28 We expect yields for Perth industrial properties will start to soften from around the end of 2022, and the rising cost of debt via higher bond rates flows through. However, much of this impact should be offset by the strength of rental growth over the near term. Investment outlook The higher yields in Perth relative to those in the eastern seaboard will continue to provide an incentive for purchasers to invest in the region. The combination of softening yields countered by rising rents points to some positive capital value growth prospects over the medium term. 1 Railway Parade, Bibra Lake WA 6163 Industrial Market Monitor | 2nd Half 2022
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