Western Australia Commercial Investment Activity
Financial Year Review
The commercial property market has had an interesting ride since the onset of COVID-19. The immediate reluctance to transact followed by interest rate reductions and available finance which caused demand to soar across most asset classes across the country resulting in new highs in turnover. Supply chain issues causing construction costs to increase while demand for industrial stock has never been better showing quality rental growth during a time of high inflation. However, as we entered into 2022, caution had returned, the anticipated and subsequent interest rate rises resulted in many first-time buyers leaving the market, interstate speculators go home resulting in transaction levels to slow down to a more normalised level.
