The Data App (TDA) estimate activity posted its second consecutive monthly decline in May. Following on from a 2.1% decline in April, TDA’s monthly activity indicator (MAI) fell a, more modest, 0.3% in May. So, for the first time, the annual growth in the MAI moved into negative territory.
The sale of shopping centres continued to fall in June. The Data App (TDA) estimate shopping centre sales across Australia declined by 60% in value terms in the three months to end of June, to a mere $212.3m. This compares to $531.5m in the same period a year earlier.
Real Investment Analytics (RIA) releases the Australian Commercial Property Market Indicators (CPMI) for Dec 2019. The CPMI provides the most extensive investment portfolio performance reporting dataset for the Australian commercial property market.
