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 costs of capital have shifted asset values and caused capitalisation rates to soften across the market.
We are seeing investors begin to re-engage with transaction activity in the Office and Industrial sectors improving in the first half of 2024. Moving forward, while varying opinions remain as to the point at which capitalisation rates will peak, there is a broadening consensus that values are stabilising.
In our latest New South Wales Market Snapshot for H1 2024, representatives from each of our valuation sectors share their insights into the past six months as well as opportunities and challenges for the year ahead.
Take a look at:
• Childcare
• Healthcare
• Hotels & Accommodation
• Industrial
• CBD Office
• Residential
• Retail
Click the link below to read the full snapshot.
M3 Property – NSW Market Snapshot (H1 2024)
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