Perth Commercial Property Loans
Perth commercial property loans from $500K-$100M+.
Specialist finance brokers, 60+ lenders. LVR’s from 60% – 80%. All Perth metro and regional areas – CBD, Nedlands, Claremont, Belmont, Cockburn, Hope Valley, Henderson, Bibra Lake, Balcatta, Landsdale and more.
Perth Commercial Property Loans — Overview
(Last reviewed 1 April 2026)
Current Rates
- Rates From: 6.35%
- Rate Range: 6.35% - 9.95%
- Market: Growing WA Metro
LVR & Lending
- LVR Range: 60% - 80%
- Max LVR: 80% (select lenders)
- Min Loan: $500,000
Our Service
- Lender Panel: 60
- Approval Time: 7-28 days
- Loan Terms: 1 - 30 years
Why Perth’s fast-moving market punishes a slow application
Perth could be considered Australia’s most dynamic commercial property market right now. This is in part because industrial vacancy across the Kewdale and Forrestfield logistics corridors sits at historic lows, driven by surging demand from resources, logistics and e-commerce operators. While at the same time the Perth CBD office market is recording its strongest net absorption in over a decade. Furthermore, West Perth’s professional precinct and Osborne Park’s trade and service corridor are attracting owner-occupier demand that is outpacing available stock.
The catch is that Perth’s rapid repricing has created a lender confidence gap. As a result, some lenders are still applying conservative valuations that lag the market, meaning LVR calculations can fall short of purchase price — particularly on industrial assets and mixed-use properties in tightly held suburbs. That is why getting the right lender behind the right asset from the start is what separates a clean approval from a deal that stalls for months.
I have been helping my clients arrange commercial property finance in Perth since 2009. Consequently, as a specialist Perth commercial property broker, I know which lenders are genuinely active in this market right now, which ones are pricing WA assets correctly, and which ones will slow your deal down.
Book a free 30-minute consultation, or call 1300 262 098.
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Perth Commercial Property Lending Precincts
Perth is not a single commercial market — it is six distinct precincts, each with its own supply dynamics, lender appetite and finance structure. After 15 years arranging commercial property loans across Perth, the precinct you are buying in is one of the first things I look at. Consequently, lender selection and application strategy differ significantly from one Perth suburb to the next. Select your precinct below.
Perth CBD & City Fringe
The Perth CBD office market is recording its strongest price growth in years — and the buyers driving it are not all local. REIWA's December 2025 data confirmed a 9.8% increase in the median office sale price per sqm, reaching $4,844. Eastern states investors are increasingly active in this market, comparing Perth's yields and pricing to Sydney and Melbourne and finding genuine value. For owner-occupying professional firms — legal, financial services, consulting and technology businesses — the CBD and its fringes offer quality premises at price points that remain materially below equivalent eastern states assets.
The challenge specific to this precinct is that not all lenders have updated their Perth CBD credit models to reflect the current market. Some eastern-states lenders still apply a WA general commercial discount that made sense in 2015 and does not make sense in 2025. A CBD strata office or city fringe mixed-use asset above $2 million will be assessed very differently depending on whether the lender has an active Perth commercial team or is processing it through a national template. I have seen quality CBD assets receive conservative LVR assessments simply because the lender's credit team had not refreshed their Perth office view — and the difference in outcome between the right lender and the wrong lender here can be 10 percentage points of LVR.
City fringe — Northbridge, East Perth, the FORM Cultural Precinct and Claisebrook — presents a mixed-use opportunity that is gaining genuine momentum. Freehold assets with ground-floor retail and upper-level office or residential are increasingly active in these precincts, and their classification in the loan application determines the entire finance structure. If you are buying in the Perth CBD or city fringe, the finance position needs to be assessed before you make an offer — not after the valuation comes back short.
West Perth & Subiaco
West Perth and Subiaco are Perth's most active suburban office markets for owner-occupiers right now. REIWA members consistently report that smaller strata suites in the 150–250sqm range are attracting the strongest enquiry from SMEs, professional services firms and allied health operators looking to own rather than lease. That ownership decision — stopping the rent expense and building equity in business premises — is one I have helped clients navigate since 2009, and the current environment in West Perth and Subiaco is as compelling as it has been in that time.
