Inbound migration and labour market growth fuel demand in the Western Australian capital
Guide
14 August 2024
What’s driving the Perth market?
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With the size of the Perth’s workforce set to expand by 29.4% in the next 10 years, the Western Australian capital should be on any savvy investor's radar as a potential investment destination. But before you invest, you need to truly understand what’s driving Perth to inform your decisions.
Our experts have collaborated on providing the latest insights and statistics across office, industrial and retail in Perth.
Here are some highlights:
- Record population growth and ongoing strength within the resources sector continue to bolster the attractiveness of Perth’s CBD market.
- The state has continued to outperform the rest of Australia for retail turnover growth, nearly doubling the YoY growth of 1.6%, finishing at 3.1%.
- Rents across the industrial space has grown exponentially, and we expect the mining and manufacturing sectors to continue occupier activity.