The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
A one-day deep dive on office, retail, healthcare, childcare and alternative sectors
UPCOMING | COMMERCIAL REAL ESTATE SUMMIT
LEARN MOREDETAILS
On Demand

Fireside Chat | Inside GemLife With Adrian Puljich

Building Australia's Newest Airport: Multiplex

The Makers Of The Mondrian | Design, Vision And Delivery Behind One Of Australia’s Most Anticipated Luxury Hotels

Next Gen Now | How Emerging Developers Are Redefining The Game

View All >
Latest News
Office

Off-Market Newstead Site Deal Breaks Land Rate Record

Taryn Paris
2 Min
The Urban Developer Industrial and Logistics Summit 2025
Exclusive

Keeping the Lights On: Growing Pains Jeopardise Industrial Boom

Vanessa Croll
8 Min
Finance

Coposit Expands to WA with Linic Group Partnership

Partner Content
5 Min
Office

Historic Midland Workshops Site Listed for Sale

Lindsay Saunders
2 Min
View All >
Events
Lunch

Women’s Leadership Lunch

Summit

Commercial Real Estate Summit

Summit

Urban Leader Awards

One-Day Course

Property Development Masterclass Series

View All >
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
OtherRalph NicholsonFri 08 Dec 23

[+] Foreign Capital Dries Up as Aussie Office Stays Down

TUD+ MEMBER CONTENT
Offshore Capital Hero
SHARE
print
Print

Off-shore investment in Australia—long a favoured destination for big global investors—has plummeted more than 60 per cent in the 12 months to September.

Australia’s office sector, hammered by employees’ stubborn refusal to leave home for the central business district in meaningful numbers, is leading declines.

Office sale volumes in the three eastern seaboard capitals have fallen between 71 and 79 per cent in a year. Even Perth and Adelaide—both with current weekly office occupancies above 85 per cent—have felt the chill.

TUD+ Member Only Content

Want to read more?

Sign in to your TUD+ Account or join 50,000 property professionals who stay up to date with our newsletters and market trends with Australia's most trusted property journalists.

Sign InBecome a Member
OtherStudent HousingRetailResidentialOfficeInfrastructureIndustrialBuild-to-RentAustraliaReal EstateFinanceDeal
AUTHOR
Ralph Nicholson
More articles by this author
TOP STORIES
The Urban Developer Industrial and Logistics Summit 2025
Exclusive

Keeping the Lights On: Growing Pains Jeopardise Industrial Boom

Vanessa Croll
8 Min
Exclusive

What’s Driving Pro-invest Push into ‘Underserved’ Micro-Apartments

Taryn Paris
6 Min
Sud-slingers are back in action in 2025, with the Sydney market recovering after years of disruption.
Exclusive

Sydney Pub Market Rebounds After Post-Covid Lows

Patrick Lau
5 Min
Gelephu Mindfulness City: Bhutan how a city of the future is planned
Exclusive

Bhutan’s Mindfulness Masterplan Resetting How Cities Work

Renee McKeown
8 Min
Long Bay Correctional hero
Exclusive

Time to Rethink: Fresh Bid to Unlock Prison’s Prime Site for Homes

Clare Burnett
7 Min
View All >
Article originally posted at: https://www.theurbandeveloper.com/articles/foreign-capital-dries-up-as-aussie-office-stays-down