Demand soars in big cities as mining eases

Original article by Su-Lin Tan
The Australian Financial Review – Page: 44 : 6-Aug-15

Recent data on Australia’s commercial vacancy rates suggest that non-mining sectors are expanding. The Property Council of Australia’s "Office Market Report" for July 2015 shows that Sydney’s vacancy rate fell to 6.3 per cent in July, from 7.4 per cent in January. Sectors that are particularly active in the office market include educational institutions, insurance companies, banks, fintech hubs and government departments.

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PROPERTY COUNCIL OF AUSTRALIA LIMITED, TYRO PAYMENTS, COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED, MMJ REAL ESTATE PTY LTD, AUSTRALIAN TECHNICAL AND MANAGEMENT COLLEGE PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BANK OF QUEENSLAND LIMITED – ASX BOQ, KNIGHT FRANK AUSTRALIA PTY LTD, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG

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