with reduced transactional activity across some sectors of the market including Office and Industrial which is reflective of national trends in the current macroeconomic climate. Adelaide’s residential market is strong, with a lack of available …

New M3 Property research shows demand for data centre facilities is rapidly increasing across Australia  Our latest report, Data Centre Growth in Australia, investigates the growing demand for data centre facilities across Australian property markets. The research follows the announcement that Australian data centre firm AirTrunk has been bought out by Blackstone and the Canada …

The Queensland property market has remained resilient over the first half of 2024, with continued positive occupier demand across most property sectors. Investment demand is focused on good-quality, well-located assets, albeit with a subdued level of sales activity as a result of broader macroeconomic conditions. However, we can now expect the cost of debt to …

M3 Property announces the appointment of Antony Schober as Director of Specialised Assets, Victoria commencing 1 October 2024. With over 25 years’ industry experience in the real estate sector within areas of valuations, consulting and advisory, Antony has held senior positions in firms in Australia, the Middle East, UK and Europe including DTZ International and …

Edward Hine joins M3 as Commercial Director NSW M3 Property announces the appointed Edward Hine as Director of Commercial, NSW with a focus on Office Markets. With over 14 years’ industry experience in the real estate sector providing commercial and residential valuation advice, Edward has international experience in senior positions in firms in Australia and …

The New South Wales property market has seen steady growth during the first half of 2024 for well-positioned assets with strong income security, rental growth and lease covenants in sectors including Retail, Childcare and Hotels. In the Sydney Office sector, transaction volumes have been low over the past 24 months as increasing interest rates and …

Investor sentiment in Victoria continues to be challenged by increasing State property taxes, particularly with the introduction of the Commercial and Industrial Property Tax, a relatively slower recovery of the CBD market and lagging State economic growth. During H1 2024, some sub-markets were subdued, with low levels of transactional activity whilst other sub-markets have seen …

M3 Property is excited to formally announce that Andrew Duguid has been appointed the new CEO following a nation-wide executive search. With more than 30 years’ property industry experience, Andrew Duguid has been a Director with M3 Property for over 20 years and has most recently held the positions of Interim CEO, Managing Director NSW …

M3 Property has announced its July 2024 promotions, with 14 employees nationally promoted into more senior positions. The promotions include Georgia McKay, Director, Rating & Taxation, and Andrew Cash, Director, Retail who have demonstrated exceptional dedication, leadership and expertise in their field. M3 Property Acting Chief Executive Officer, Andrew Duguid said, “We are proud to …

Perfect storm for large growth in daily childcare rates This Childcare Insight for NSW offers perspective into the multiple market factors that are culminating to drive daily childcare rates higher, creating a flow-on effect into valuations for the sector. Click the link below to read the full insight M3 Property Insight – NSW Childcare May …

Patrick Curran joins M3 Property as Director of Industrial, Victoria M3 Property announces the appointment of Patrick Curran as Director of Industrial, Victoria commencing 20 May 2024. With over 18 years’ industry experience in commercial real estate, including his most recent role as a commercial director, Mr Curran has conducted valuations across most asset classes, …

Green Star and NABERS Energy-rated buildings set to reinvigorate Melbourne’s office market Premium Melbourne CBD Office Supply Pipeline exceeds 230,000 sqm Premium-grade office buildings in Melbourne’s CBD with Green Star and NABERS Energy ratings are set to reinvigorate the city’s office market, according to the latest M3 Property research. There is 234,593 square metres of …

Victoria’s property sectors continued to see low levels of transactional activity over the second half of 2023 as a result of the broader inflationary and high interest rate environment. However, over the course of 2024 we anticipate levels of activity to start to increase as a result of more confidence returning to the market off …

Strong fundamentals in the South Australian property market, including steady demand, a stable economy and a lack of supply, continues to drive overall growth albeit with reduced transactional activity reflective of broader national trends. As confidence returns to the market, we anticipate transactional activity to increase moving into the second half of 2024. In our …