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Melbourne, Australia : Office Snapshot - Q1 2013

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Melbourne, Australia : Office Snapshot - Q1 2013

Australia’s multi-speed economy remains relatively strong. The mining sector continues to buoy Australia’s terms of trade at relative highs despite recent a commodity price correction, while the Australian dollar continues to trade at above average levels despite recent monetary easing.

Whilst 2012 delivered reasonable economic growth the year performance softened after the first quarter. Interest rates continue to decrease along with consumer and business confidence. Longer term population growth continues to trend upwards although it has eased up somewhat in the past year.

Australia has been somewhat sheltered from the global economic challenges the past four years, predominately due to the stimulatory efforts of China but this protection is dissipating.

Source : Cushman & Wakefield

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