Research and Markets (http://www.researchandmarkets.com/research/5a0ddb17/australia_real_est) has announced the addition of the "Australia Real Estate Report Q2 2012" report to their offering. The Australian commercial real estate market continues to be fairly balanced because, structurally, the industry functions in a way that restricts over-development. It operates in an economy that, despite weak consumer sentiment and structural changes, is performing reasonably well. The economy and sector are underpinned by resources and demand from China, a reducing threat of interest rate rises, low unemployment and a strong infrastructure sector. BMI caution, however, that our outlook for the economy in 2012 is bearish, and the country will be negatively affected by the expected slowdown in Chinese economic growth. National Australia Bank's commercial property survey for Q311 described the short-term outlook for retail property as subdued and forecast to remain negative through much of 2012. Property services firm CB Richard Ellis has said that it detects the long-awaited emergence of Chinese investors into the direct Australian commercial property markets. Treasurer Wayne Swan has said the IMF's annual report on Australia's economy is a strong endorsement of the government. It said the economy's performance since the onset of the global financial crisis has been enviable. Some of the key opportunities in the real estate market include: - There is a resources boom in Australia at present, built significantly but not entirely on exports to China. This is putting money into the economy and bolstering downstream industries. - The natural disasters in Queensland at the beginning of 2011 are providing a significant lift in the level of work for the construction industry and businesses that supply the industry. Also, monetary policy will be kept accommodative in order to drive the post-disaster recovery efforts, although the effects of this will taper off as work is completed. Companies Mentioned - Bovis Lend Lease (BLL) - Brookfield Multiplex (BM) - Laing O'Rourke - Leighton Holdings - Mirvac - Stockland Group For more information visit http://www.researchandmarkets.com/research/5a0ddb17/australia_real_est |
