Perth CBD office returns spike; industrial flat
Source: Property Council of Australia
Author: William de Haer
Perth CBD office returns have improved two percent in the latest quarterly data from IPD research and the Property Council of Australia. The rebound is the sharpest since CBD office returns came back into positive territory in the first half of financial year ’10-’11.
Despite moving back into positive territory with the CBD office and WA retail sectors, growth in WA industrial property returns has flattened out, declining point-one of a percent in the March quarter to 5.2 percent.
The retail property sector has also seen strong growth in total returns despite ongoing concern over consumer spending. The retail sector enjoyed a one percent improvement in total return to the March quarter.
To access the full report from the IPD / Property Council visit http://www.propertyoz.com.au/wa/Article/NewsDetail.aspx?p=16&id=4450