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Commercial Lease Property in Perth

A high quality office and warehouse industrial site at Canning Vale is being offered for lease through Ray White Commercial Perth. The 2.82 ha site at 210 Bannister Road, Canning Vale, is located in one of Perth’s most sought after commercial precincts and features a 583 sqm office and a 9,372 sqm warehouse facility. Martin Vogt of Ray White Commercial Perth said the site had a total building area of 10,521 sqm and exceptional convenience and functionality. “The property would be suitable for a long term tenant from a local or national company,” he said. “The site is only a 20 minute drive from ... read more...

House Prices Reach a Ceiling Australia

Australia’s house price boom came to a halt in June, weighed down by rising interest rates, deteriorating affordability and global financial turmoil. National houses prices dropped 0.7 per cent in the month, the first decline in almost 11/2 years, according to the RP Data –Rismark Hedonic Home Value Index released on Friday. Luxury housing was worst affected. The top 20 percent of house prices fell 1.9 per cent from March. The managing director of Rismark International, Chris Joye, said buyers and sellers had lowered their price expectations as interest rates crept up. “We do not expect to see the market rise much further over ... read more...

Ray White $2.4 billion Real Estate Sales

Ray White has achieved a 10 percent rise in sales for the month of May, thanks to a surge in top-end residential activity. The real estate leader hit $2.4 billion in sales last month, continuing a similarly positive result in March this year. Chairman Brian White says this marks the best result for the group since the beginning of the economic downturn in early 2008. “To achieve this result in May is outstanding as traditionally the best months for sales are in March and November,” he says. “It’s a positive sign of an improvement in the market, which up until now, has been ... read more...