NEWS AND RESEARCH
Market Overview – Perth CBD Office Market – February 2019
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. READ MORE
Market Overview – Perth Office Market – July 2018
Perth’s CBD office market is showing signs of recovery after more than five years of economic downturn and large increases in supply resulting in high office vacancy rates, high incentives and a drop of more than 50% in effective rents. READ MORE
Sales Analysis – 45 St Georges Terrace, Perth, WA
The property comprises a ten-storey office building with two basement levels, constructed in 1972 as the headquarters of the Reserve Bank of Australia. It was extensively refurbished in 1995, and has had subsequent upgrades to lobbies and infrastructure. READ MORE
Market Overview – Perth Residential Market
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. READ MORE
Sales Analysis -7 Ashby Close, Forrestfield, WA
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. READ MORE
Sales Analysis -13 Modal Crescent, Canning Vale, WA
13 Modal Crescent is located within the core industrial estate of Canning Vale, approximately 16 kilometres south east of the Perth CBD. The estate was originally underpinned by the development of the Swan Brewery, but has since attracted significant development by local, national and international companies. The estate has become a destination for distribution centres. READ MORE
Sales Analysis -92 Robinson Avenue, Belmont, WA
The site of 1.5215 hectares is improved with an office and warehouse building, constructed in 1990 and refurbished in 2013. The property has a total GLA of 8,595 square metres; office and amenities of 829 square metres, a warehouse of 5,651 square metres, a production area of 644 square metres and canopies of 1,471 square metres. It is of modern and market relevant presentation. READ MORE
Valuer & Director of PVAWA Gordon Jeanes Has Retired
Gordon Jeanes, a valuer and director with Property Valuation & Advisory (WA), has retired, effective 31 December 2017. Gordon has worked in the property industry for more than 30 years as a valuer and a property consultant. During that time he gained experience across a variety of market sectors, specialising in many markets. READ MORE
Sales Analysis -5 Clayton Street, Midland, WA
The property is situated near the corner of Clayton and Lloyd Streets in Midland, approximately 16 kilometres east of Perth with exposure to around 23,000 vehicles per day. The surrounding area is undergoing significant infrastructure development including the St John of God hospital and Curtin University campus plus numerous housing projects. READ MORE
Sales Analysis – 15 Sundew Rise, Joondalup, WA
The subject property is located in an established large format retail precinct known as “The Quadrangle” in the Edgewater/Joondalup area some 25 kilometres north of Perth and approximately 500 metres south of Hodges Drive. This area is the 4th largest large format retail precinct in Australia.
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Sales Analysis – 144 Stirling Street, Perth
The building is a 4 storey modern A-grade office building which was extensively refurbished in 2001, with further refurbishments in 2011. The ground floor consists of a foyer, cafe, gym and end-of-trip facilities as well as office accommodation. The three upper floors consist of office accommodation. There is also an adjoining two level warehouse of approximately 1,563 square metres.
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New Superannuation Laws July 2017 Valuation of your property assets
As you know, new superannuation law changes came into effect in July 2017. If you or your clients elected to apply for Capital Gains Tax relief to reset the cost base on assets, now is the time to have those land and building assets valued. Please read our article on how Property Valuation & Advisory can assist you. READ MORE
