It’s that time of year again! As a property owner, you would have recently received your annual rating and taxing notice for 2020/2021.It is worth reviewing the determined value of your property (either Gross Rental Value (GRV) or Unimproved Value (UV)) to ensure you’re not overpaying relative to other property owners in the same area.
According to a recent media release, Self Managed Superannuation Fund (SMSF) auditors will need to check closely that assets in SMSF portfolios are held at market value for the 2020 tax year. Due to the effects of COVID-19, property asset classes either have been affected or could expect to be affected by the pandemic, while others will be more resilient.
While the Perth CBD market in general remains subdued, Premium grade buildings continue to perform well, with positive demand and fewer vacancies. The longer term impacts of COVID-19 on the Perth CBD office market are, as yet, unclear, and will depend on the effectiveness of Government stimulus packages and containment of the virus.
It’s that time of year again! As a property owner, you would have recently received your annual rating and taxing notice for 2020/2021.It is worth reviewing the determined value of your property (either Gross Rental Value (GRV) or Unimproved Value (UV)) to ensure you’re not overpaying relative to other property owners in the same area.
As WA starts to return to more normal levels of living and working, we would like to inform you that PVA(WA) staff have now returned to working in the office, and continue to operate ‘business as usual’.
We look forward to hearing from you should you wish to assess the value of your property
We look forward to hearing from you should you wish to assess the value of your property
The Perth CBD market is showing signs of continuing recovery, particularly in prime grade buildings, with falling vacancy rates and positive demand.Property Valuations & Advisory (WA) is an independent provider of quality valuation and advisory services.
January is always a slow business month as people drift back to work after the long school holiday period. So, as we enter February, a belated Happy New Year to everyone.
We would like to share with you some areas of interest for the property market this year.
In contrast to the Perth CBD, West Perth has yet to respond to changes in the economy. Its office market is characterised by static supply, falling demand and an increasing vacancy rate.
The Perth CBD market is showing signs of continuing, but slow, recovery, with falling vacancy rates and positive demand. It is generally expected that incentives will start to fall but will remain higher than average while vacancy rates remain high which should have the effect of increasing effective rents.
Western Australia has faced particular challenges in the tourism and tourism accommodation sectors since the downturn in its economy in response to a softening in the resources sector. However, the latest data to be published by Tourism WA shows encouraging signs for the tourism sector, particularly in the domestic market.
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