The specific finance opportunity in this precinct centres on the owner-occupier classification. If your business will occupy the suite, you qualify for owner-occupier lending — which consistently achieves better rates and higher LVRs than standard investment office lending on the same property. For a $750,000–$1.5 million strata office purchase in West Perth or Subiaco, that classification can reduce your required deposit by $75,000–$150,000 compared to what a bank's standard commercial product would require. Many business owners buying in this precinct do not realise how significantly the numbers change until they see both scenarios side by side.
Subiaco has the additional benefit of strong retail and lifestyle amenity that supports well-presented office stock. Private investors seeking well-tenanted suites are also active here alongside owner-occupiers, which creates a dual-demand dynamic that gives lenders confidence in the income case. For allied health practitioners and medical specialists in the Subiaco corridor, dedicated healthcare finance programmes are available — LVRs up to 95% for AHPRA-registered practitioners — and this is always the lender category I assess first before going to standard commercial lending.
Osborne Park & Northern Trade Corridor
Osborne Park is Perth's primary trade and service commercial corridor, and it has been one of the most consistent performer markets I work in across the past five years. The businesses here — automotive trades, building supplies, equipment dealers, specialty retail and professional services — share a common position: they need prominent road exposure, practical premises, and certainty of tenure that leasing increasingly cannot provide. Owner-occupying in this corridor is a recurring theme in my client conversations, and for good reason: rental growth for quality Osborne Park trade premises has consistently outpaced the availability of stock at reasonable terms.
Finance for trade and showroom premises in this corridor is a category I handle regularly, and the owner-occupier distinction applies here with the same force it does in industrial. Where your business operates from the premises, lenders assess the deal on business serviceability rather than rental yield — which opens a materially better rate and LVR position. The typical Osborne Park strata commercial or freehold trade premises falls between $800,000 and $2.5 million, a price range where the owner-occupier vs investment distinction has a very direct dollar impact on your required deposit and ongoing repayments.
Further north — Stirling, Malaga, Wangara — the corridor transitions toward light industrial and logistics, where the supply-demand dynamics align with Perth's broader industrial market story. If you are a trade or service business anywhere in this northern corridor who has been leasing for three or more years, the ownership conversation is worth having now. The businesses that locked in their premises at 2022 values are in a materially better financial position today than those still leasing into a market with rising rents and falling vacancy. I can model both scenarios for you before you commit to anything.
Kewdale, Welshpool & Forrestfield
Perth's central industrial precinct — Kewdale, Welshpool, Forrestfield and the Roe Highway logistics corridor — is the strongest commercial property lending market in Western Australia right now, and the data is unambiguous about why. REIWA's December 2025 Commercial Property Update confirmed industrial median sale price per sqm rose 15.5% over the year to $2,935. JLL's July 2025 report placed metropolitan industrial vacancy at 2.65%, with some northern precincts below 1%. Planning delays, infrastructure bottlenecks and competition from mining and major government projects are constraining new supply in ways that are not going to resolve quickly.
For owner-occupiers — logistics operators, 3PL businesses, e-commerce distributors, food and beverage manufacturers, resources services companies — this precinct offers the best combination of infrastructure access, established tenant demand and long-term scarcity value of any industrial market in WA. Industrial property finance for owner-occupiers here is assessed on business serviceability, not rental yield — and the difference between owner-occupier and investment lending terms at current Kewdale and Welshpool price points can be meaningful. If you are an owner-occupier who has been quoted standard commercial investment terms by your bank, you are almost certainly not seeing the best available financing position for your situation.
Forrestfield represents a different opportunity — newer industrial development at somewhat lower entry prices than the established Kewdale and Welshpool precincts, with access to the Airport Central Station and emerging logistics infrastructure. Lender appetite here is strong for quality assets, but the valuations and LVR assessments for new Forrestfield stock versus established Welshpool infill are genuinely different. Understanding that distinction — and routing your application to the lender whose credit team assesses it correctly — is exactly the kind of market knowledge that changes outcomes. Before you make an offer anywhere in this corridor, the finance position needs to be assessed against the specific address, not the precinct as a whole.
