Melbourne office oversupply mushrooms

30-year highs

Office vacancy rates rose to near a 30-year high in July, according to the Property Council's latest office markets report.

I'm potentially in the market for an office in Brisbane...but Brisbane's office market has held up in fairly solid fashion, and there don't appear to many attractive deals around! 

Melbourne's CBD, on the other hand, is almost one-fifth empty.

The new supply of prime office space in Melbourne is proving particularly difficult to lease.

Looking ahead, furthermore, Melbourne CBD has by far the strongest supply pipeline over the next 3 years.

Meanwhile the state government is planning to mandate working from home 2 days per week in Victoria. 

As such, expect vacancy rates to rise further, and for office values and rents to continue falling in Melbourne. 

---

 1. Download our property buying guide

Download our free property buying guide here. 

You can also check out a few of our recent property purchases here. 

Get in contact with us today if strategic property investment is your thing. 

    2. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with well over 50,000 audio downloads per month, and growing fast.

And our popular Low Rates High Returns Show also remains available on Spotify.

    3. Subscribe for my free daily blog

Subscribe for my free daily blog with more than 4 million hits here. 

You can also catch up with me daily on Twitter here, where I'm far too active daily and have over 15,200 followers. 

By the way, I'm an 8-times published author on finance, investing, and business, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to buy here or on Amazon here - check out our free Buy Right podcast series here. 

4. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.