The second quarter of FY2023 saw a noticeable decline in the total number of transactions completed in Australia as well as a decrease in the average deal value compared to the corresponding period in the prior year.
Based on the published transaction data for Q2 FY2023, there were 270 deals completed compared to 452 in Q2 FY2022, being a decrease of 40%. In our analysis we have excluded transactions with a gross transaction value greater than $5 billion.
The average deal size decreased from $215 million in Q2 FY2022 to $84 million in Q2 FY2023, which can be attributed to a drop in the number of transactions with a deal value in excess of $100 million in FY2023 compared to FY2022.
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