Australia was third most active investment market in Asia Pacific over the year to June 30, behind Japan and China respectively, according to CBRE.
Nick Axford - CBRE Asia Pacific head of research - says over the year to June, Japan was the most active investment market with US $13.6 billion in turnover.
China recorded US $11.8 billion in transactions over the period. Axford says that the volume of office transactions was slightly down in China compared to the previous 12 months. He says this was offset by strong activity in the retail sector and increased interest in the logistics market.
Australia recorded US $10.8 billion in transactions for the year to June 30. Axford says excluding capital flows from Hong Kong to China, Australia was the most active market for offshore investment over the period.
Looking ahead, Axford says uncertainty driven by global events will remain a key theme in occupation and investment across the Asia Pacific.
“In this environment we will continue to see strong interest in Australia – due to the liquidity and transparency of the market and the relatively higher investment yields – and China, which is still considered to be the best long term growth bet,” Axford says.