Australia’s shock federal election result could be the catalyst for new overseas real estate investment.
A lack of regulation and clear definition around affordable housing options and quotas is causing a backlog in applications for residential developments in Victoria.
Inadequate office supply coupled with the lowest vacancy rates in 40 years is driving unrelenting demand for commercial floorspace in Sydney and Melbourne, boosting already high rents.
The Liberal Party victory in last week’s New South Wales state election is set to deliver new investment and development opportunities in western Sydney.
Record pricing for industrial-zoned sites has seen private land owners reap the benefits of significant price increases.