Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Commercial Property

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Owner occupiers are making their presence felt in Melbourne’s inner suburban property purchasing market, according to Savills.
The firms ‘s CBD and metropolitan sales team, Julian Heatherich, Nick Peden, and Jesse Radisich, said this trend was evident in the firm’s recent sale of a Clifton Hill property.
<a href="https://www.realcommercial.com.au/property-offices-vic-clifton+hill-502248554" target="_blank">44 Alexandra Parade</a> sold privately for $910,000 at the healthy land area rate of $5000 a square metre, Savills said.
The property comprises a single storey, 140 square metre corner freehold with an internal office fit-out, and storage and roller door access.
Two other Clifton Hill properties sold at auction earlier in March through Savills.
Hilton Street - a 205 square metre office/warehouse – sold for $900,000, and Reeves Street - a 884 square metre showroom/warehouse on an 1175 square metre site – sold for $3.6 million.
“This is the third property we have sold to an owner-occupier in the last few weeks underlining just how strong the current owner-occupier market is,” Heatherich said.
“With interest rates remaining very attractive we are likely to see this trend continue.
“The market for inner-city property has rarely been stronger and Clifton Hill is now clearly on the radar.”
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j.ballantyne1990-6AQqhLzZaK

Owner occupiers out in force in Clifton Hill office market: Savills

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A freehold property at Clifton Hill has been sold.
Located at <a href="https://www.realcommercial.com.au/property-retail-vic-clifton+hill-502247574" target="_blank">179 Queens Parade</a>, the property is located in the heart of the Clifton Hill Village and is leased to the post office.
Zoning is available as a Commercial 1 with a land size of 581 square metres and a building area of 210 square metres.
The tenant is on a long term lease and is secure with possible future development potential.
The property was offered through Nelson Alexander Commercial agents Luke Sacco and Damien Theisz.
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Clifton Hill freehold property sold

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A multi tenanted commercial property at Mermaid Beach has been sold for $2.31 million.
Located at <a href="https://www.realcommercial.com.au/property-retail-qld-mermaid+beach-502236338" target="_blank">43 Alfred Street</a>, the property is fully leased to three tenants with a net income of $165,092 per annum.
There will be 4% annual increase reviews.
The majority of the income is secured by a top 10 ranked Ray White franchise.
All of the tenants have long term lease expiry dates.
It is a two level fully refurbished botique building with exposure to Gold Coast Highway located opposite a beachside retail centre.
The property was offered through Ray White agent Steven King.
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Mermaid Beach office sold for $2.31 million

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A corner property with holding income and potential for further development in Melbourne’s Doncaster has changed hands for $4.2 million.
The properties at <a href="https://www.realcommercial.com.au/property-land+development-vic-doncaster-502224606" target="_blank">1094 Doncaster Road and 2 Elvie Street, Doncaster, Vic 3108</a> are tenanted and have inbuilt redevelopment clauses.
Estimated fully leased income from the properties is $89,523 per annum.
The properties have a land area of 1,380 square metres. 
They are surrounded by several approved and completed residential buildings, and close to transport and a Westfield mall. The zoning is Commercial 1.
The 1094 Doncaster Road property serves as an office building, while the one at 2 Elvie Street has been converted and used as a medical practice.
The selling agents were David Minty, Sandra Peluso and Chao Zhang of CBRE along with Ben Dawson of Dawson Real Estate.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/17/Doncaster2.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Doncaster offices sold for $4.2 million

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Maritime engineering group OMC International has leased a 996sqm office in Melbourne's Abbotsford in a decade-long deal.
The building has had a full refurbishment and includes a large outdoor deck looking out to Dights Falls on the Yarra River and a solar farm with 320 solar panels.
The office was leased at $355 per square metre per annum net plus GST on behalf of the Australian Education Union (AEU) through Fitzroys agents Stephen Land, Peter Weatherby and Martin Huang.
Land said the AEU owner occupies the majority of the building and had identified the space as surplus to its accommodation needs.
“OMC have a long association with Abbotsford and wanted to remain in the immediate area," he said.
"They were drawn to the premises due to the high quality of the space and services the building offered, the ample on-site car parking."
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OMC International docks at riverfront space

