Given Perth’s location on the west coast of Australia, it tends to be a more accessible region for internationals. In addition, it is also an ideal location for many businesses serving countries in and around the Indian Ocean. Many industries operate out of Perth and the surrounding cities. The local government is investing heavily in new buildings and infrastructure, and population is growing at a relatively stable rate.
The commercial property market in Perth is developing. The local government has invested heavily in the city and surrounds, new residential developments and local infrastructure. This helps to encourage businesses to operate in Perth and create a demand for office and retail space. With plenty of seaside views, Perth offers an extraordinary environment for businesses operating in all industries. New commercial property developments are being created which is a positive sign for investors.
The economy of Perth dominates the Western Australian economy. Given its location on the west coast, international companies wanting to establish operations in Australia do consider Perth as opposed to Sydney for accessibility reasons. This demand for commercial property space is a good sign for investors in 2020.
We have a strong portfolio of properties in Perth with our commercial property syndicate option. We diversify our holdings to ensure that downturns in other States are softened by stable economic conditions in the West. On average, the yield of a typical commercial property syndicate is between 4-9% p.a. This rate is higher than residential property investment Australia.
September 19, 2019