Western Australia has a population of over 1.8 million people. The economy of Western Australia is dominated by mineral exploitation particularly iron ore and by wheat farming and cattle. Tourism is experiencing growth notably in the north-west around Broome and the Kimberleys.

Perth and West Perth are the two main commercial districts of Western Australia with over 2 million square metres of office space.

Central Perth office space can be leased for around $200/sqm and is achieving yields of around 9% on sale prices under A$2000 per square metre building area.

The main industrial suburbs of Perth are Canning Vale, Kewdale, Osborne Park and Welshpool. Industrial investment yields in Perth achieve around 10% on values of around $600 per square metre of building area while rentals are $70 per square metre.

The retail property activity in Western Australia is dominated largely by over 180 neighbourhood shopping centres, which total to more than 600,000 square metres of retail area and accounts for 40% of retail floor area.

The hotel & leisure property market has an occupancy rate of  73.2%.  On average this occupancy rate is similar to other major destinations in Australia.

The median residential house price in Perth is around A$150,000.

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