As was widely anticipated, on 7th March, the Reserve Bank of Australia’s increased the Cash Rate for the tenth time within the past year.
Between 2000 and 2014, supply of large format retail (LFR) space surged as Perth went through cycles of strong population growth, increased housing construction activity and the expansion of the city.
Over the past ten years, the average size of lots in residential vacant land subdivisions have shrunk from an average of 472m² in 2012 to 432m2 in 2022, a decline of 8.5%.
The appetite for industrial investment grade assets remained buoyant in the six months to December 2022, however, the rapid increase in the RBA Cash Rate has led to some buyer hesitation emerging..
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The Property Council of Australia’s latest data placed the Perth CBD office vacancy rate at 15.6%, down from 15.8 per cent in July last year.
The historic Perth Hostel building at 194 William Street is coming to market, with leading independent commercial agency Cygnet West appointed as exclusive selling agents.
A pair of mixed-use properties in the heart of Perth’s premier entertainment district is coming to market for the first time in more than two decades, with Cygnet West expecting significant interest