2025年澳大利亚地平线报告（英）-莱坊

knightfrank.com.au/horizonreport20252nd editionYour guide to the future of the Australian property marketA New Cycle DawnsHORIZON REPORT2The Horizon Report sets out our views on Australian real estate, taking you on a journey through the macro context underpinning investment performance, with specific insights across the office, industrial, retail and alternative sectors that shed light on the path to performance in 2025 and beyond.HORIZON REPORT3Our contributorsBEN BURSTONChief Economist, Research & ConsultingJENNELLE WILSONPartner, Head of Research & Consulting, QueenslandDR TONY MCGOUGHPartner, Head of Research & Consulting, VictoriaImportant notice © Knight Frank Research provides strategic advice, consultancy services and forecasting to a wide range of clients worldwide including developers, investors, funding organisations, corporate institutions and the public sector. All our clients recognise the need for expert independent advice customised to their specific needs. Important Notice © Knight Frank Australia Pty Ltd 2024 – This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank Australia Pty Ltd for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank Australia Pty Ltd in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank Australia Pty Ltd to the form and content within which it appears.How we chose our coverLooking ahead to 2025, we embarked on a creative journey to encapsulate the essence of the real estate market’s transition to a new cycle. Our goal was to visually represent this transition, highlighting both resilience and renewal. The imagery needed to convey the gradual recovery taking shape, while also engaging our audience with a sense of optimism and intrigue.Partnering once again with Studio Riz, we found inspiration in the natural cycle of a tree moving through the seasons. Influenced by the enchanting cherry blossoms of Toronto and the lush, iconic green tower of Sydney’s One Central Park, they envisioned a cityscape interwoven with vibrant foliage, symbolising the market’s evolution.Using cutting-edge Generative AI, Studio Riz created a series of refined and captivating images featured throughout this document. The cover showcases a tower adorned with a spectrum of seasonal hues, perfectly encapsulating the theme of renewal. The tagline, A New Cycle Dawns, aligns seamlessly with our narrative, capturing the promise of a market poised for a brighter, more prosperous future.JENINE CRANSTONPartner, Head of ESGFRED FITZALAN HOWARDAssociate D