Office Rents are forecast to increase in Perth CBD
Thursday, May 26th, 2011Recent reports on the Perth office leasing market are indicating the vacancy rate is falling and is forecast to drop below 5% by 2014 driven by the expansion of the Western Australian resource sector. The vacancy rate is expected to fall until the major building projects currently under construction are completed in mid 2012. The fringe CBD office leasing market is experiencing a greater take up of vacant space, however rental rates have yet to show significant growth. The licensed valuers at Garmony Property Consultants in Perth assist both landlords and tenants with market rent review valuations and determinations as well as providing independent rental advice ...
Read moreRBA rates on hold even with higher inflation figures.
Wednesday, May 4th, 2011Property owners were spared another interest rate rise yesterday when the Reserve Bank of Australia (RBA) decided to leave the cash rate at 4.75%, with the RBA governor Glenn Stevens stating the recent economic data showed reduce production due to the floods and cyclones. Mr Stevens further stated that longer term inflation can be expected. Many economists are still predicting further rate rises in the later part of the year. In relation to the residential and commercial property market, it is our opinion the current subdued market conditions should continue in the short to medium term, as small business and consumers economic uncertainty ...
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