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The new Home + Life Robina Centre on the Gold Coast is on track for August completion with leasing space still available.
The Reject Shop, Pet Stock, Toys &amp; Babies R Us and Kitchen Connection have so far signed leases in the 14,770sqm retail complex.
Remaining leases are sized between 304sqm and 3,000sqm.
Damian Crocetti from CBRE said existing showroom locations in surrounding areas of Southport, Bundall, Ashmore/Nerang and Burleigh Heads give retailers little choice in terms of new quality showroom space, with some markets quite fragmented and intermixed with more industrial type users that are not complementary for certain brands.
“The Home + Life Robina Centre will create exciting new opportunities for retailers looking to expand their existing footprint in Queensland, or for new brands keen to secure their first outlet in an established and growing market,” he said.
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Home + Life Robina Centre, Gold Coast, slated for August completion

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Teska Carson is marketing a securely leased dental surgery investment at Surrey Hills in Melbourne’s eastern suburbs.
The property will be auctioned on March 29 with expectations it will fetch more than $1.2 million.
The suite 2, 109 Union Road (corner of Windsor Crescent) property comprises a 187 square metre premises.
Zoned Commercial 2, it comes with six car spaces including three underground.
The property is located directly opposite Surrey Hills Railway Station in a modern commercial complex, within the sought after and well-established Surrey Hills shopping village.
Teska Carson’s Tom Maule and Mathew Feld have the listing.
The surgery consists of a spacious reception/waiting room, two surgeries, a sterilisation area.
Two offices, a large storage area, lab area and kitchen/staffroom breakout area are also featured in the property.
The property is currently leased to a longstanding tenant on a five year term with a five year option at $76,784 per annum.
Mr Maule said the property represented an outstanding medical investment in a tightly held location which would continue to see strong capital growth.
"This exceptional investment is positioned in the heart of this inner-eastern, blue chip, location just metres from public transport and within the popular Surrey Hills retail precinct.
It will attract quite a deal of interest based on the location, the secure lease to a well-established, long standing tenant, and the strong potential for capital growth in a much sought after and highly regarded suburb,’’ Mr Maule said.
Mr Feld said the property was an ideal investment for the passive investor looking for an opportunity to add a retail asset to their portfolio.
"Surrey Hills lies within Melbourne’s demographic centre, an area which continues to attract strong residential growth which in turn drives retail and commercial returns.
"The precinct has an excellent tenancy history with little to no vacancy and that is a reflection of the strong demand from the surrounding residential catchment,’’ Mr Feld said.
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Dental surgery investment at Surrey Hills

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The redevelopment of a new shopping precinct in Yarrabilba is underway, with several new major names set to move into the new centre later this year.
The District Centre which spans the area between Yarrabilba Drive, Wongawallan Drive, Waldron Street and Darlington Drive, has signed Coles, McDonald’s and a family medical centre to join an IGA anchored convenience centre, 24-hour Caltex service station and Star Mart, cafes and medical centre.
Managing director of Lendlease’s communities business in Australia, Matthew Wallace, said the development was evidence of the growing popularity of Yarrabilba.
“Attracting residents and locals alike means developing a central hub with the end user in mind and catering for the needs of the community as it continually grows and evolves,” he said.
“We are focused on creating the best places and providing our residents as early as possible with options for dining, great shopping and entertainment.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/13/Aerial%20view%20of%20Coles%20construction_Feb%202017.jpg" alt="">
Coles state general manager, Paul Bradshaw said Coles would create around 100 retail jobs once the 3,200 square metre full line supermarket was complete.
“It is part of an investment by Coles of more than $30 million in the Logan Council over the past two years, which is testament to the confidence we have in the future of the region,” he said.
McDonald’s head of property for Queensland and Northern Territory, Luke McGuire, said they were excited to bring the latest style of McDonald’s restaurant to Yarrabilba.
“We’re dedicated to supporting the local community and, through our partnership with Lendlease and Coles, we’re looking forward to helping it grow by offering employment to approximately 90 locals,” he said.
Prices in the centre start from $270,000, commercial / mixed unit sites range from 819 square metres to 1243 square metres.
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Yarrabilba shopping precinct development secures major retail names

