- How much capital will I need to invest to be a partner at Big 4 firm?
- Doing Their Part: Accenture’s Ed Meehan talks about the “Hiring Our Heroes” Workshops
- 3 essential people you MUST have in your corner if you have a fighting chance of making partner
- How Should Consultants Best Use Facebook and Social Media
- 7 options to avoid lowering your fees for a client
- The only 8 metrics you need to make sure your business development activity is hitting the spot
- 3 simple questions to help you find your niche
- How to Deal with Client Unresponsiveness
- How my love affair with Buzzards will help you generate more referrals
- Every Coin Has Two Sides: Ernst & Young’s Joe Steger Talks With Big4.com About Q1 Global technology M&A update
PwC: Australia tops real estate investment
December 18, 2012
By Rob Starr, Content Manager, Big4.com
Australia has dominated investment flows in Asian real estate despite Sydney and Melbourne both slipping in the top 10 Asia Pacific real estate investment prospects for 2013, according to PwC and the Urban Land Institute.
Sydney slipped to fourth spot from third while Melbourne went from 7th position to 10th. It is the fourth consecutive year both cities have been included in the top 10 investments chosen from a basket of 22 destinations.
For the Asia Pacific as a whole, steady economic growth, rising incomes, and stable or increasing property values are contributing to an overall sense of optimism. However, this is tempered by growing concerns among investors that prime assets in key real estate markets are becoming overpriced. For instance, capitalisation rates across Asia remain more compressed than in many western markets, and yields for core office stock in cities such as Beijing, Hong Kong and Singapore are returning as little as two percent.
The Emerging Trends report provides a 12 month outlook on Asia Pacific real estate investment and development trends, real estate finance and capital markets, and trends by property sector and metropolitan area. Covering 22 markets in the Asia Pacific, it is based on the opinions of more than 400 internationally renowned real estate professionals, including investors, developers, property companies, lenders, brokers and consultants.