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Top related persons:
Jason Reed - 1 Lewis Jackson - 1 Kim Coghill - 1 Jim Chalmers - 1 Chalmers - 1 Renju Jose - 1 Sam Holmes - 1
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Sydney Birchgrove Australia Melbourne Perth Angeles New York CBRE
Top related orgs:
Property Council of Australia - 2 Thomson - 2 REUTERS - 1 SYDNEY - 1 Labor - 1 Reserve Bank of Australia - 1

Search resuls for: "Property Council of Australia"


2 mentions found


☆ Australia office vacancies edge up to highest level since 1990s
  + stars: | 2023-08-02 | by ( Lewis Jackson | Thomson Reuters | Reports On Breaking News In Australia | ) www.reuters.com   time to read: +2 min
Sydney office buildings and commercial real estate appear behind Sydney waterfront properties in the suburb of Birchgrove, Australia, November 3, 2016. The national CBD vacancy rate rose to 12.8% from 12.6, the data showed. "We are confident that the Australian office sector will stabilise and rebound strongly over the next few years," Curtain said in a statement. However, a review of past reports showed vacancy rates for prime offices in Sydney and Melbourne have increased over the past two years. In the case of Sydney, vacancy rates for prime and secondary offices are almost identical, at around 11%.
Persons: Jason Reed, Lewis Jackson, Kim Coghill Organizations: REUTERS, Property Council of Australia, Thomson Locations: Sydney, Birchgrove, Australia, Melbourne, Perth, Angeles, New York, CBRE
☆ Australia eyes bigger budget surplus but warns economy still slowing
  + stars: | 2023-06-28 | by ( Renju Jose | ) www.reuters.com   time to read: +2 min
SYDNEY, June 28 (Reuters) - Australia's budget surplus for 2022/23 will be bigger than the A$4.2 billion ($2.81 billion) projected in the May budget but high inflation and global challenges will "significantly slow" the domestic economy, Treasurer Jim Chalmers said on Wednesday. "I can reveal that we're expecting the surplus will be bigger than forecast in May," Chalmers said in a speech to the Property Council of Australia. Australia's Labor government in May boasted the first budget surplus in 15 years for the year to June 2023, a huge turnaround from the A$37 billion shortfall forecast last October. "We expect (inflation) to stay higher than we'd like, for longer than we'd like, but still tracking in the right direction," Chalmers said. ($1 = 1.4963 Australian dollars)Reporting by Renju Jose in Sydney; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
Persons: Jim Chalmers, Chalmers, Renju Jose, Sam Holmes Organizations: SYDNEY, Property Council of Australia, Labor, Reserve Bank of Australia, Thomson Locations: Australian, Sydney
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