2014-10-14-莱坊-Perth_Residential_Apartments_Brief_Q3_2014_4页_680kb

报告摘要

Perth Apartments Market Brief Q3 2014

Market Overview

Perth has experienced strongest population growth among Australian capital cities (4.0% annual capital growth), driven by a resilient economy post-resources boom, low interest rates, and political stability.
ABS projects population increase annually at 3.5% to reach 4.2 million, significantly higher than national average.
Demand requires higher density living, with developers (local & foreign) actively investing. Foreign developers accounted for 25% of major sales ($177m total).
Per capita apartment investment reached an all-time high due to high demand and limited stock.

Key Facts & Indicators

Median apartment value: $462,000, recording an upward trend (+4% y/y, but slightly slower than previous year).
Construction Costs: Average $2,240-3,380/sqm; projected increase at 0.3% per quarter until March 2015.
Building Permits: Approved 7,036 apartment permits (up 24.2% y/y), predominantly new multi-storey developments.
Completions: WA apartment completion value reached $1.57 billion, above 10-year average.
Population: Primarily concentrated in Perth CBD; expected continued growth and urbanization trends towards inner-city living.

Infrastructure Projects

10-Year Pipeline: Includes major transport projects like Kwinana Freeway widening, Gateway WA, Perth City Link, Forrestfield-Airport Link, and MAX Light Rail, aimed at easing congestion and supporting commuters.

Rental Market

Rental Growth: Stabilized at $440/week, supported by growing population and marginally tight supply relative to demand. Quarterly volumes up.
Gross Rental Yield: Reached a 7.4% peak by mid-2014 (up 138 bps +2006), above Sydney (4.81%) and Melbourne (4.47%).
Prime/Luxury Market: High yields, with East Perth commanding higher rents ($585/wk).

Outlook & Key Drivers

Strong & Sustained Population Growth: Projected 3.5% annual increase by 2043.
Continued Surplus Demand: Expected to support further investment and development.
Infrastructure: Ongoing support needed for population growth and accompanying services/transit.
Funding: Low interest rates persisting until mid 2015.


**Disclaimer:** *This report is for general information only. Knight Frank assumes no legal responsibility for any loss or damage. Reproduction is not permitted without consent.*

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