Talking Property with CBRE

Could land lease communities be one of the solutions for Australia’s housing affordability crisis? They’ve become an increasingly sought after option for retirees. Some 130,000 people are living in these estates and the $12 billion sector having been described as the fastest growing solution for downsizers in Australia. But what exactly is a land lease community, what are the pros and cons of buying into them, how much growth is likely in this sector and why is it rising on the radar of local and offshore institutions and developers? We explore this with Kate Melrose from the Ingenia Communities Group alongside CBRE’s Liam Greentree and Kat Hale in our latest Talking Property podcast. We also discuss CBRE’s inaugural residential valuers survey, which shines a light on the ever-pressing need for more affordable housing options in Australia. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

While there’s broad agreement on some of the longer-term tailwinds for the Australian real estate market, conviction is still lacking when it comes to the strength of future rent growth, exit values and in some cases the regulatory environment. That’s one of the areas up for discussion in our quarterly Talking Property: The House View podcast, which explores the opportunities and challenges ahead for the retail, office, industrial and living sectors. Tune in to hear CBRE’s Pacific Advisory Services CEO Phil Rowland Pacific Head of Research Sameer Chopra give their take on fresh interest in the retail investment market, the ongoing gap between office fundamentals and sentiment, the unprecedented demand conditions and supply side challenges in the residential market and whether occupier demand is beginning to moderate in the industrial sector. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

By 2100, some 10 billion people will live in around 10,000 cities across the globe. Just in Australia, our population is tipped to rise by 15 million people over the next 36 years. So how do we accommodate this growth, deal with the current housing shortage, continue to decarbonise, harness the power of AI and manage the long-term impacts of the pandemic? These issues were centre stage at the Property Council of Australia’s Future Cities Summit, which was headlined by one of the world’s leading urbanists, Professor Greg Clark. He joins us on Talking Property alongside CBRE’s NSW Director of Government & Industry Ash Nicholson to discuss how we can make our cities liveable, loveable and prosperous. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

The capital flowing into Australia’s commercial real estate sector dipped significantly in 2023, as many local and offshore investors sat on the sidelines. But are there signs of a market shift? In this latest Talking Property episode, we zero in on how global investors are viewing the Australian market, which sectors are most in favour, where the money is coming from and what the expectations are for the year ahead. CBRE’s Stuart McCann, Head of International Capital & Capital Advisory, Pacific and Southeast Asia joins Tom Broderick, CBRE’s Australian Head of Capital Markets Research, to discuss the outlook and some of the key trends highlighted in our latest Capital Flows report, which you can read here. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Hundreds of Australian companies have just posted their half year results, including a swag of ASX-listed property stocks. Australian Financial Review columnist Robert Harley, The Australian’s commercial property editor Ben Wilmot and the Sydney Morning Herald’s commercial property editor Carolyn Cummins join this latest episode of Talking Property to cut through the financials, discuss the trends and give a view on what’s next. In this wide-ranging discussion, they touch on the sectors which outperformed, whether office is still a “dirty word”, why alternative assets are in focus and the outlook for asset values. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Could building on top of older apartment blocks be one of the solutions to Australia’s housing crisis? Airspace above existing strata buildings is a $150 billion opportunity in Sydney alone according to one leading advocate. Equally, is going up the only solution for the owners of these blocks? Given tight rental market conditions across the country, there’s also huge demand from investors wanting to purchase these blocks outright. It’s a topic explored in this latest episode of Talking Property featuring Warren Livesey, Head of the Association of Rooftop & Airspace Development, and CBRE Metropolitan Investments Director Toby Silk. They also delve into the opportunities for airspace development, not just above strata apartment blocks but also around hospitals, transportation hubs, fire and police stations to create key worker housing. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

There are positive signals for the Australian real estate sector. Inflation is showing signs of moderating, interest rates appear to have peaked, employment remains resilient and cap rate expansion seems to be topping out. All of this is flowing through to improving investor sentiment. But we’re still in a very volatile and uncertain geopolitical environment and China’s economic woes are heightening. So, what does this mean for real estate? Find out in this latest episode of Talking Property: The House View as CBRE’s Phil Rowland, Pacific Advisory Services CEO, and Sameer Chopra, Pacific Head of Research, chat about pricing, investor intentions, the vacancy outlook, cost of living pressures, and some of their key predictions. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

To wrap up our 2024 property predictions series, we chat with Aware Real Estate’s Michelle McNally and Aliro Group’s David Southon. They give us their views on the best property market opportunities this year and the areas ripe for transformation. The tailwinds in residential and the opportunities being presented by supply challenges, immigration and a growing economy are among the topics up for discussion If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

