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REA Weekly Commercial Search Report Insights

  • Writer: Team CapStack
    Team CapStack
  • Aug 19, 2021
  • 2 min read

Both 'buy' and 'lease' commercial property searches have increased in most states last week.

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Year-on-year change in searches for commercial properties for sale in Australia.
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Year-on-year change in searches for commercial properties for lease in Australia.

Report Highlights


For-Sale Searches

  • Overall this was the strongest week-on-week growth since March, rising 4.9%.

  • This growth follows four consecutive weeks of declines.

  • Overall search volumes are currently 23.3% higher when compared to 12 months ago.

  • Buy searches dropped only in the ACT (14.7%) following the implementation of a seven-day lockdown.

For-Lease Searches

  • Overall searches grew 1.9%.

  • This growth follows four consecutive weeks of declines and was largely driven by QLD where search volumes grew 14.5% with the state emerging from a lockdown.

  • Overall lease searches are down 3.2% when compared to 12 months ago.

  • Lease searches in the ACT dropped 10.3% again following the implementation of a seven-day lockdown.

According to the REA Report:

To date, the market to lease commercial property has been more impacted by lockdowns than the market to buy. While restrictions have significant implications for businesses looking to lease over the short-term, buyers typically have a longer-term view. The expectation that the vaccine rollout will reduce the risk of lockdowns in 2022 is supporting buyer confidence.

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