CoStar Canada’s Post

The national average occupancy rate ticked up to 94.2% in April 2024, the first increase since February 2022. This increase is likely due to seasonal patterns. However, rent growth is subdued due to high supply. The Midwest is doing particularly well, with eight of the 14 major markets experiencing 2% rent growth. To learn more: https://lnkd.in/gNnQCKNE #CRE #CRENews #Occupancy #MultiFamily "

Vacancy rates have declined in every major Australian city, which is set to put additional pressure on rent prices. If you're an investor in this market, don't stress about finding a tenant. According to the latest data, population growth will continue to far outpace the stock available until at least 2029. #realestateadvice #realestateexpert #realestate #realestateau #property #propertyinvestment #propertyinvestor #propertyexperts #australianproperty

European Real Estate Logistics Census was conducted over the summer of 2023 by supply chain market analysts. 42% of occupiers view the macro-environment as more favourable than six months ago, compared with 35% a year ago. Rising costs (42%) and economic uncertainty (28%) are the top two factors affecting occupiers this year, followed by labour availability (21%). A challenging macro environment is stalling expansion plans for some: 39% are scaling back or delaying by one to two years. Pressures appear to be viewed as short-term, however, as only 12% are scaling back or delaying by two to five years and only 3% are on-hold indefinitely. https://lnkd.in/dVMXbP4n

According to data from PropTrack (REA), vacancy rates are currently on the decline in major capital cities. Specifically, the situation has deteriorated in Sydney, Perth, and Hobart. This trend persists despite more individuals resorting to shared housing and returning to their parents' homes, as the real estate market struggles to keep pace with population growth.

The triple boost of population, jobs, and income growth translates to a rising demand for housing. A projected $860 billion in income over the next decade will likely be directed to housing and living.* 🏙️ Capital cities are rebounding. ⬇️ Low vacancy rates persist. 📈Demand for housing is rising. All of this is creating a surge in rentals, providing incredibly positive indicators for 2024. Are you looking for a specific property or location? Book a free 20-minute chat today to discuss ideas on where to focus your investment in the new year. https://hubs.la/Q029-wCS0 #Ironfish #TogetherInProperty #TheTimeIsNow #PropertyInvestment * Source: CBRE Research Report: Apartment vacancy and rent outlook (Oct 2023)

The triple boost of population, jobs, and income growth translates to a rising demand for housing. A projected $860 billion in income over the next decade will likely be directed to housing and living.* 🏙️ Capital cities are rebounding. ⬇️ Low vacancy rates persist. 📈Demand for housing is rising. All of this is creating a surge in rentals, providing incredibly positive indicators for 2024. Are you looking for a specific property or location? Book a free 20-minute chat today to discuss ideas on where to focus your investment in the new year. https://hubs.la/Q029-x7v0 #Ironfish #TogetherInProperty #TheTimeIsNow #PropertyInvestment * Source: CBRE Research Report: Apartment vacancy and rent outlook (Oct 2023)

𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐑𝐢𝐬𝐞𝐬 𝟐.𝟒𝟕% 📈 Australia’s population is growing rapidly, even as the supply of new #housing 🏘️ is slowing, based on the latest data from the Australian Bureau of Statistics. The population rose 2.47% between the 📅 December quarters of 2023 and 2024, compared to an average growth rate of just 1.52% over the past two decades (see graph). 📊 Meanwhile, the number of homebuilding projects that started fell 6.4% during the same period. 🏗️⬇️ With supply failing to keep pace with demand in both the sales and rental #markets, this is likely to put upward pressure on prices and rents. 🏠💰 Don't miss out on the latest trends! Follow for more updates and insights.🔔 #Property #RealEstate #HomeLoans #MarketTrends #HousingMarket #AustraliaHousing #PopulationGrowth #Investment #HousingCrisis

While it's great to see such a population rise, the drop in new homebuilding projects is somehow concerning. It will be important to find solutions to balance this out and maintain housing affordability. Hopefully, we'll see some proactive measures to address this. 🏠💡

Population Growth Outpaces Housing Supply in Australia 📊 Australia's population has surged by 2.47% between December 2023 and 2024, significantly higher than the 1.52% average over the past two decades. However, new housing supply isn't keeping up, with homebuilding starts down 6.4%. 🏡 This imbalance between supply and demand in the sales and rental markets could drive prices and rents even higher. Now is a crucial time for homeowners and investors to understand these trends and make informed decisions. 💡 #RealEstate #Australia #PropertyMarket

The latest RBA Statement of Monetary Policy (SoMP) warned that Australia’s record immigration-fueled population growth is driving rental inflation higher. The RBA also projected that the situation would continue as demand via population growth outruns new housing supply. “The rental market remains tight and the ongoing weakness in dwelling investment suggests this is unlikely to ease in the near term”, the RBA SoMP reported. “This is consistent with a limited supply of new dwellings, strong population growth and a shift in preferences during the pandemic towards more residential space that has led to a lower average household size”. “Rent inflation remains high, and this is expected to persist because of the ongoing tightness in rental market conditions”, the RBA SoMP said. .... full article... https://lnkd.in/gUpAS4d5