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News release


Australia now ranks as the world’s 2nd most transparent real estate market

Australia’s improved ranking in the JLL Global Real Estate Transparency Index emphasises the solid investment fundamentals that have attracted high levels of offshore investment into residential markets

Investors in Australia's commercial and residential property market will be buoyed by the news that Australia is ranked Number 2 in the world for real estate market transparency according to the recently released JLL Global Real Estate Transparency Index 2016.

This represents an improvement from the No. 3 ranking recorded in the 2014 survey. Australia continues to hold the top spot as Asia Pacific's most transparent real estate market, while New Zealand ranks No. 2 in the region.

The 'Anglosphere' continues to dominate the 'Highly Transparent' group that hold the top positions globally – the United Kingdom (1st), Australia (2nd), Canada (3rd) and the United States (4th).


The Index, compiled every two years, measures transparency by looking at factors including market data availability, governance, transaction processes, property rights, and the regulatory and legal environment.

JLL's Head of Australasian Research, Dr. David Rees said, "As capital allocations to real estate grow, investors are demanding further improvements in transparency. Technology is allowing a more forensic assessment of real estate market patterns, allowing for greater analysis of transparency levels across markets while the rapid growth of cross-border investment means that investors place a big premium on accurate and timely information.

"The thirst for market data applies across all real estate market sectors, but especially in residential markets where investors often have less access to data and rely on information in the public domain to support their decisions.

"Evidence over the number of years from the JLL Transparency Index points to a correlation between market transparency and investment volumes. Governments also are recognizing the linkage, as reflected in the steady improvement in market transparency over the twelve years since the Index was lunched. A number of initiatives are in place to improve market transparency, and the JLL report notes progress in Taiwan, South Korea, Indonesia and Japan within the Asia Pacific region.

"Transparency is very high in Australia for a numbers of reasons.  In comparison with many markets in the region, Australia also has a strong legal framework to define and protect property rights and an open and established bidding process.

"The market has a long history of transactional and time series data/information across all the major metrics, data is easily accessible to most participants. In addition, governance and the regulatory environment are high by international standards. Improvements in the coverage of alternative property sectors, such as student housing, contributed to the improvement in Australia's ranking in this year's survey."

"These factors have clearly contributed to the record foreign investment was recorded into Australian commercial property in 2015, with offshore investors accounting for 42% of total transaction volumes. This is around double the ten year annual average. Additionally, Australia offers non-Asian investors a convenient gateway into Asia Pacific and the fast growing SE Asian economies" said Dr Rees.

The launch of GRETI 2016 comes at a time when international institutions, national governments and businesses are demanding greater integrity and clarity in investments and transactions. It reflects a growing recognition of the crucial role that a transparent real estate sector plays, not only as a facilitator of new investment and business activity but also, significantly, in community well-being and inclusiveness, according to the report.

JLL's ninth Global Real Estate Transparency Index, covering 109 markets worldwide, shows continued progress in the transparency of commercial real estate around the world. Two-thirds of markets have registered improvement since 2014. Improvement is generally correlated with higher foreign direct investment and corporate occupier activity, as investors and corporations help to accelerate transparency reforms and governments recognise that poor transparency will affect continued inward investment, long-term economic growth prospects and the quality of life of citizens.

Visit to access the Global Real Estate Transparency Index in full, as well as interactive tools and multimedia content.