Property Valuation & Advisory (WA)
Quality independent professional property advice since 1978
Property Valuation & Advisory (WA) is an independent provider of quality valuation and advisory services. We understand the Perth, and rest of WA, property markets intimately and use that knowledge to best serve our client’s needs.
Our team is an experienced group of professionals, each with decades of experience in private practice, many with backgrounds in large international firms. Contact Us.
Property Valuation & Advisory (WA) has a wide range of commercial and residential property valuation experience. A comprehensive list of our specialist areas can be viewed here
Perth CBD Office Snapshot – February 2021
About Us
Property Valuation & Advisory (WA) is an independent provider of quality valuation and advisory services. We understand the Perth, and rest of WA, property markets intimately and use that knowledge to best serve our client’s needs.
Our team is an experienced group of professionals, each with decades of experience in private practice, many with backgrounds in large international firms. Contact Us.
Specialisation
Property Valuation & Advisory (WA) has a wide range of commercial and residential property valuation experience. A comprehensive list of our specialist areas can be viewed here
Perth CBD Investment Office Sale
A property between 905 and 919 Hay Street in Perth, which includes a 14 level, 13,360 square metre office building, as well as three heritage listed buildings, has reportedly been sold for $67.8 million to Redhill Partners. The building was leased by Chevron until April last year and since then has been vacant. For more information regarding the office market please contact Gavin Chapman
What is the current Office Vacancy Rate in the Perth CBD?
The office vacancy rate increased to 20% in January 2021, from 17.5% in July 2020, according to the Property Council of Australia’s latest Office Market Report. The vacancy rate for Premium grade office space remained the same at 6.8%, while the rate for A-grade office space increased from 15.8% to 20.5%. Sub-lease space increased from 0.9% of all stock in July 2020, to 1.5% in January 2021. For more information regarding the Perth office market please Read our report or contact Gavin Chapman
What is the Current Dwelling Value in Perth?
Perth home values increased by 1.6% in the month of January 2021 (month-on-month), according to CoreLogic’s Home Value Index. The index increased by 0.9% nationally. The median value for houses in Perth was $506,083, and for units* $369,531. ‘The median rental rate in Perth is still $90/week lower than the 2013 peak’. (*residential properties which are on a strata title). For more information on residential property values, contact Richard Hagon