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The Australian real estate market is one of the most expensive in the world, with median house prices more than double the global average. Prices have been rising rapidly in recent years, driven by strong demand and low interest rates. However, there are signs that the market is slowing down, with interest rates expected to rise further in the near future.
The Australian government is a major purchaser of real estate, spending billions of dollars each year on office space, residential property, and land. The government's procurement process is complex and regulated, and there are a number of opportunities for businesses to supply real estate products and services to the government.
The main real estate products and services procured by the Australian government include:
Office space
Residential property
Land
Facilities management
Property development
The top authorities for Australia real estate procurement include:
Department of Finance
Department of Defence
Department of Infrastructure, Transport, Cities and Regional Development
Department of Social Services
The top winners of Australia real estate procurement include:
Lendlease
Mirvac
Goodman Group
GPT Group
Dexus Property Group
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