Footy preseason is in full swing and the property league is also gearing up for the new season with a change of tactics in the wind for 2024.
Billions of dollars are sitting on the sidelines and chief executives are taking check of where the property cycles lie.
There is a consensus the industry is holding back a little and looking towards the second half of the season to bring home the wins.
At the highest level of the competition, office, residential and industrial could be taken out by the new kids on the block—commercial residential.
Experts predict marquee player build-to-rent will be joined by veteran aged care along with student accommodation, which is expected to make a comeback, despite some niggling injuries.
The above is an exert from The Urban Developer, published 16th February 2024, where Urbis Director, Penny Douglas was sought for her expert opinion on ‘Property’s hottest sectors to watch in 2024’. Read on for Penny’s comments.
According to MSCI research, the biggest movement in transactions were for Melbourne and Brisbane apartments, driven by interest in commercial residential.