While the third quarter of FY2024 saw a decrease in the number of transactions completed in Australia, the average deal value has increased significantly.
Based on the published transaction data for Q3 FY2024, there were 178 deals successfully closed compared to 239 in Q3 FY2023. However, the average deal size increased from $101.64 million in Q3 FY2023 to $152.49 million in Q3 FY2024 due to four transactions over $1 billion in this quarter compared to only one in Q3 FY2023.
The focus of our analysis in this update is on mid-market transactions, and we have excluded transactions with a gross transaction value greater than $5 billion.
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