Interesting facts about Perth and its commercial real estate market.
- Perth is the capital city of Western Australia and is virtually the west coast equivalent of Sydney on the east coast.
- In recent decades, Western Australia’s richness in natural resources and proximity to Asian markets has made the state a natural partner in supporting economic growth in the Asian region. This synergy underpins sound trade with China, Japan and South Korea and has attracted significant investment by global companies in iron ore and LNG production.
- Not only is the Western Australian Government planning to increase export infrastructure to meet these and future demands, but it’s also investing in urban and regional infrastructure to meet the demands of a growing population.
- Western Australia is a vast land mass, nearly ten times the size of New Zealand, and has a population of 2.5 million people. Western Australians enjoy a high quality of life supported by sound institutions and quality government services.
- Known as the engine room of Australia’s economy, Western Australia accounts for nearly 32% of the country’s total trade. The State’s exports alone account for 48% of Australia’s total exports.
- As a well-developed, business-friendly economy, Western Australia offers attractive opportunities for overseas companies across a broad range of industry sectors, including business and financial services, biotechnology, rail, ports and logistics, and food products and services.
- In addition to being one of Australia’s fastest-growing states, Western Australia shares a business time zone with 60% of the world’s population, making it an ideal location to serve overseas exporters eager to penetrate one of the developed world’s strongest economies.
