{"id":41330,"date":"2025-02-13T07:00:34","date_gmt":"2025-02-13T00:00:34","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=41330"},"modified":"2025-02-13T00:15:08","modified_gmt":"2025-02-12T17:15:08","slug":"the-more-affordable-rentals-are-in-this-aussie-city-and-more-news","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/the-more-affordable-rentals-are-in-this-aussie-city-and-more-news\/","title":{"rendered":"The more affordable rentals are in this Aussie city, and more news"},"content":{"rendered":"
\"\"
Adam Calaitzis\/Shutterstock<\/figcaption><\/figure>\n

For PropertyGuru\u2019s real estate news roundup, Australia\u2019s rental market has changed so much over the past five years; you\u2019ll be surprised which city has the more affordable rentals. In other headlines, Singapore\u2019s total investment sales value is projected to be about SGD23 billion this year, despite the performance of interest rates. Lastly, the Metro Manila office market is expected to see new entrants from the healthcare and banking sectors this 2025.<\/p>\n

The surprising city in Australia emerging as a rental affordability hotspot<\/b><\/p>\n

Rapid rent growth driven by minimal availability amid strong demand has made conditions very challenging for renters for the past few years. But, as PropTrack<\/a> reports, some positive signs are emerging, with rent growth finally starting to slow. While this is good news for renters, it\u2019s also useful to step back and look at just how much the rental market has changed over the past five years, and how much more challenging renting has become. In 2019, 14 percent of these more affordable rentals were located in Perth. Today, that picture has changed radically. Those more affordable markets \u2013 regional areas, Perth, Adelaide, Brisbane \u2013 have seen such rapid growth in rents. What that means is that today, far more of the country\u2019s more affordable rentals are in Melbourne, which hasn\u2019t seen as strong growth as other parts of the country.<\/p>\n

2025 forecast for total investment sales to be SGD23B – Savills Singapore<\/b><\/p>\n

Singapore\u2019s sales volume of investment deals in 2024 increased to SGD26.61 billion, up from SGD19.65 billion in 2023. According to RETalk Asia<\/a>, this represents a significant year-on-year (YoY) growth of 35.4 percent. Notable yearly increases were observed across all asset classes, ranging from 12.1 percent to 133.1 percent. Investment momentum in the private sector has been reignited, backed by the availability for sale of investible core assets and better-than-expected economic growth. This and higher proceeds from the sale of GLS lands have collectively contributed to the strong showing in 2024. Investment sales in the residential sector continued to decline for the second consecutive quarter in Q4\/2024, down 24.3 percent QoQ to SGD2.41 billion. Savills Research projects total investment sales value to be about SGD23 billion this year, despite the performance of interest rates.<\/p>\n

Healthcare, banking firms to boost office demand in Manila \u2014 CBRE<\/b><\/p>\n

The Metro Manila office market is expected to see new entrants from the healthcare and banking sectors this year, according to real estate services and investment firm CBRE. \u201cIn this kind of market where we\u2019re coming off a slow year, it\u2019s encouraging that we\u2019re seeing new entrants into the market,\u201d CBRE Philippines Country Head Jie C. Espinosa said to BusinessWorld<\/a> during a briefing last week. He said industries seeking office space this year include healthcare, banking, financial services, and insurance. \u201cThey want to enter and be in spaces that are predictable, less risky for them, and where they can readily start their operations,\u201d Mr Espinosa noted, adding that these firms aim to start within four to six months.<\/p>\n

The Property Report editors wrote this article. For more information, email: <\/i>propertyreport@propertyguru.com<\/i><\/a>.<\/i><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Aussie city\u2019s affordable rentals, Singapore\u2019s investment sales forecast, Manila\u2019s office demand<\/p>\n","protected":false},"author":12,"featured_media":41331,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[4588,3802,1154,638,579],"class_list":["post-41330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-investment-sales","tag-news-roundup","tag-office-market","tag-real-estate","tag-rental-market","news_country-australia","news_country-philippines","news_country-singapore","news_author-property-report"],"acf":[],"yoast_head":"\nThe more affordable rentals are in this Aussie city, and more news | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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