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A 237 square metre retail shop at Geelong has been sold.
Located at <a href="https://www.realcommercial.com.au/property-retail-vic-geelong-502225758" target="_blank">80 Ryrie Street</a>, the CBD property, close to the Corio Bay Foreshore Reserve, was offered with a guidance of $550,000 plus GST.
It has frontage and exposure in a professional services district.
It was offered through Colliers International agents Ben Young and Jonathon Lumsden.
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Geelong CBD retail shop sold

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Australian commercial property is seen as highly attractive by global investors with a total of $18.2 billion targeting Australia, owing to their high yields, stable economic outlook and open and transparent market, according to recent research. 
Australia is the world’s sixth most popular destination for investment capital in 2017, behind the US, China, UK, Japan and Germany, according to the latest Great Wall of Money Report by real estate firm Cushman &amp; Wakefield.
The report tracks the amount of newly raised capital, including debt and equity, targeting real estate at a global level. The total global wall of money has fallen by 2 percent compared with 2016, the first drop since 2011 but current levels are still the second highest on record, it says. 
Adjusted for investable market size, Australia is number second behind Sweden, said James Quigley, head of Capital Markets, Australia and New Zealand.
“Our comparatively high yields, stable economic outlook and open and transparent market help to ensure our commercial property is highly attractive to global investors,” he said.
While the total amount of available capital fell slightly, the amount of new equity raised increased by 5 percent over the past year. The overall decline is a function of reduced debt availability as a result of regulatory changes, lower gearing and currency movements.
For APAC, available equity increased by 1 percent since 2016, whereas in Australia this rose by 8 percent, up from $16.8 billion in the last year highlighting the relative attraction of the country as an investment destination. This builds on a substantial increase in the prior year, with capital targeting Australia up 20 percent from $15.1 billion since 2015.
“The data highlights the relatively advanced state of the global CRE cycle and the difficulty of finding assets that meet return criteria. While available capital remains high, fund raising activities have slowed as investors focus on deploying existing capital,” said Dominic Brown, head of Research, Australian &amp; New Zealand.
<a href="https://www.propertyobserver.com.au/images/2017/03/15/CushmanCRE.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/15/CushmanCRE.png" alt="">
In Australia, Q1 investment volume (as at March 9) is already nearly $5 billion, and remains on track to deliver the highest first quarter total since the $5.2 billion recorded in Q1 2011. 
This follows from a strong volume recorded in Q4 2016 of $9.7 billion. Of the total investment to date in the March quarter, foreign investment remained robust representing 52 percent of the overall transaction volume.
While New South Wales was the top destination for investment during 2016 of all states and territories with 37 percent of overall volume, Victoria and Queensland stand as the most traded destinations so far during the current quarter. During Q1 the most active purchasers have been unlisted funds, with unlisted funds and REITs the largest sellers.
“Demand for Australian CRE remains strong, though limited stock availability in 2016 caused Australian office and retail property transaction volumes to fall.” However, transaction volumes are expected to increase in 2017,” Dominic Brown said.
James Quigley added that “more stock is likely to come market as institutional owners look to dispose of non-core assets and more active traders offer repositioned assets for sale as they seek new opportunities”.
Turnover is also expected to increase in the Sydney CBD where Quigley estimates over $2 billion in stock is likely to come to market.
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