Co-working spaces and retail here to stay, say property analysts
The future of Australia's property market looks bright with co-working spaces here to stay and retail set to change dramatically according to analysts.
CBRE's annual Australian Market Outlook conference held last week revealed optimism about the future of Australia's property market.
One of the key outtakes at the event shows the Asia Pacific emerging as the strongest growing economy globally, with property investors increasing their focus on alternative sectors that offer income stability and higher returns.
CBRE's head of global research, Dr Nick Axford, says all major economies are experiencing growth.
"It is difficult to find a major economy that isn't growing at the moment," says Axford.
"While the forecast is positive for now, we are late in the cycle, which signals rising interest rates over the coming years."
"While globally, investor sentiment differs from region to region, there is an overwhelming emphasis on asset diversification and stability of income as we move beyond traditional yield based performance. The world has changed, it's not just about core markets anymore there is a bit shift towards alternative sectors."
David Simmons - Business News Australia - 26 Mar 2018. Read more