Research
Australian Economic and Real Estate Trends Q3 2024
National market statistics
November 07, 2024
Contributors:
- Ronak Bhimjiani
Australia’s economy is expected to continue along a slow growth trajectory through the remainder of 2024. However, anticipated easing of current tight monetary policy conditions and a continued disinflation trend will support GDP growth in 2025. As such, current economic conditions are perceived to be at or near the bottom of the cycle, with a soft but sustained rebound in growth anticipated from here on.
The prospect of lower interest rates is anticipated to boost investment activity in the CRE sector, offering insight into market pricing. Consequently, bid-ask spreads are expected to narrow further due to improved liquidity.
