East coast commercial buyers look West

AUGUST 13, 2018

East coast buyers are snapping up Perth commercial property assets in a bid to find value they are struggling to find in Sydney and Melbourne, according to an article by Fairfax’s Commercial Real Estate.

A spokesperson from the Real Estate Institute of Western Australia told Fairfax that increased interest from buyers from the east coast “in all commercial sectors was due to the belief the Perth market was in the bottom of its economic cycle. At the same time, Shane Oliver, Chief Economist, AMP Capital added that unlisted commercial property and infrastructure are still likely to benefit from investors continuing “search for yield”.

Raine & Horne Commercial WA Director Anthony Vulinovich told Fairfax there had been broad investor interest, from small self-managed super funds looking at property worth less than $2 million, to larger trusts looking at significant large assets and portfolios. “Any property with a lease term of greater than four years is extremely attractive especially the more modern premises. Generally speaking the sub-$3 million market is the most active given the greater amount of potential buyers,” he said.

Why Raine & Horne Commercial?

Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.

The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.

Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.