In the second part of our 2024 property predictions series, we chat with ISPT’s Chris Chapple, Brookfield’s Leonie Wilkinson and Investa’s Pete Menegazzo. They give us their views on the best property market opportunities this year and the areas ripe for transformation. Sectors in the spotlight include life sciences and living, as Australia’s population demographics shift and the need for new housing continues to dominate the news headlines. The industrial & logistics sector, while coming off unprecedented highs, remains on the radar and premium office space is back in favour. Challenges moving forward include the need to play catch up on the technology front, repurpose ageing office stock and combine and conquer as an industry to tackle complex sustainability challenges. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

To kick off our 2024 property predictions series, we chat with Charter Hall’s David Harrison, CBRE Investment Management’s Alex Crossing and Lendlease’s Dale Connor. They give us their views on the best property market opportunities this year and the areas ripe for transformation. In the spotlight are “beds, meds and sheds”, the conviction around prime office opportunities, the intersection between transport and property, an ever-increasing focus on sustainability and whether we’re returning to an “old normal”. It’s the first episode in a three part series, with Episode 2 set to go live on January 18 featuring ISPT’s Chris Chapple, Brookfield’s Leonie Wilkinson and Investa’s Pete Menegazzo. Episode 3 will launch on January 25, headlined by Aware Real Estate’s Michelle McNally and Aliro’s David Southon. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Funding constraints, rising interest rates and downward pressure on asset pricing have been key property market themes in 2023. But what does the future hold? Will 2024 be a turning point – particularly for the office sector? Will debt funding be more readily available? And will investors increasingly look at new capital structures to drive their property investment strategies? We unpack this and more in our latest Talking Property episode featuring CBRE’s Australian head of Offie and Capital Markets Research Tom Broderick, the Pacific head of CBRE’s Debt & Structured Finance team Andrew McCasker and CBRE’s Pacific head of Investment Banking Paul Ryan. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. You can also find out more about CBRE’s recent Lenders Sentiment Survey here and access our latest Australian Office Occupancy research here. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Australia’s student accommodation sector has been in the spotlight as international students return to our shores and investors circle what’s becoming one of the country’s most sought-after alternative asset classes. But the demand for purpose-built accommodation is outstripping supply as the sector grapples with the same issues facing the country’s broader housing market. So, what does the future hold? What measures are needed to address the current supply shortfall? And how can investors access this dynamic sector to propel its future growth? Find out in our latest Talking Property podcast from Anouk Darling, the CEO of Scape – one of Australia's largest student accommodation owners and operators; Alex Crossing, the Asia Pacific Regional Head of Indirect Private Real Estate at CBRE Investment Management; and CBRE’s Pacific Head of Research Sameer Chopra. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. You can also find out more in CBRE’s recent Accommodating the Growth in International Students research report. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Social and affordable housing has made up only about 1% of the homes that have been built in Australia over the past decade. It’s an area that needs urgent attention as a growing number of people experience rental stress and homelessness. But how do investors and developers get involved in a sector that’s still largely misunderstood? And what are the benefits? We explore this in our latest Talking Property podcast featuring Wendy Hayhurst - CEO of the Community Housing Industry Association, Nicholas Proud - CEO of Powerhousing Australia, Gavin Salt - Residential Lead at i2C Architects, and Steph Harper, Valuation & Advisory Services Director for CBRE’s Living Sectors business. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Sky-high industrial facilities of up to 17-storeys are common in cities such as Tokyo, Hong Kong and Shanghai. But could multi-storey warehouses also start to proliferate in Australia, given ongoing supply challenges in our Industrial & Logistics sector? It’s a question explored in our latest Talking Property podcast by Charter Hall Development Manager Jack Hansen, CBRE's Head of Industrial & Logistics Research Sass J-Baleh and CBRE's South Sydney Managing Director Nathan Egan. In this episode they discuss the reasons why some cities are better suited to multi-storey projects, what developers need to consider and what’s top of mind for occupiers in a market sector that’s only just beginning to evolve in Australia. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. And you can read CBRE’s Rise of Multi-Storey Warehousing report here. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Major infrastructure can have an outsized impact on our cities. And nowhere is that becoming more apparent than in Sydney where the new Metro rail network is transforming suburbs, driving up property prices and creating more vibrant communities. In this latest Talking Property episode, we speak to CBRE’s Pacific Head of Research Sameer Chopra and REA Group Economist Anne Flaherty to discover just how significant the Metro’s impact will be and the opportunities it will create for investors and developers. In their wide-ranging discussion, Sameer and Anne assess the scale of the price gains that buyers can expect from living near the Metro and why shorter commutes are such a drawcard, particularly for Gen Y and Gen Z. And it’s not just a Sydney-centric trend, with rail projects set to benefit many other major Australian cities. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. And you can read our Metro – Transforming Sydney Precincts report here. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

