2025-02-10-莱坊-Perth_Industrial_State_of_the_Market_Report_Q4_2024_2页_492kb

Perth Real Estate Market: Key Data Points

• Prime net face rents averaged $147.3, representing a 0.7% quarter-on-quarter increase and a 6.1% year-on-year rise, indicating stable rental market growth.
• Rental growth in Perth has been exceptionally strong, with a 56.0% increase over the last three years and a 71.4% surge over the past five years, reflecting sustained demand.
• Land values for small lots (under 5,000 sqm) increased by 15.0% year-on-year, averaging $559 per square meter.
• The Inner South region showed the highest land value growth for small lots, rising 19.3% year-on-year to an average of $619 per square meter.
• Prime yields remained stable at 6.5% for the fifth consecutive quarter, while secondary yields increased by 3 basis points to 7.1%, influenced by high interest rates and liquidity concerns.
• Investment volumes in 2024 were low, totaling $342 million, likely due to elevated interest rates and reduced market liquidity.