Australian commercial property sentiment softened for a second consecutive quarter, with weaker retail conditions weighing on the market, according to the latest NAB Commercial Property Survey.
NAB Global Forward View October — Resilience to be tested - NAB
21 October 2026
Key points
- Q3 growth held up while business surveys point to positive momentum as headwinds intensify.
- Headwinds are coming from the renewed spike in energy prices, rising interest rates (short and long-term), and fading support from fiscal policy.
- AI investment has been a support to global growth; while this is likely to continue for some time, possible downside risks to the sector have come into focus.
Read the October NAB Global Forward View in full.
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