Sales volumes for 2019 were ~$23 billion across 226 transactions, a ~32% increase on 2018 ($12 billion)

 

Cost of debt to investors has in many instances fallen to below 2.75% in part due to the three 25bps interest rate cuts

 

Top prime CBD performers were Perth and Canberra, registering annual net effective rent (NER) growth of 11.7% and 10.9% respectively

 

Top non-CBD performers were Crows Nest/St Leonards and Southbank, registering annual net effective rent (NER) growth of 8.9% and 7.6% respectively

 

Vacancy in Sydney prime fell ~70ppt in the first half of the year to record 3%, with Melbourne falling another ~50ppt to 2.2%

 

Prime yields recorded the biggest compression in Perth and Canberra with each market now averaging 6.3% and 6.1% respectively