Realty Biz News Perth

Rising interest rates have a significant impact on the commercial property market, as they can increase borrowing costs for investors and businesses. With higher rates, financing becomes more expensive, leading to higher monthly mortgage payments, which may reduce the profitability of real estate investments. This can cause a slowdown in demand for commercial properties, as potential buyers and tenants may hesitate to commit to long-term contracts. Additionally, businesses facing higher borrowing costs might scale back their operations, reducing the demand for office, retail, and industrial spaces. On the flip side, higher interest rates can lead to lower property prices, creating opportunities for investors with access to capital. However, it’s important to carefully evaluate market trends and assess the overall economic environment to make informed decisions in a rising interest rate scenario. To know more about:  https://www.commercialproperty2sell.com.au/blog/2025/02/the-impact...

A small parcel of land on track to become a bustling commercial hub has caused major upset over claims it will “devastate” locals, cripple nearby businesses, and destroy “A class reserve” land. Hall Park, located in Mandurah, about an hour south of Perth, has for the past 75 years been home to funfair, King Carnival, which recently closed permanently as its decades-long lease expired. To read more:  https://www.news.com.au/finance/business/other-industries/one-patch-of-grass-is-causing-absolute-chaos-in-wa-town/news-story/ea6c2bd684a6e5ea3de4a1e6717a722d 

Supermarkets and schools have been closed and residents warned to prepare for the worst as severe Tropical Cyclone Zelia barrels towards the Western Australia coast. The cyclone has developed into an intense category five system and is expected to make landfall on the Pilbara coast tomorrow, the Bureau of Meteorology said today. Zelia is forecast to bring extremely destructive winds and intense rainfall which will likely lead to flash flooding. Read More:  https://www.9news.com.au/national/tropical-cyclone-zelia-to-become-category-five-strength-near-western-australia-pilbara-coast/9ed155e2-19cc-4626-8683-11ae85d0f957