Australia

"Industrial property in Australia has experienced strong capital value growth and yield compression with continued demand from domestic private, institutional groups and foreign investors."

"The Australian economy grew by 1.8% in the March quarter, being the only G7 Nation that has recorded GDP growth relative to pre-pandemic GDP. With the pandemic causing many retailers to close due to Government imposed lockdowns and foot traffic drastically reduced, retail property was negatively impacted."

"The Office sector has proven to be resilient through the pandemic. Capital values have remained unchanged the last 12 months, a reflection of how Australia handled the COVID-19 pandemic generally, which ultimately increased investor confidence in the office sector."

"Our specialist Retail Investments team is one of the most experienced teams in the region. We have dedicated operatives in each of Australia's major capital cities, combining local knowledge with national and international experience, across all retail property types including development site sales. With particular expertise in property auctions, expressions of interest and off-market campaigns, Savills has transacted more than 80 properties totalling over $1.5 billion over the last two years."