In March 2025, the Australian cities of Melbourne and Canberra had rental property vacancy rates of 1.5 percent, respectively. In contrast, the rental property vacancy rate in Hobart was estimated at 0.5 percent in the same month.

In February 2025, the Australian city of Melbourne had a residential rental property vacancy rate of around *** percent. The February residential rental property vacancy rate in Melbourne reached a high of *** percent in 2021.

In the first quarter of 2025, the office property vacancy rate in the central business district of Melbourne, Australia, was the highest, with a rate of around **** percent. The central business district of Sydney had an office vacancy rate of **** percent in comparison.

In February 2025, the Australian city of Perth had a residential rental property vacancy rate of *** percent. The February residential rental property vacancy rate in Perth reached a peak of *** percent in 2017.

In February 2025, the Australian city of Canberra had a residential rental property vacancy rate of *** percent. The capital city experienced a February rental property vacancy rate high of *** percent in 2023.

In February 2025, the Australian city of Adelaide had a residential rental property vacancy rate of *** percent. The residential rental property vacancy rate in Adelaide had decreased each year between February 2017 and 2024.

Job Vacancies in Australia decreased to 328.90 Thousand in the first quarter of 2025 from 344.50 Thousand in the fourth quarter of 2024. This dataset provides the latest reported value for - Australia Job Vacancies - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The office property sector has faced considerable headwinds from recent economic disruptions, including the lingering effects of the COVID-19 pandemic and a series of interest rate hikes. These dynamics and the rapid shift to remote and hybrid work models have diminished demand for traditional office spaces. Nonetheless, premium and A-grade offices in key CBD locations continue to attract stable, high-quality tenants, even as tighter Foreign Investment Review Board (FIRB) regulations have curbed foreign investment and spurred a turn towards domestic capital. Overall, industry revenue is anticipated to have fallen at an annualised 4.3% over the past five years and is expected to total $32.7 billion in 2024-25, when revenue will drop by an estimated 4.5%. Rising financing and maintenance costs have squeezed operating margins alongside evolving tenant demands. From 2020 to 2023, the sector experienced declining rental yields and prolonged lease renegotiations as businesses sought more flexible workspace arrangements. Operators have increasingly turned to technology-driven solutions and outsourcing to reduce wage expenses, yet the burden of capital expenditure and higher borrowing costs remains significant. Despite efforts to streamline operations through advanced property management systems, these cumulative cost pressures continue to erode profitability, leaving operators cautious about committing to new developments in an uncertain economic environment. Looking ahead, Australia’s recovering economy offers both promise and hurdles for office property operators. A revival in business confidence and gradually easing monetary policy are forecast to drive domestic investment, although the rise of flexible workspaces will continue to challenge traditional leasing models. Developers are responding by upgrading premium assets with modern amenities targeted at evolving tenant needs. Moreover, policy adjustments from the FIRB are set to reawaken interest from foreign and institutional investors, prompting a greater flow of capital into the industry. This combination of factors is set to culminate in annualised revenue growth of 3.3% over the five years through 2029-30 to $38.4 billion.

In February 2025, the Australian city of Hobart had a residential rental property vacancy rate of *** percent. The highest February residential rental property vacancy rate in Hobart within the given period was recorded in February 2024.

