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On the basis of known projects, room night supply across Australia's ten major accommodation markets is forecast to increase on average by 1.6% per annum by the end of 2018. JLL accommodation forecasts assume a slightly higher rate of growth of 2.6% per annum, having allowed for an element of unanticipated supply and/or that some mooted projects will inevitably advance. This is considerably lower than the long term average increase of 3.7% per annum but above the level recorded over the past ten years.
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Thursday, 17 July 2014