This article is from the Australian Property Journal archive
AN improvement in Perth’s rental and capital markets along with upgrades has increased the value of Westralia Square to $285.0 million as at 30 June 2019, up from $255.0 million at 30 June 2018.
GDI Property Group said the significant increase in the 141 St Georges Terrace, Perth property has also seen a 25 basis point tightening in the capitalisation rate from 7.00% to 6.75%.
GDI also valued 235 Stanley St Townsville, but there was no change from the previous independent valuation of $53.5 million. Mill Green, Perth ($330.0 million) and 50 Cavill Avenue, Surfers Paradise ($100.0 million) were independently valued at 31 December 2018.