Over the past two years, industrial property operators have suffered from reduced total merchandise imports and exports. However, expansions in business inventories have helped the industry and growth in online shopping popularity has propped up demand for industrial properties, particularly warehouses and logistics buildings. Forecasts estimate industry revenue to climb at an annualised 23.2% for the five years through 2024-25 to $19.3 billion. Notably, this growth rate is relative to a low base year in 2019-20. This year saw negotiated lease agreements meant to accommodate the pandemic-era economic landscape. More recently, climbing interest rates have justified higher rental prices, which have helped swell revenue compared to the 2019-20 financial year. More recently, the industry has fallen in revenue, recording a 3.9% slump in 2024-25. The effect of mining demand has been twofold on the Industrial and Other Property Operators industry. As overall mining demand has decreased, in part because of a slowdown in construction in China, the number of storage facilities that mining companies need has reduced, while simultaneously, many of the larger miners have sought to secure their storage capabilities by building their own warehouses, trading rental costs for construction costs. Combating this has been an improving business confidence index, which bodes well for the industry as more companies potentially look to expand their operations, requiring them to lease more property and driving revenue up for the industry. Current profit margins are estimated at 31.2%, a healthy figure that should remain relatively stable for the next five years. Over this same period, the industry will face some troubles, with a rising bond rate redirecting investments away from property and indicating the possibility of higher mortgage rates. These raised costs will see consolidation in the industry as the more significant industry players with greater cash reserves or access to capital can exploit reduced competition for new properties up for sale. Forecasts estimate revenue to swell at an annualised 0.2% for the five years through 2029-30 to sit at $19.5 billion.

In February 2025, the Australian city of Darwin had a residential rental property vacancy rate of *** percent. This marked a slight increase compared to the previous year. The February residential rental property vacancy rate reached a high of *** percent in Darwin in 2019.

Retail property operators in Australia have endured highly volatile trading conditions over the past five years, as shifting consumer preferences and economic volatility have shaped a turbulent landscape. The rapid rise of ecommerce has contributed to a steady decline in demand for traditional retail space, prompting tenants to reassess their store portfolios and, in many cases, reduce their physical footprints. Segmentation across the market has increased: many prime locations have remained in high demand, supported by resilient consumer traffic, while secondary and legacy centres have faced elevated vacancies and downwards pressure on leasing terms. Major operators like Scentre Group have concentrated capital expenditure on refurbishments, sustainability initiatives and large-scale premiumisation, reinforcing their appeal to top-tier tenants seeking modern, energy-efficient premises and amenities. Overall, industry revenue is expected to have risen at an annualised 2.3% over the past five years to total $37.2 billion in 2024-25, when revenue is anticipated to grow 2.4%. High interest rates and cost-of-living pressures have influenced the industry’s performance, as consumers have reined in discretionary spending and retailers have hesitated to expand. These headwinds have made asset quality and operational excellence critical. Upgraded centres with strong anchor tenants (like major supermarkets Coles and Woolworths) and strategic locations continue to attract healthy tenant demand, in contrast to weaker performing assets, which have been exposed to persistent vacancies. The trend towards omnichannel retailing, with operators integrating click-and-collect and logistics support, has offset challenges related to increased online sales, particularly in lifestyle-oriented suburban centres that have maintained foot traffic and occupancy rates. Meanwhile, operators have been diversifying their income streams – like turnover rents, parking and management services – and leveraging technological efficiencies in property management to support profit margin growth, even as overall conditions remain volatile. Looking ahead, the industry operators will face a more challenging environment. Intensifying ecommerce growth and persistent cost pressures are set to limit broad-based expansion, placing greater emphasis on portfolio quality, tenant retention and adaptable leasing structures. While operators that focus on mixed-use redevelopment and advanced sustainability standards will be better positioned to weather these headwinds, legacy and underinvested properties may face rising vacancies and stiffer competition. Overall, industry revenue is projected to contract at an annualised 1.4% over the five years through 2029-30 to $34.7 billion.

