news

Resources still pushing market

By Staff Reporter

The resources industry is still pushing the PerthPerth, TAS Perth, WA CBD market forward, particularly in terms of employment, according to recent research.

More than half of office space currently used within Perth CBD is being occupied by resources companies, Y Research’s November Perth CBD Office Census has revealed.

For investors considering blue chip and executive property in Perth, this may mean that any downturn in mining is a significant concern.

This total figure includes companies serving the resources industry, including engineering, construction and transport. The four major companies (including BHP Billiton and Rio Tinto) account for 53 per cent of all leased ‘premium’ space.

Colliers second half of 2012 report into Perth’s office space noted that, “Investment-led economic activity in WA has persisted, despite a reported slowing of economic growth in China and a recession-hit European Union, where German economic activity seems to also be slowing.”

However, the report also predicts a dip to 2011 figures in mid-2013 in “Perth CBD & west Perth white collar employment growth” before a pickup in January 2014.

Resources still pushing market
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%