After a slow year from overseas investors in 2023, the next 12 months could see interest return to commercial real estate thanks to the Australian economy.
According to PropTrack, Australia offers political stability and economic resilience which is appealing in the current climate.
Australia’s population is forecast to grow by more than three times the OECD average over the next five years, which will support economic growth and demand for commercial real estate.
Another drawcard has been a declining Australian dollar relative to the currencies of many of our most active offshore investors, PropTrack said.
