Australian Economic and Real Estate Trends Q1 2024

National market statistics

May 07, 2024
  • Ronak Bhimjiani

Australia's economic growth has softened, reflecting broader global economic trends. However, although growth is projected to remain below trend in 2024 as cost-of-living pressures and higher interest rates continue to impact overall consumption, the medium to long-term view remains positive. As economic conditions shift to a new operating normal, we expect to see confidence levels improve across the Commercial Real Estate sector.

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