Australia’s commercial real estate (CRE) sector is showing increasing signs of imbalance in some areas, but the risks this development poses to Australian major banks will remain manageable 1 . The rising risks in the commercial property sector include:
» Higher vacancy rates from an increase in supply of, and weak demand for, office properties in Brisbane and Perth, and;
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
