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people place way too much importance on coffee.

Ours was break lease too, we are now into week 9 without a tenant and we believe we have also 'met the market'. I think the fact that we are having this conversation on this thread speaks a lot to the stage of the market in Perth, pretty dire. We are going to use the vacancy as an opportunity...

In what areas?

Which area?

We have been without a tenant after they defaulted due to job loss for two months in Girrawheen and have dropped the rent by 15 percent. Things are sounding very sad over in Perth.

The whole "close to the cbd" thing is such a furphy. It's based on a theory when cities were mono centric, now we have suburbs that have all of the same facilities as are available in the cbd. I think you will also find a lot of companies have recognised the benefits of having hq in the cbd...

thats good for now, but Leighton are cutting staff massively - which means they arent counting on further growth.

It's fully funded and going to tender shortly. But sadly, the glory days of infrastructure investment in perth and private investment in the northwest are at an end. This job is a decent job, but it's a drop in the ocean compared to the past decade, and I'm not just talking about mining...