Research
Assessing Australia’s economic environment
Economic trends that will underpin the performance of the Commercial Real Estate Sector
April 22, 2024
Contributors:
- Ronak Bhimjiani
Australia's economic growth has softened, reflecting broader global economic trends. However, growth has remained higher than that of advanced economies. The medium to long-term outlook remains positive, as Australia's population growth is projected to be the second strongest among advanced economies, with Gross Domestic Product (GDP) growth expected to be the strongest over the next 10 years.
As economic conditions transition to a new, post-pandemic operating normal, we anticipate an improvement in confidence levels across the Commercial Real Estate (CRE) sector.
