Strong investor activity and resilient fundamentals underpin growth across key precincts
Western Australia’s commercial property market recorded $4.2 billion in transactions in 2024/25 – a 5.0% increase in sales value despite a 22.4% drop in deal numbers. This reflects a national trend towards fewer but higher-value transactions, with quality suburban stock attracting the most competition.
Subiaco continues to set the pace, defying earlier predictions of a slowdown. Strata office rates now match the post-COVID resurgence period and have reached their highest levels in more than eight years. Scarcity of quality stock, combined with lifestyle amenity and transport connectivity, is driving strong competition from professional services and medical owner-occupiers, many securing properties before public campaigns launch.
Recent Activity at Sterling Property Reflects Market Momentum
- 1 sales and 4 leases completed across June and July throughout the Perth Metro Suburbs
- Averaging just over 1 deal every two days
- August and September looking strong with interest rate cut announced this week.
The wider western suburbs including Nedlands, Claremont and West Perth are showing similar patterns. Owner-occupiers remain the most active buyer profile, targeting modern, well-presented buildings with strong parking ratios and proximity to QEII Medical Centre, UWA and major arterial roads.
Brian Neo
Managing Director, Sterling Property
E: bneo@sterlingproperty.au
M: 0411 868 486