South West Industrial Corridor & Fremantle
The South West industrial sub-region recorded the most industrial sales of any Perth sub-region in the year to December 2025 — 252 transactions — and the reason is not hard to identify. AUKUS has transformed the demand profile of this corridor in ways that are already being felt in vacancy rates, buyer competition and pricing. REIWA President Suzanne Brown specifically called out AUKUS activity as a driver of interest in this sub-region, and that is consistent with what I am hearing from clients buying industrial here. Defence, marine services, logistics, manufacturing and engineering businesses with contracts tied to Henderson Naval Base and the broader AUKUS programme are actively competing for available properties in this corridor.
The finance implication is important and not always well understood. AUKUS-related businesses tend to have strong contracted revenue, long-term government-backed income, and a compelling serviceability case — but some lenders without WA experience or defence sector knowledge will apply a standard risk assessment that underweights those strengths. Getting the lender selection right in this corridor is not just about rate and LVR. It is about finding a credit team that understands the demand drivers and can assess the business case on its merits. I have helped several south-west corridor clients achieve approvals that were declined or underpriced by their initial bank — in every case because the application had not been structured to reflect the defence and resources context correctly.
Fremantle operates differently from the industrial corridor but is part of the same broader story. Mixed-use freehold in Fremantle's high street and inner precincts is attracting strong interest from both local investors and eastern states buyers comparing Perth retail yields to Sydney and Melbourne. The Inner sub-region recorded the highest retail median price per sqm in Perth at $5,248 in December 2025. For mixed-use freehold buyers, the asset classification and the specific mix of commercial uses determines the entire finance structure — and getting that right at the application stage is critical to a smooth Fremantle transaction.
Murdoch & Southern Health Precinct
The Murdoch health and education precinct is Perth's strongest medical commercial property corridor and one I approach with a specific lender category that most practitioners do not know exists. Dedicated healthcare property finance programmes carry LVRs up to 95% for AHPRA-registered practitioners buying consulting suites, specialist rooms and day procedure facilities — with no standard commercial risk loading, no WA regional discount, and assessment terms that reflect the unique income security of healthcare occupiers rather than the general commercial credit framework. For a specialist buying near Fiona Stanley or St John of God Murdoch, this distinction is the difference between a standard bank outcome and the best available finance in the market.
The Murdoch corridor — anchored by Fiona Stanley Hospital, St John of God Murdoch Hospital and Murdoch University, with the new Murdoch Activity Centre development adding further demand — generates sustained occupier demand from specialists, GPs, allied health operators and diagnostic services providers. This is not a speculative demand driver. It is structural population-anchored healthcare demand in one of Perth's fastest-growing southern corridors. Lenders who understand healthcare property finance see that context clearly. Standard commercial credit teams often do not, and the gap in outcomes is measurable.
Beyond Murdoch, Perth's other major health precincts generate the same specialist finance opportunity. The Joondalup Health Campus and surrounding medical precinct in the north, the Nedlands and Sir Charles Gairdner Hospital corridor in the inner west, and the Rockingham General Hospital precinct in the south all carry healthcare-specific lending programmes. If you are a practitioner anywhere in Perth who has been leasing consulting space for several years, the case for ownership through a dedicated healthcare finance programme is worth a specific conversation — because the terms available to you are not the same as the terms available to a general commercial buyer on the same asset.
Nadine Connell
Commercial Finance Broker
Commercial Property Loan Rates in Perth
Perth commercial property loan rates start from 6.35% p.a. — and Perth offers a genuine yield advantage over Sydney and Melbourne for equivalent asset quality, which is why eastern states investors are increasingly active here. However, rate alone does not determine your outcome. The more important question is whether your application is structured for the Perth market specifically — and whether it is being assessed by a lender who actually understands WA commercial property right now. Those two things together are what separate a strong approval from a frustrating one.
Why Perth-Focused Lenders Get You Better Terms
Most major banks and many non-bank lenders calibrate their commercial credit models primarily on Sydney and Melbourne data. Perth has its own supply dynamics — a 15.5% annual rise in industrial median prices, a vacancy rate below 3% in key precincts, and AUKUS-driven demand reshaping the south-west corridor — that a national template credit assessment will routinely underweight. A warehouse in Kewdale assessed by a lender whose Perth experience is limited is very likely to receive a more conservative outcome than the same asset assessed by a lender with a dedicated WA commercial team who has watched this market move over the past three years.
