Full Doc Commercial Loans in Perth

Mining-services tailwind drives Perth industrial

Perth industrial — particularly the Kwinana/Henderson southern corridor and the Welshpool/Forrestfield eastern corridor — has been the standout performer in WA commercial through 2024–25. Strong demand from mining-services operators (fabrication, machinery, logistics, FIFO support services) has tightened vacancy and lifted net face rents 30–45% over three years. Banks are actively competing for tenanted and owner-occupied industrial in these precincts at policy-maximum LVRs (70%) and sharpest pricing.

Perth CBD office is a two-tier market

Premium-grade Perth CBD office occupied by the major resources companies, banks and government agencies remains tightly held with strong covenants — well-funded by banks. Secondary B and C-grade CBD stock has elevated vacancy and trades at material discounts. Bank appetite for the secondary segment is materially weaker than for prime; deals require careful narrative around tenant retention and any value-add strategy.

Suburban office and medical perform well

Joondalup, Cockburn, Booragoon and the established suburban office spines support consistent bank demand. Medical-fronted commercial in particular has strong lender appetite, with the WA Government's elevated healthcare spend providing a tailwind. Childcare across the metropolitan area is well-supported, with operator demand outstripping new supply in many catchments.

$5.4M industrial unit, Welshpool

Investor acquiring a 3,000sqm distribution facility tenanted to a mining-services operator on a 6-year lease with 3.5% annual reviews. Three-bank tender produced sharpest bid at 6.35% over 20 years, 5-year IO, 70% LVR ($3.78M). The mining-services tenant covenant and Welshpool's tight vacancy supported a clean valuation outcome and competitive pricing.

$3.9M medical centre, Joondalup

Multi-tenanted GP and allied health centre, 4 tenants on 5+5 leases, 6.5-year WALE. Acquired by a healthcare property investor at 65% LVR ($2.54M), 6.65%, 20-year P&I. Banks competed actively for the medical-fronted profile in the established northern corridor.

$8.2M Kwinana industrial portfolio refinance

Two industrial units in the Kwinana fabrication precinct held by a local family investor for 6 years. Revaluation lifted aggregate value from $6.3M to $8.2M. Refinanced from a single-bank facility to a competitive bank facility at 65% LVR ($5.3M) — releasing $1.4M of equity for an additional industrial acquisition and reducing rate from 7.15% to 6.45%.