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14 3月 2024
Insight
The real estate sector has been no stranger to the macroeconomic challenges experienced by many industries across Australia and the globe last year. Climate change, high inflation, construction delays, hybrid work and rising interest rates has forced investors, property developers and retailers alike to rethink their approach to remain competitive in market.
So, what can we expect in 2024? Commercial property investors are likely to continue to grapple with the changing landscape of work as workplaces remain hybrid; while climate change and severe weather impacts empower developers to adapt building design and construction to a changing climate and lessen impact. An increase in housing demand and affordability will continue to drive residential demand, however approvals processes may create significant delays. And, the rising cost of building materials could continue to slow residential developments while investors and developers start to feel the pressure as loans mature.
Top 5 insights for what the real estate industry can expect in 2024
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