Because I work across a panel of 60+ specialist lenders, I can identify which ones are genuinely active and competitive in WA right now — and which ones will apply a blanket Perth discount that made sense in 2016 and does not make sense in 2026. In Perth's current market, that distinction in lender selection routinely produces better rates, higher LVRs and faster approvals than a direct bank application or a generalist broker operating from the east coast.
The Four Factors That Move Your Perth Commercial Rate
Perth's commercial property market has three sectors performing at markedly different rates simultaneously — industrial at record highs, retail repricing strongly, and office recovering unevenly. Two buyers transacting at similar price points on the same day can receive materially different lending terms based on how their deal is structured and presented. These are the four factors I assess first.
Asset type and sub-market — Perth's three sectors perform very differently
A Welshpool owner-occupied warehouse in a supply-constrained industrial precinct is assessed entirely differently from a West Perth strata office suite, a Fremantle mixed-use freehold or a suburban retail strip investment. Lender appetite varies sharply by both asset class and sub-market in Perth — and most lenders have internal exposure limits and cap rate assumptions that are never published. I know which lenders are genuinely active and competitively priced across each Perth precinct right now, including which ones have updated their industrial credit models to reflect the current market and which ones are still running 2022 valuations on a market that has moved 15% since.
Owner-occupier vs investment — the distinction that changes the numbers most
If your business will operate from the premises, you qualify for owner-occupier lending — which consistently achieves better rates and higher LVRs than investment lending on the same property. In Perth's industrial market, where median prices have risen 15.5% in the past year, this classification can reduce your required deposit by $150,000 or more on a typical mid-range warehouse purchase. Many buyers arrive having been quoted standard commercial investment terms by their bank, without realising that the owner-occupier category opens a different lender set entirely. The first question I ask is always whether your business will occupy the premises — because the answer reshapes everything that follows.
Eastern-states lender familiarity with WA — not all 60+ lenders are equal here
Perth is the only Australian capital where lender familiarity with the local market is itself a meaningful variable in your credit outcome. Some lenders in our panel have dedicated Perth commercial assessors who have watched this market move through the full cycle. Others apply a national credit template that imposes a WA loading — essentially a discount for being in Western Australia — that is not justified by current market data. Routing a Perth application to the wrong lender is one of the most common and most avoidable causes of poor commercial finance outcomes in WA. I know which lenders have updated their Perth view and which ones have not, and that knowledge shapes the first decision I make on every Western Australian deal.
Resources, defence and AUKUS exposure — a credit positive when presented correctly
Perth lenders who have been through the resources cycle apply a nuanced view of business income in WA. If your business serves the mining, defence, marine or logistics sectors — all of which are performing strongly right now — that context is worth presenting explicitly in your application, not left for the credit team to assess without it. AUKUS-driven demand in the south-west industrial corridor, resources sector services income, and government-contracted business revenue are all genuine credit positives in the hands of the right lender — and genuine risks of misclassification in the hands of a credit team that defaults to treating WA industrial as cyclically exposed without reading the current demand picture. Framing your application correctly for the WA context is a core part of what I do for every Perth client.
The Bank's Credit Model Was Still Calibrated on the Mining Downturn. The Right Lender Understood What Perth Industrial Had Become.
David had operated a freight logistics business out of leased warehouse space in Welshpool for eleven years. When a 520m² freestanding warehouse on a corner lot with container height clearance and dual street access came to market at $1,920,000 — an established operator's premises in the heart of Perth's tightest industrial precinct — he moved quickly. His bank came back with a 60% LVR and a rate that reflected a standard WA commercial policy last updated when Perth industrial vacancy was sitting above 8%. David called us three days later.
The bank's assessment was not wrong about the asset. It was wrong about the market. REIWA's data confirmed Perth industrial median prices had risen 15.5% in the year to December 2025, reaching $2,935 per square metre — the strongest annual growth of any Perth commercial sector. JLL placed metropolitan industrial vacancy at 2.65%, with northern precincts below 1%. The bank's credit model had been calibrated on a Perth industrial market that no longer existed. That gap — between a market that has already moved and a credit model that has not — is exactly where the right lender makes the difference.
"My bank had dealt with my business for eight years and still came back with terms that didn't reflect what was happening in the Perth market. Nadine knew exactly which lenders understood WA industrial and why the owner-occupier classification changed the numbers entirely. The difference in what I needed to bring to settlement was over $190,000."
