Western Australia

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.

Industrial and warehouse listings dominated interest in commercial property last week amid a flood of new listings after the festive holiday hiatus.

A medley of commercial property types attracted interest over the Christmas-New Year season from offices to shopfronts, medical facilities and warehouses.

The historic town in WA’s Pilbara region is likely to be turned into an eco-tourism enterprise that celebrates Aboriginal culture, following an expressions of interest campaign for the sale of the township.

A record number of industrial and warehouse listings, including a novel opportunity for people to create their own ‘city cave’, made last week’s most-viewed commercial properties.