The Serviced Apartments industry has experienced significant volatility in recent years. The outbreak of the COVID-19 pandemic saw a drastic drop in occupancy rates because of international and domestic travel restrictions, posing a significant challenge to meeting fixed costs. Government stimulus like the JobKeeper payment scheme and strategic diversification of revenue sources helped businesses survive the pandemic years. Easing restrictions in 2022 saw a tourism revival, boosting occupancy rates and profit margins. Industry employment surged as establishments hired additional casual staff to meet rebounding demand. Pre-pandemic investments in new serviced apartments also facilitated growth in business numbers. The surge in luxury travel has been a significant performance enhancer, directly fuelling profitability and contributing to the industry's revenue growth since the pandemic. With Australia approaching record levels of international travel in 2024-25, the luxury serviced apartment market shows promise of continued growth. Occupancy rates in some popular locations have already eclipsed pre-pandemic benchmarks, which has boosted revenue across the industry. Overall, the industry's robust recovery has resulted in an estimated annualised revenue growth of 7.6% over the last five years, reaching $6.1 billion. This figure includes an expected hike of 0.4% in 2024-25 as international travel approaches peak capacity. The Serviced Apartments industry is poised for growth over the next few years, with an anticipated annualised 1.1% increase through the end of 2029-30, amounting to an estimated $6.5 billion. Record international tourist numbers will propel this growth, while rising household incomes will foster domestic tourism. Even so, the ever-growing threat from alternative accommodations, like Airbnb, and the Hotels and Resorts industry will intensify competition, compelling serviced apartment providers to reduce prices to retain occupancy rates. Large conglomerates are set to strengthen their market hold by expanding their establishment numbers. Their global brand recognition will continue to offer a competitive advantage over smaller players in attracting business and international travellers.

The Australia data center colocation market size was valued at USD 1.59 billion in 2023 and is expected to reach USD 3.39 billion by 2029, growing at a CAGR of 13.47%.

In February 2025, the Australian city of Brisbane had a residential rental property vacancy rate of one percent. In February 2017, Brisbane's residential rental property vacancy rate peaked at 3.7 percent.

Firms in the Real Estate Investment Trusts industry manage publicly listed trusts, focusing largely on commercial property. These trusts typically trade as stapled securities listed on the ASX. Real Estate Investment Trusts (REITs) in the industry purchase and manage retail, office, industrial and other types of property. REITs generate rental income by leasing properties to businesses and investment income through developing or selling properties. Rental income generated by REITs is relatively stable, while investment income can fluctuate significantly every year. Despite volatile operating conditions in recent years, industry firms have benefited from growth in the number of businesses and low borrowing costs over the two years through 2021-22, enabling many industry REITs to expand their property portfolios. Nonetheless, aggressive cash rate hikes, particularly during 2022-23, impacted the industry's performance by increasing borrowing costs and constraining expansion efforts. Industry-wide revenue has been growing at an annualised 0.9% over the past five years and is expected to total $20.9 billion in 2024-25, when revenue will rise by an estimated 1.7%. The industry has faced volatile trading conditions in recent years, with the COVID-19 pandemic creating significant demand disruptions in key product segments, including retail and office property markets. Industry enterprises have inched downwards in recent years due to acquisition activity among some of the industry's larger firms. Nonetheless, several new REITs have been listed on the ASX over the past few years, supporting growth in industry establishments. REITs are set to benefit from rising demand for commercial property over the coming years. Economic conditions will stabilise, with demand for retail and office property poised to climb. Some industrial companies are set to reshore manufacturing activities or retain more inventory to ensure the reliability of supply chains. This trend will boost demand for industrial property. Rising demand across key property segments will enable REITs to implement rent increases, supporting revenue growth and industry profitability over the period. Overall, industry revenue is forecast to grow at an annualised 3.8% over the five years through 2029-30 to total $25.2 billion.

In the second half of 2024, the industrial property vacancy rate in Melbourne was the highest across Australia, with a rate of around *** percent. The lowest vacancy rate of industrial properties was in Perth, where a rate of *** percent was recorded.