Client details have been anonymised. This story reflects a real scenario arranged through Smart Business Plans. Individual results vary depending on circumstances, lender criteria and market conditions. Commercial property lending involves credit assessment by the lender — approval is not guaranteed. Smart Business Plans are Authorised Representatives of Loan Market Services Pty Ltd (ACL 517192).
Our Lender Panel for Perth Commercial Property Finance
Including all four major banks, specialist non-banks, SMSF lenders and medical finance specialists. Perth is Australia's fastest-moving commercial property market right now — and lender familiarity with WA varies more sharply than in any other Australian city. For every Perth deal, I match your asset, precinct and borrower profile to the lenders with genuine current knowledge of this market, not the ones applying an eastern-states template to a WA application.
Find the lender set for your deal:
Industrial & Owner-Occupier Lenders
Best for: Kewdale, Welshpool and Forrestfield logistics and manufacturing operators; South West corridor industrial; AUKUS-adjacent businesses; owner-occupying trade and freight businesses
Perth's industrial market has recorded 15.5% median price growth and sits at 2.65% vacancy — the tightest conditions in WA in over a decade. Owner-occupied industrial, where your business operates from the premises, is assessed on business serviceability rather than rental yield, which opens a materially better lender set and rate. These specialists understand what is happening in Welshpool and Kewdale right now — and they will not apply a 2023 cap rate to a 2025 market.
Industrial property finance →SMSF Specialist Lenders
Best for: SMSF trustees buying owner-occupied premises — Perth industrial strata and small warehouses, strata office in West Perth or Subiaco, and medical suites in the Murdoch, Joondalup or Nedlands health precincts
Most lenders list SMSF as a product but apply standard commercial criteria that creates problems for Perth deals. Our SMSF sub-panel understands LRBA structures and consistently approves at 70% LVR on suitable Perth assets — including the industrial strata and suburban office formats that are the most common SMSF commercial categories in WA. Perth's yield advantage over eastern states makes this market particularly compelling for SMSF strategies.
SMSF commercial property loans →Medical & Healthcare Lenders
Best for: AHPRA-registered practitioners buying consulting suites, specialist rooms and day procedure facilities in the Murdoch, Fiona Stanley, Joondalup, Nedlands and Sir Charles Gairdner health precincts
Purpose-built medical lending carries LVRs up to 95% for registered practitioners — no WA regional discount, no standard commercial risk loading. Perth's southern and northern health corridors generate strong anchor demand from major hospitals and universities, and lenders who understand these precincts assess risk on fundamentally different terms from standard commercial credit teams. If you are a practitioner who has been leasing, this is the lender category that changes the conversation.
Medical property finance →Office, Retail & Mixed-Use Lenders
Best for: Perth CBD strata office, West Perth and Subiaco professional premises, Fremantle mixed-use freehold, suburban strip retail in Mount Lawley, Leederville and Subiaco, and eastern states investors entering the Perth market
Perth's office market is improving but lender confidence is uneven — the difference between quality inner-ring strata in West Perth and secondary suburban office is meaningful, and not all lenders price that difference correctly. For retail, Perth's yield advantage over Sydney and Melbourne is now well understood by eastern states investors, and I work with lenders who are actively growing their WA retail exposure. I match office, retail and mixed-use deals to credit teams with a current Perth view, not a national template applied without WA-specific context.
Commercial property loans →
Nadine Connell
Commercial Finance Broker
Frequently asked questions
What are typical commercial property loan interest rates in Perth?
Current Perth commercial property loan interest rates range from 6.35% – 9.95% depending on the lender type and property location. Major banks offer the best rates for prime CBD assets and mining services properties, while second-tier banks provide more flexible lending criteria. Private lenders offer faster approvals for complex or urgent purchases, but this comes with higher interest rates.
How much deposit do I need for a Perth commercial property?
Most of our lenders will need you to have a 30% deposit for Perth commercial properties, meaning you can typically borrow up to 70% of the property value (giving you a 70% LVR). Properties with strong mining sector tenants, or those in premium locations like Perth CBD or West Perth, may qualify for higher LVRs, while specialist lenders might offer higher LVRs for specific property types.
