NEWS AND RESEARCH

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 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

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 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

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