12/08/2026
RBA holds. The market is still active, but buyers and tenants are taking longer to commit.
The RBA has left the cash rate unchanged at 4.35%, but funding costs remain high and the economy is patchy. That is translating into longer deal times and a more cautious approach from both tenants and buyers.
The latest NAB Commercial Property Survey shows conditions eased in the June quarter, with the commercial property index down to +16. What we are seeing on the ground is not a lack of enquiry, it is slower conversion. Buyers are taking longer to get comfortable on price and funding, and tenants are taking longer to sign off as they push harder on incentives, flexibility and total occupancy costs.
For the remainder of the year, market activity should remain steady, but we expect deal timeframes to stay stretched. Buyers will keep pushing for sharper yields and better terms, and tenants will keep negotiating harder on incentives and flexibility, particularly in strip retail and smaller suburban offices. **er
