Spotlight on Belmont

Commercial,IndustrialFriday 15 May 2015
Property-Blog

General Synopsis
Since March 2014 Belmont has continued to evolve and transform as a reaction to the Great Eastern Highway upgrade and the markets recognition of the suburbs excellent location which is also being further enhanced by the Gateway WA project currently under way.

Demand – Sales & Leasing

  • – Total listings have increased from 12 months ago
  • – Standalone office or showrooms continue to have soft response
  • – Increase in supply of Vacant Land listed on the market – mainly in mid/smaller end of the market
  • – Generally not a great deal of property on the market for sale (more is for lease)
  • – Good quality development sites are in demand

Sales with vacant possession

  • – Investment property yields compacting
  • – Low interest rates directly affecting supply and demand for investment property
  • – Investment stock still low
  • Leasing

    • – Consistent supply of listings
    • – Rental levels relatively consistant
    • – Some lessees now becoming buyers to take advantage of the low interest rates

    Investment Sales

  • – Increased opportunity for tenants to secure more desirable buildings for long term planning
  • – Opportune time for landlords to upgrade and modernise older style buildings to attract tenants
  • Click for the: Land Values Graph

    Click for the: Rental Levels Graph

    For further information on the current market activity, contact:

    Andrew McKerracher
    Managing Director
    0411 611 919
    amckerracher@burgessrawson.com.au

    Michael Stevens
    Sales & Leasing Consultant
    0430 745 641
    mstevens@burgessrawson.com.au

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