The industry is benefiting from a long-term shift in dwelling preferences away from traditional single-unit houses and towards higher density apartments and townhouses. Still, this trend reversed during a surge in single-unit house construction under the Federal Government's HomeBuilder scheme and a slump in multi-unit dwelling investment to a cyclical low in 2021-22 as multi-unit dwelling commencements plunged 34.9% over the two years to 2019-20. The sharp contraction in multi-unit dwelling construction stemmed from the emergence of excess unsold stock, tighter restrictions on foreign real estate investment and closed international borders at the height of the COVID-19 pandemic. Demand for new dwelling construction has jumped thanks to extremely low rental vacancy rates since pandemic restrictions eased and Australia's population growth recovered. Rising household formation rates have encouraged property developers to kickstart deferred apartment developments. Residential builders have endured deteriorating profitability through 2024-25 in the face of unfavourable investment conditions and mounting inflationary pressures following earlier pandemic-related supply chain blockages. Adverse trading conditions have contributed to the collapse of several prominent builders, including Probuild, St Hilliers and Dyldham, with flow-on effects throughout the entire industry. Over the five years through 2024-25, industry revenue is expected to decrease at an annualised 2.5% to $52.1 billion, despite anticipated growth of 1.2% during the current year. Several factors have contributed to the industry's recent resurgence, including initiatives from the National Housing Accord (NHA) and the start-up of build-to-rent (BTR) developments. The focus of the government’s residential development efforts through the NHA has been on boosting the stock of affordable housing, including using the Housing Australia Future Fund (HAFF). The recent development of several large-scale BTR projects reflects institutional and taxation changes to allow the investment model, with residential property developers and renters alike increasingly embracing the option. Conditions will strengthen considerably for builders focusing on multi-unit dwelling construction. Industry revenue is projected to grow at an annualised 5.7% through the end of 2029-30 to $68.7 billion. Mounting population pressures, rising house prices and a minor reduction in mortgage interest rates point to favourable investment in medium-to-high-level building projects. The industry will also derive stimulus from the Federal Government promoting the construction of 1.2 million dwellings over the five years from 2024-25 and funding social and affordable rental housing under the HAFF.

Residents are often independent and choose to live in retirement villages for lifestyle reasons. Many retirement villages provide additional services for residents, like meal preparation, laundry and cleaning services. Changing customer expectations are gradually affecting the industry's product offerings. This trend has led to variation in facilities, including the construction of luxury resorts in coastal locations for baby boomers wanting a sea change and new, vertical, higher-density, amenity-rich facilities in inner-city locations for working older Australians. Other facility operators are providing integrated product offerings, including co-located retirement villages and aged-care facilities. A rise in deferred management and maintenance fees has recently boosted revenue. However, increasing fees have also attracted public concern and greater regulatory oversight, which has weighed on profit margins. In response, retirement village operators have introduced new funding models, including pay-as-you-go models, to gradually move away from the traditional deferred-fee funding model. New business models are also catering to changing expectations and the increasing desire for 'housing for life' options that provide a continuum of care. In view of these variables, revenue is expected to grow at an annualised 2.8% through the end of 2024-25 to $6.2 billion, including slightly higher growth rates of 3.7% in 2024-25 as vacancy rates remain low. The future is looking positive for retirement village operators. Australia's ageing population is set to underpin significant demand growth. In response, retirement village operators will roll out new retirement village options integrated with various lifestyle, community, health and wellness offerings that reflect the increasingly diverse needs of its customer base. The ongoing reform of Australia's wider aged-care sector will impact the operating environment and provide an opportunity to offer alternative and accessible age-appropriate accommodation for Australia's ageing population, especially as the current pipeline of residential aged care facilities lags projected demand. The new Aged Care Act 2024 will also have regulatory implications for those retirement village providers involved in the provision of government-subsidised home care services. Revenue is projected to climb at an annualised 3.2% over the five years through 2029-30 to $7.3 billion.

This dataset presents the percentage rate of occupancy of accommodation in Tourism Regions around Australia for the years 2012/13 to 2014/15. The Tourism Regions covered in the data are from the 2014 release of the Tourism Regions from the Australian Bureau of Statistics. Tourism Research Australia's (TRA) Tourism Region Profiles provide comprehensive supply and demand tourism data for all of Australia's 2014 tourism regions. The data includes: Total tourism expenditure Overnight visitors Visitor/population ratio Accommodation (rooms, occupancy and RevPAR)