Norwest PRD Market Update 2nd Half of 2019

The median sale price for commercial property in Norwest was $7,122 per sqm as of Q2 2019. This represents a half-yearly (Q4 2018 – Q2 2019) price softening of -7.5%. The variations in median price per sqm are attributed to the various commercial offerings transacted in Norwest across the period, as well as limited transaction volumes (with a total of 18 commercial sales occurring in Q2 2019).

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