NEWS AND RESEARCH
Perth CBD Office Snapshot – February 2021
Due to the effects of COVID-19, 2020 has brought about a reversal to the upward momentum in the Perth CBD office market. 20% of all office space is now currently vacant. Premium grade buildings continue to perform well at the expense of lower grade buildings. READ MORE
Annual Rating & Land Tax Assessment – October 2020
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.
For a nominal initial fee Property Valuation & Advisory (WA) can review your assessed value(s) and advise if an objection. READ MORE
For a nominal initial fee Property Valuation & Advisory (WA) can review your assessed value(s) and advise if an objection. READ MORE
Superannuation Audit Alert – August 2020
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. READ MORE
Perth CBD Office Market Snapshot – August 2020
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. READ MORE
Annual Rating & Land Tax Assessment – July 2020
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. READ MORE
Update on response to COVID-19 – 26 June 2020
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. READ MORE
We look forward to hearing from you should you wish to assess the value of your property. READ MORE
Market Overview – Perth CBD Office Snapshot – February 2020
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. READ MORE
Market Overview – Some Areas of Interest for the Property Market
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. READ MORE
Market Overview – West Perth Office Snapshot – August 2019
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. READ MORE
Market Overview – Perth CBD Office Snapshot – August 2019
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. READ MORE
Market Overview – Western Australia Tourism
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. READ MORE
Market Overview – Perth Residential Apartment
The Perth inner city and near city suburbs apartment markets have been transformed over the last decade with significant levels of new supply adding to dwelling stock. There is now a growing acceptance of apartment living in the community. READ MORE
