Change in property valuation work at real estate auctions

Development activity in the suburbs is limited. The most significant project is at Victoria Quay in Fremantle. A new 16,000sq.m office development is proposed in conjunction with 12,000sq.m of retail space. The first stage of the project (3,500sq.m) is due for completion in 2005. A small 2,500sq.m building is also proposed at Belmont on the corner of Cleaver Terrace & Belmont Avenue.

The reason for hiring a property valuer is to avoid any type of error in the process and because of that it has become a compulsory process to appoint a special person known as property valuer to deal with your full process. This will make you known with your price of your Property valuers and then you will be able to choose your decision of selling your property or making it more attractive for selling.

Not helping their cause is the rise in incentives, a fight back from landlords, and fewer large tenant requirements in the market. Many of the major lease expiries have now been placed, most in existing buildings. Given the less favorable outlook for development and the inability to secure a pre-commitment, a couple of schemes have been turned to residential or scaled back. The project with the most potential could be the AXA site on St Georges Terrace. The Pivot Group has recently secured an option to purchase the site and given their successful development in West Perth, this could be a sleeper. Around 25,000sq.m of office space is proposed. A small 7,200sq.m building is also proposed for the CTA site adjacent to Allendale Square.

Development sites are disappearing in West Perth, particularly along Kings Park Road. In West Perth, the new RACWA headquarters (10,000sq.m) has commenced at 840 Wellington Street. A small 2,000sq.m suite building at 38 Colin Street is nearing completion.

The majority of development in the fringe is occurring at Subic. This locale has been re-invigorated as a cosmopolitan commercial/retail centre following the success of the Subic Central project. A new 6,000sq.m development for CSC has just been completed on the corner of Hay & Roberts Street, and a new 6,000sq.m building for News Limited is proposed on the Futures site.