Sales volumes in Q1 were $1.7 billion across 17 transactions, a ~56% decrease on 2019 ($4

Cost of debt to investors has increased due to uncertainty in the market by 25 50bps to all in rates back above 3%

Top prime CBD performers were Canberra and Adelaide, registering quarterly net effective rent (NER) growth of 1.2% and 0.4%% respectively

Top non CBD performers were Brisbane Near City and North Sydney, registering quarterly net effective rent (NER) growth of 0.6% and 0.5% respectively

Vacancy in Sydney prime remained flat in the second half of the year to record 3%, with Melbourne falling another ~40ppt to 2.0%

Prime yields recorded the biggest compression in Sydney and Brisbane with each market now averaging 4.5% and 5.3% respectively