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 a higher level of transactions. We expect to see more broad market improvement in 2025 as interest rates stabilise and greater confidence returns.
In our latest Victorian Market Snapshot – H1 2024, representatives from our valuation sectors share their insights into the year to date as well as opportunities and challenges for the year ahead.
Take a look at:
• Childcare
• Healthcare
• Industrial
• CBD Office
• Residential
• Retail
• Service Stations
Click the link below to read the full Snapshot.
M3 Property – VIC Market Snapshot H1 2024
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