How much is the stamp duty on commercial property in Perth?
The stamp duty on business real estate in Perth (and all Western Australian commercial real estate) is shown in this table:
| Property Value | Stamp Duty Amount | Foreign Surcharge |
|---|---|---|
| $0 to $85,000 | 1.9% | 7% |
| $85,000 to $125,000 | $1,615 + 2.85% | |
| $125,000 to $925,000 | $2,755 + 4.75% | |
| $925,000 to $2,000,000 | $40,755 + 5.15% | |
| Over $2,000,000 | $96,117.50 + 5.25% |
Use this stamp duty calculator to work out your specific amount.
Note: Foreign buyers pay an additional 7% surcharge on commercial property purchases in Western Australia.
Refer to the Western Australian government website for more information
Which Perth locations get the best commercial lending rates?
We see Perth CBD and West Perth consistently secure the best rates from lenders due to strong tenant demand and capital growth. Subiaco and Claremont medical precincts typically attract rates just 0-0.25% above prime. Growth corridors like Osborne Park (mining services) and Joondalup add 0.25-0.5%, while outer suburban locations may face rates 1.0-1.35% higher than CBD properties.
How long does commercial property finance approval take in Perth?
We find that major banks typically approve Perth commercial property loans within 7-28 business days for standard purchases. Second-tier lenders often provide faster decisions at about 7-14 days. For auction purchases or urgent settlements, private lenders can approve funding within 24-72 hours, though at higher interest rates.
Can I get a commercial property loan through my SMSF in Perth?
Yes SMSF commercial property loans are available in Perth with rates from 7.55% p.a. and up to 70% LVR. Popular SMSF investments include medical suites in Subiaco and Claremont, professional offices in West Perth, and industrial properties in Osborne Park. SMSF loans require specialised lenders and bare trust structures, talk to our team for assistance with this.
What types of commercial properties attract the best lending terms in Perth?
Properties with long-term mining company or government tenants typically secure the best rates and terms. Medical centres with 15-year specialist leases, industrial properties servicing the resources sector, and CBD offices with ASX-listed tenants are highly favoured. Logistics properties near Fremantle Port and Perth Airport also attract competitive lending.
Do I need to use a broker for Perth commercial property finance?
While not mandatory, using a commercial finance broker such as Smart Business Plans can significantly improve your chance of securing optimal rates and terms. We have access to 60+ lenders including mining sector specialists, understand Perth’s unique market dynamics, and can structure complex deals. Our clients can see savings of $22,000-$85,000 or more annually through better rates and terms.
What's the minimum commercial property loan amount in Perth?
We handle commercial property loans in Perth from $350k all the way up to $100m or more. For properties under $350,000, business loans or equipment finance might be more suitable options.
Can I get commercial property finance for Perth development sites?
Yes we can help you get development finance for Perth commercial projects from $2.5M to $200M+ GRV. Our lenders offer construction loans with staged drawdowns at 70% of completed value with interest capitalised during build. Mining services precincts, renewable energy facilities, and mixed-use developments in growth corridors like Joondalup attract strong lender interest.
How does Perth's mining cycle affect commercial property lending?
Lenders adjust their appetite based on commodity prices and mining sector health. During upswings, lending loosens with higher LVRs and better rates, especially for Osborne Park industrial and FIFO-related properties. During downturns, lenders prefer diversified tenants and may require larger deposits. Current resource sector recovery is improving lending conditions.
What happens if the valuation comes in below my purchase price?
This is one of the most important risk conversations I have with Perth clients, particularly in the current industrial and retail markets where prices have moved quickly.
If a valuation comes in below the purchase price, the lender will calculate your LVR against the lower of the purchase price and the valuation figure — meaning your effective LVR drops and you may need to contribute additional cash to reach settlement. In some cases, the shortfall can be material. Consequently, the way I manage this risk is proactive rather than reactive: I brief the lender upfront on the purchase price and the comparable transactions that support it, and I specifically nominate valuers with current experience in the relevant Perth sub-market rather than accepting a generalist instruction.
As I described in the client story on this page, this approach resolved a potential valuation shortfall on a Welshpool warehouse before it became a settlement-day problem. If you are concerned about valuation risk on a specific Perth asset, call me before you exchange contracts.
