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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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