Perth’s Market Update June 2019

June 27, 2019

The successful start to the 2018/19 Financial Year has continued on with a number of leasing and sales transactions taking place. Both buyers and tenants are sensing good value in the market and are taking the opportunity to secure properties with attractive terms. We are still seeing a ‘flight to quality’ by tenants and owner occupiers with primary industrial assets experiencing a shorter time on market. Secondary assets and strata units continue to be a difficult sub-market with extended periods on market and heavy incentives required to secure tenants. Business sentiment is improving amongst mining related companies and we expect this will continue over the coming year. We look forward to assisting our clients for the remainder of the financial year and beyond.

David Lamb & Rory Feely

MLV Real Estate