In a survey conducted in the first quarter of 2024 about commercial property in Australia, the respondents expected that the office capital value would decrease in Victoria by 5.3 percent in the next twelve months. In all other states and territories except Western Australia, respondents expected the office capital value to decrease.
Expectations of office capital values in the next 12 months in Australia in Q1 2024, by state or territory
Characteristic
Annual growth rate
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property professionals surveyed included real estate agents/managers, property developers, asset/fund managers, and owners/investors
Supplementary notes
*Results for SA/NT may be biased due to a smaller sample size.
Participants were asked how they view capital values in each commercial property market sector in the following time frame: annual growth in the next 12 months.
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NAB (Australia). (May 23, 2024). Expectations of office capital values in the next 12 months in Australia in Q1 2024, by state or territory [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1120655/australia-expectations-of-office-capital-values-in-next-12-months-by-state/
NAB (Australia). "Expectations of office capital values in the next 12 months in Australia in Q1 2024, by state or territory." Chart. May 23, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1120655/australia-expectations-of-office-capital-values-in-next-12-months-by-state/
NAB (Australia). (2024). Expectations of office capital values in the next 12 months in Australia in Q1 2024, by state or territory. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1120655/australia-expectations-of-office-capital-values-in-next-12-months-by-state/
NAB (Australia). "Expectations of Office Capital Values in The next 12 Months in Australia in Q1 2024, by State or Territory." Statista, Statista Inc., 23 May 2024, https://www.statista.com/statistics/1120655/australia-expectations-of-office-capital-values-in-next-12-months-by-state/
NAB (Australia), Expectations of office capital values in the next 12 months in Australia in Q1 2024, by state or territory Statista, https://www.statista.com/statistics/1120655/australia-expectations-of-office-capital-values-in-next-12-months-by-state/ (last visited August 25, 2024)
Expectations of office capital values in the next 12 months in Australia in Q1 2024, by state or territory [Graph], NAB (Australia), May 23, 2024. [Online]. Available: https://www.statista.com/statistics/1120655/australia-expectations-of-office-capital-values-in-next-12-months-by-state/