There are continued challenges in the real estate sector, particularly in the capital markets arena, as the cost of debt rises and sentiment wanes. An acute housing supply shortage in Australia is also continuing to dominate the media headlines. But there are also clear areas of opportunity, one of them being alternative asset classes such as student accommodation. Find out more in this latest episode of Talking Property: The House View where CBRE’s Phil Rowland, Pacific Advisory Services CEO, and Sameer Chopra, Pacific Head of Research, give some thought-provoking views on the property topics that are currently being debated, including the outlook for house prices, construction costs and commercial asset values. Subscribe on Apple or Spotify so you don’t miss the next quarterly forecast in early February 2024. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Adaptive re-use. It’s a hot topic right now as developers and investors assess how to best repurpose office buildings that are no longer fit for use. Given Australia’s housing crisis, it seems a given that some of these empty office towers could be converted to apartments. But is this a magic bullet and what are some of the hurdles we need to overcome? And if not for apartments, what other uses could be considered for our ageing office stock. In this latest Talking Property episode, we speak to the Principal and Commercial & Workplace Sector Lead at Hassell Ingrid Bakker, the Executive Director of Business NSW David Harding and the head of CBRE's UK Development Advisory Business Zoe Bignell to assess the options available to reenergise our CBDs and create true 24/7 cities. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at: talkingproperty@cbre.com. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

In 2019, Australia’s visitor economy was worth more than $166 billion and considered the country’s fourth largest export sector. As one of the world’s most liveable cities, Sydney has consistently placed amongst the top ten in the Global Liveability Ranking, a yearly assessment by the Economist Intelligence Unit. The global city was even named the world’s fourth most liveable city in 2023, beating out major cities like Vancouver and Geneva. One person who has contributed significantly to this performance is Steve Cox, CEO of Destination NSW. Part of his role is to drive the strategic direction of Destination New South Wales and the delivery of the visitor economy strategy for the state. In his exclusive interview with CBRE Pacific’s Chief Executive Officer, Phil Rowland, Cox explains the real-time strategies that his team are using to achieve economic targets and social benefits while bringing stakeholders together to make a difference to the people of NSW. To form a guiding blueprint for other global cities to take inspiration from, this vital conversation explores: For more insights on how to create a thriving global city, read CBRE's recent feature on how experts are building world class cities. If you have any questions from this episode or property topics that you’d like CBRE to answer in future episodes, please email us at: talkingproperty@cbre.com. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Is it possible to create an industrial workplace that workers want to be in? Or even an industrial workplace which sets a bold new standard in sustainability? While office, residential and retail spaces were the first property types to experience the real benefits of ESG (Environmental, Social and Governance) and placemaking initiatives, the industrial & logistics space is now a major investment grade asset class which is also beginning to inherit the same sustainability criteria. It’s a strong indication that industrial property has changed and is no longer just about employees arriving to work in a shed and then clocking off. In our latest ESG in Conversation series, CBRE’s Pacific Head of ESG, Su-Fern Tan, talks exclusively to Andrew Thai, National Sustainability Manager for Frasers Property Industrial, and Tamara Williams, Head of ESG for Altis. In this insightful talk, the trio explore the real-time sustainability strategies being used by today’s leading developers to help future proof their portfolios while showcasing the unique ROI opportunities that innovation in this space can bring. With analysis based around The YARDS project, the first industrial estate to ever achieve a Green Star Communities rating from the Green Building Council of Australia, the experts will specifically look at: If you have any questions from this episode or property topics that you’d like CBRE to answer in future episodes, please email us at: talkingproperty@cbre.com. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

In Australia’s 2023 May budget, the government announced 1.5 million in net migration for the country over five years to help revive a stalling economy. CBRE’s in-house budget analysis had experts evaluating this as a huge number of people to accommodate. It’s this sentiment which leads perfectly into this week’s Talking Property episode which explores Australia’s build-to-rent (BTR) sector in detail - blocks of apartments that are specifically built to be leased rather than sold to individual owners. As an emerging asset class, BTR has been attracting significant interest from both local and offshore investors as well as garnering plenty of industry attention as one part of a bigger solution to alleviating the country’s housing and rental crisis. With 30,000 apartments operating or in the pipeline across the country, there's big potential with forecasts the BTR sector could grow to as many as 150,000 apartments within 10 years. To understand the diversity of benefits, challenges and future market outlook for BTR in Australia, CBRE’s Pacific Communications Director, Kathryn House, talks exclusively to Mirvac’s Fund Manager and BTR Sector Lead, Angela Buckley, alongside CBRE Pacific’s Head of Living Sectors Capital Markets business, Andrew Purdon. If you have any questions from this episode or property topics that you’d like CBRE to answer in future episodes, please email us at: talkingproperty@cbre.com. If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.