Five Australian cities in the top ten of JLL’s Investment Intensity Index in Asia Pacific, with Sydney leading.
Sydney attracts the highest proportion of real estate investment in Asia Pacific, according to JLL’s Investment Intensity Index, which compares the volume of direct real estate investment over a three-year period to the economic size of a city.
"Australia and New Zealand are well represented in our Investment Intensity Index, as they are the most transparent real estate markets in Asia Pacific, due to attributes such as good market data availability, fair transaction processes, high standards of regulatory, accounting and corporate governance," said Dr. Megan Walters, Head of Research, Capital Markets, Asia Pacific.
Cross border investment has played a key role in pushing Australasian cities to the top, said Walters. "The share of cross-border investment is above the regional average in most cities in Australia, New Zealand, together with Tokyo, as they have few government restrictions relating to foreigners buying assets."
"In addition, prime office yields in Adelaide, Perth, Auckland and Brisbane ranged between 7 and 8 percent, the highest among the top ten, making these highly attractive to investors," said Myles Huang, Research Director, Asia Pacific Capital Markets.
Top ten Asia Pacific cities in JLL’s Investment Intensity Index:
1. Sydney
2. Auckland
3. Melbourne
4. Brisbane
5. Tokyo
6. Hong Kong
7. Taipei
8. Singapore
9. Adelaide
10. Perth