Perth a strong prospect following pandemic
June 24, 2020
Perth is in a strong position to rebound from the economic upheaval induced by the global pandemic, with enormous opportunities emerging for Western Australia more broadly.
Hesperia founding director Ben Lisle said market activity in recent years had positioned Perth to benefit from government stimulus aimed at reviving the national economy in the wake of COVID-19.
“We are very confident about the local market and believe that long-term growth in the WA economy means there are enormous opportunities ahead, particularly in industrial and transport sectors, commercial and medical uses, build-to-rent, and the planning and regeneration of key urban infill sites,” Mr Lisle said.
“Post the end of the mining boom we did a fair bit of asset price adjustment and the supply demand adjustment, so it puts us in a relatively better position to move forward again once you deal with some of the issues that are there now.
“This is a period that will reward more innovative and adaptive thinking and we tend to find that suits us.”
Hesperia has $1 billion in projects currently under development, including Roe Highway Logistics Park and Murdoch Health and Knowledge Precinct.