Peter Costello (Higgins, Liberal Party, Treasurer) Share this | Hansard source

The ANZ Property Outlook reports that CBD markets are tightening and vacancy rates are falling in the cities. In Sydney, prime office rentals have now reached over $500 per square metre. In Brisbane, rentals have now reached over $400 per square metre. In Canberra, office rentals have now reached over $300 per square metre. But there is one building in Canberra that does not have a rental of $300 per square metre, or $400 per square metre, or $500 per square metre. There is a building in Canberra which has a rental of $1,100 per square metre. The ALP’s Centenary House has a higher rent than rents in the West End of London, a higher rent than rents in Tokyo and a higher rent than rents in mid-town New York.

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