Western Australia

If you’re looking for an opportunity to spread your wings and literally have your head in the clouds, Merredin Aerodrome in the West Australian wheatbelt has been listed for sale. The regional airport, 260km east of Perth, has hit the market as part of a widespread sell-off of assets owned by the China Southern West Australian Flying College, which went into voluntary liquidation in December leaving 62 staff unemployed.

Once the nerve centre of Fremantle’s wool industry, this landmark heritage warehouse provides a blank commercial canvas and opportunity to create the next chapter of history. Redeveloped by M/Group as Heirloom by Match in 2016, the former Dalgety Wool Store has been transformed into a New York-style industrial warehouse with 183 completed residential apartments and a dual-use commercial space, which has been listed for sale at $1.6 million.

Sellers of Perth CBD’s London Court have been swamped by enquiries after the precinct was listed for sale for the first time in 70 years.

One of Fremantle’s most iconic buildings, Metropolis Fremantle, has been listed for sale for the first time in 75 years. Formerly known as the King’s Theatre, the South Terrace property opened as a stage venue in 1904 before it was purchased in 1945 by businessman Victor Gubgub, who used the building as a Ford motor vehicle display centre.

Perth’s CBD office market has remained one of the most robust in Australia, despite COVID-19 transitioning businesses from traditional workplaces to work-from-home set-ups. Industry analysts say it is largely due to the booming resources sector.

The nation’s richest woman is looking to part ways from most of her West Australian cattle portfolio, putting a combined almost two million hectares up for grabs from early March.

Singapore’s sovereign wealth fund GIC has swooped on a quarter stake on the under-construction Chevron headquarters in Perth, with the deal valuing the building at close to $900m.

An eclectic mix of commercial properties drew interest last week, from a warehouse conversion in Melbourne’s inner-west to a billionaire’s refined estate and mansion in the Gold Coast hinterland with a $50 million price tag and a beautiful church in downtown Hobart.

The impacts of the coronavirus pandemic were not uniformly felt across the commercial property market in 2020, with some sectors emerging more resilient than others.