Sydney ranks third in the world for real estate transparency: JLL
Three Australian cities, Sydney, Melbourne and Brisbane, feature in the Top 15 most transparent real estate markets in the world, according to JLL’s new City Transparency Report analyzing 158 cities.
By country rankings, Australia has been consistently ranked in the top two globally.
JLL and LaSalle’s Global Real Estate Transparency Index, which has "tracked the evolution of real estate transparency for two decades," has been expanded to cover 158 metropolitan areas across the globe.
In the inaugural City Transparency Index: ‘2018 Transparency in 158 cities’, London tops the ranking with the world’s most transparent real estate market.
Los Angeles, Sydney, San Francisco and New York City round out the top five.
CEO of JLL Australia, Stephen Conry said:
“We see a strong relationship between transparency and cross-border investment activity.
“New investment mandates into Australia from cross-border investors typically specify Sydney and Melbourne as their preferred destination with Brisbane increasingly identified as a market on the cusp of a cyclical recovery.
“For the three Australian cities highlighted in the JLL Global rankings – Sydney, Melbourne and Brisbane – the cross border investment figures for 2018 demonstrate the investor interest.
Among their finding JLL figures also showed that 89% of all offshore investment in the first nine months of 2018 has been concentrated in New South Wales, Victoria and Queensland.
Offshore investment into office, retail and industrial totaled $5.1 billion in the first nine months, compared to $5.73 billion across all of Australia.
“For Queensland, the offshore proportion of total investment has been high at 46.3% and New South Wales and Victoria are both at about 25%,” said Conry.
