Friday, 30 January 2015
Perth Commercial Property Market to Benefit from Chinese Investment
Perth isn't a stranger to commercial property developments involving mining. Back in the days of the mining boom, the city could only provide so much office space, resulting in record-high rental rates. Today, the high vacancy rate can be offset by investments in the region, with plenty of Perth commercial property units up for grabs. To obtain commercial property Down Under, investors must undergo careful scrutiny by the government. They must secure a permit from the Foreign Investment Review Board for commercial real estate exceeding $5 million. Although permits are not hard to come by provided all requirements are fulfilled, it's not unusual to encounter snags along the way.