Development site transaction volumes in Australia have recorded a rebound, particularly in the first half of 2025, driven by lower interest rates and renewed investor confidence.

While the overall commercial market had a slight dollar-to-volume decline in the 2024-25 financial year, this was due to a reduction in transaction numbers, which suggests a shift towards larger, more consolidated deals, including from international investors.

The industrial and retail sectors have been particularly strong, while the office sector has recorded fewer transactions due to pricing mismatches.