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Melbourne has overtaken Sydney as the centre of industrial leasing, with the supply pipeline in the country’s largest city shrinking and tenants backing out amidst economic doubts, according to new research from JLL.
The national dwelling prices “may have found a floor” in July, with values stabilising after a consistent monthly decline through the first half of 2019, according to CoreLogic head of research Tim Lawless.
More than half of suburbs in Perth saw increased leasing activity in July, according to data from the Real Estate Institute of Western Australia (REIWA).