WA Commercial Property News

For Perth developer Luke Saraceni, the past decade has partly been about putting the events of the last global financial crisis ­behind him.

Perth’s commercial property market is bouncing back from the coronavirus pandemic, with buyers vying for assets across the city.

Sasha Pol grew up swimming at the sheltered Gnarabup beach below a prime piece of clifftop real estate where a resort and houses are now planned.

A major Perth supermarket site has been snapped up for $15.5 million, flagging the local market is improving, agents say.

Western Australia’s premier wine region is set to get its first five-star resort in what’s being flagged as a major step forward for the emerging tourism hotspot.

Industrial property investors are cashing in on the pandemic e-commerce boom with Australia Post among the freight companies signing new leases to expand their operations.

https://www.realestate.com.au/news/wa-announces-rental-relief-for-residential-and-commercial-tenancies/

While CBD hotels in Sydney, Brisbane and Melbourne are shutting, Quest Apartment ­Hotels reports the franchisee-owned company is picking up lots of rural business during the coronavirus pandemic, particularly in Western Australia and the ­regional NSW towns of Goulburn, Orange and Tamworth.

Listed property investment and funds group GDI is stepping up its push into the Perth market and is in talks to buy the city’s Durack Centre that diversified major Stockland put on the block for about $110 million last year.