The commercial and industrial property markets in Geraldton have strengthened over the past 18 months and are attracting significant interest from Eastern States and overseas investors.
Prime Property director Oscar D’Souza said commercial sales activity was at its highest level in the past five years.
He said albeit that the Oakajee Port project had been shelved for the time being, long-term investors were still prepared to invest in the local market with a medium to long-term view that the port was a necessity for the local economy.
“It remains as a definite project for Geraldton — it is just a matter of when,” he said.
Pricing levels vary between the commercial retail strip in the CBD and the popular industrial areas.
Full story in today's print edition.