July 2020
Insights
Infrastructure Changing our Cities
The Federal and State Governments have committed to significant transport infrastructure which is materially changing the make-up of our CBDs and opening up non-CBD expansion areas.
Key micro economic considerations
- Greater support for concentrated residential development on main transport networks
- Retail demographic analysis confirms a change in retail spending with increased online alternatives and greater demand within larger centres for services and entertainment-based experiences
- A historical lack of commercial product and high levels of demand in Sydney and Melbourne CBDs have resulted in a complete re-rating of rents
- Increasing conversions of previous commercial property and the more challenging planning regulations is limiting supply
- Intense infrastructure investment and new premium and A-Grade projects are lifting values and attracting off shore and local investment capital

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