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 ease noting the recent Fed rate cut, while the RBA is expected to commence a monetary easing phase in 2025 resulting in commercial markets entering a new chapter. These changing conditions including the strong rental growth received, we expect market volatility to ease and yields starting to stabilise after a period of significant softening.
Looking forward, with the Brisbane office leasing market a top performer nationally, we may expect to see an increased portion of investor capital in comparison with previous years and the larger property investment institutions becoming more active in the acquisition space after being somewhat absent in recent periods.
In our latest Queensland Market Snapshot, representatives from each of our valuation sectors share their insights into 2024 as well as opportunities and challenges for the year ahead.
Take a look at:
• Childcare
• Healthcare
• Industrial
• Office
• Residential Development
• Retail
• Service Stations
Click the link below to read the full Snapshot.
QLD Market Snapshot – October 2024
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