Industry Focus

Property • Issue 1

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No. 1 6500 The ranking given to Melbourne, recently named the most liveable city in the world. The same report (by the Economist Intelligence Unit) named Adelaide 6th, Sydney 7th and Perth 9th. 322m The height of Australia's tallest residential building. Q1 on the Gold Coast was opened in 2005 and is the world's third-tallest residential tower. The number of apartments Lend Lease has created in Australia over the past 50 years. $426 million The biggest retail sale across 2012–13—a 50% stake in Sydney's Macquarie Centre, sold by Westfield to AMP Capital. 110,000 The number of first-home buyers predicted to enter the market in 2014. 18.6% 23,000 The number of people expected to work at Sydney's Barangaroo precinct when it is complete. Increase in building approvals nationally in the year to September 2013. 83.3% Average auction clearance rate over spring 2013, compared to 63.1% in the same period last year. $432,066 4.9 million The space taken up, in square metres, by office stock in the Sydney CBD, making it the biggest office market in Australia. The average price of an apartment in Australia, a growth in value of 1.3% during the September quarter and a jump of 4.9% in the past year. Property facts Sources: AMP Capital, Australian Bureau of Statistics, Australian Property Monitors, www.barangaroo.com, Colliers International, Economist Intelligence Unit, Forbes, Lend Lease, www.qi.com.au, Savills

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