The City of Perth is recognised nationally and internationally as development friendly and remains attractive to investment through retaining no developer contributions, no per cent for art schemes, an affordable rates system and maintaining its number 1 status nationally in development approval timeframes.
The City also actively encourages strategic development through plot ratio bonuses in areas such as residential, special residential (hotel and purpose built student accommodation), heritage and public facilities.
The property portfolio supports the development of Perth as a premier business destination, with a focus on growing opportunities within the office, retail and residential property markets. The City can provide knowledge on key market trends, redevelopment proposals and City led investment to assist property owners and developers make sound investment decisions. This ongoing liaison with industry also provides feedback to the City, and assists in identifying key market issues and potential policy, strategy and study responses.
- Perth has been rated in the Top 10 most liveable cities in the world for the past 12 years (EIU, 2016) and is now Australia’s most affordable Australian Capital City (EIU, 2017). With a 5 hour flight time to Singapore and a shared timezone with 60% of the World’s population, Perth is set to become Australia’s Asian Pacific Capital.
- The City’s commercial office vacancy rate is currently 22%, with average net face rents between $528 - $629 and average yields of 6.5% - 7.5% (Prime Grade Office). This represents favourable leasing conditions for new businesses in the central city and a counter-cyclical investment opportunity;
- Central Perth is transforming through over $11.9 billion in government led investment in city shaping projects including Elizabeth Quay, Perth City Link, WA Museum, Riverside and Perth Stadium. These projects have connected the City to the Swan River, will embed the cultural and entertainment precinct of Northbridge with the central area and continue to add life and vitality to Perth;
- Finding a Business Location Guide
- Commerical Real Estate
- Urban Development Institute
- Development Trends: City’s 3D model
- C-Grade Office Case Study