9. August 2012 21:30
Last August 08, 2012, National Australia bank released the Property Survey for June 2012. According to the survey, Australian Commercial property dropped to -16 points in June quarter. Values weakened across all sectors these past months but Professionals expected to have good rental returns.
Retail Property values are expected to fall by 1.2% while Industrial sector are expected to drop by 0.9%. Office Properties also softened in June quarter but they are still expected to rise for the coming months. Despite the slump, WA Economy is still optimistic and things will pick up soon and recover.
Commercial Property Survey _June 2012_.pdf (188.68 kb)
17. February 2012 19:07
National Australian Bank (NAB), February 15, 2012 released its Quarterly Australian Property Survey and it showed WA remained the strongest state now and over the next 2 years. Commercial Property Index still negative territory with (-6 points), but it was a slight improvement from (-13 points). WA led the entire commercial property sector including office, retail and industry segments and it’s proven by the survey that Australia’s CBD hotels and office was currently strongest in today’s conditions. According to the survey, conditions were strongest in WA but a biggest turnaround is expected in Queensland. Victoria is the weakest state as identified the very weak retail property market. WA particularly Perth are home to major international companies in which one of the factors why the state is remained strong.
Commercial Property Survey Summary (Dec-2011) (2).pdf (200.94 kb)