1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Commercial real estate boom continues in Perth

October 27, 2011

A recent survey by a prominent industry leader has highlighted the growth potential of Western Australia's capital city - with the state displaying some of the best result s in the country.

According to The Property Council of Australia, the region's resource boom has contributed to the massive expansion experienced by Perth's non-residential sectors.

Director Joe Lenzo said that the city was experiencing some of the tightest office rental markets in the nation, with rising rates and a limited number of vacancies.

"Property investors and developers in WA were mostly confident about prospects for the non-residential sector, including the commercial office and retirement living sectors," asserted Lenzo.

"This reflects the rapid expansion of the Western Australian economy that is now underway. The resource and infrastructure boom will underpin rapid growth in Western Australian economic activity for several years, with the boom in investment not expected to peak until at least 2014."

The prevailing market conditions in and around Perth mean that - for investors - the opportunity exists to generate a substantial return on investment over a relatively short time-frame.

However, the pressures felt by smaller firms currently involved in renting office space in the now-lucrative sector may mean they start to consider relocating to less expensive premises.



Related Articles

Melbourne's millionaire suburbs continue to rise

When you are interested in buying a property, it's important to pick something that suits your ...
read more

How affordable are Australian homes?

When it comes to buying a house, affordability is one of the most important aspects for any buyer. ...
read more

Housing gives the states a leg-up

New releases from the Housing Industry Association (HIA) have shone some important light on just ...
read more

Latest Articles

Housing gives the states a leg-up

New releases from the Housing Industry Association (HIA) have shone some important light on just ...
read more

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more