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)