After a difficult few years, the Perth CBD market is showing signs of recovery, with falling vacancy rates and positive demand. With very little new stock in the pipeline over the next few years it is anticipated that vacancy rates will fall further and that effective rents will start to increase.

While the housing market remains subdued, there are some glimmers of light in the broader economy, and also signs of improvements in the rental market. Sentiment in the residential property market has improved, but is still negative.

7 Ashby Close is an industrial property situated on the corner of Ashby Close and Berkshire Road in the suburb of Forrestfield. The property is leased to ASCO Transport & Logistics, part of the ASCO Group, who provide support to the oil and gas industry. Property Valuation & Advisory (WA) is pleased to share with you the details of its analysis of the sale of this property in April 2018.