Experts discuss Western Australia’s industrial property market
Hundreds of people tuned in to listen to the 25th edition of RWC’s Between the Lines webinar today, where our panel of experts discussed Western Australia’s industrial market.
The Western Australian commercial property sector has experienced varied outcomes in the last year, with some asset classes performing well and others creating opportunistic buying opportunities.
However, persistent high inflation has dampened hopes for interest rate cuts, causing property owners to remain cautious in testing the market. This conservative approach led to reluctance in testing the market, resulting in tight supply and low transaction volumes.
The retail sector has been the primary beneficiary of these buyers, with increased market volumes this year. However, medical and other alternate assets have also performed strongly. Industrial supply continues to be tight, with owner occupier profile buyers creating demand and bolstering prices.
Private buyers and owner occupiers have featured heavily throughout the financial year.
Hundreds of people tuned in to listen to the 25th edition of RWC’s Between the Lines webinar today, where our panel of experts discussed Western Australia’s industrial market.
The Perth retail strip market has seen a notable uptick in occupancy across the eight surveyed areas.