Perth’s office market vacancy rates have tightened further with the Property Council of Australia (WA) this week reporting CBD vacancy levels of just 0.9 per cent.
A turf war, quite literally, has erupted between the neighbouring councils of Victoria Park and Belmont over control of the valuable riverside racecourse of Belmont Park.
Developer ING Real Estate has been buoyed by last week’s green light to progress its long-awaited $200 million Victoria Quay redevelopment, which was the subject of extended community consultation last year.
Continuing strong interest in strata offices on the CBD-fringe is expected to lift strata sales to $5,500 a square metre this year on the back of low availability, minimal new construction and high levels of owner occupier demand.
The upward trajectory of office rents in the Perth CBD may be grabbing the headlines, but car bay rents are also doing their bit to create headaches for those who work in the city.
Amid growing calls for a cut to stamp duty in Western Australia, there is a groundswell of support building for land tax reform, including a move for it to be abolished.
After helping US investment giant GE Real Estate secure a large number of Australian properties last year, Savills has been awarded the lucrative management rights to 20 of GE’s new Western Australian assets, including Allendale Square.
Establishing a flight training business in Perth 10 years ago was easy, according to pilot Min Stokes, but no-one could have prepared her for the bumpy ride that followed.
Perth’s commercial leasing agents are warning the city’s office space crisis will intensify this year, potentially leaving companies no choice but to pre-commit to proposed office projects or stay put and face expensive lease renewals.
Keeping up with Western Australia’s powerhouse economy is presenting a number of critical challenges for the building and construction industry, not limited to labour shortages, cost blow outs and planning delays.
Situated halfway between Geraldton and Kalbarri, the sleepy coastal hollow of Horrocks is waking up to new development opportunities as demand for coastal land intensifies.
Occupying rare earth between the Swan River and the Indian Ocean, North Fremantle’s industrial precinct is the target of an urban rezoning push, which has local landowners calling in the architects.
Perth-based real estate entrepreneur Mark Woschnak is taking his first steps into the realm of online property marketing, launching a website dedicated entirely to the Australian rental property market under the domain rent.com.au.
Business think-tank Committee for Perth has appointed former Urban Development Institute of Australia WA executive director Marion Fulker as its chief executive.
Major players making major deals was the dominant feature of Perth’s commercial office market in 2006, as yields and office vacancies tightened and rents skyrocketed.
With the population of Margaret River estimated to almost triple by 2031, the Shire of Augusta Margaret River has embarked on an ambitious town planning strategy to ensure its village charm is not blighted by future urban growth.
While the state’s residential and commercial markets were strong performers in 2006, positive sales results were also emerging in the industrial and retail sectors.
The South West village of Cowaramup is gearing up for a spate of residential development activity as a handful of long-term land owners in the area prepare to subdivide their properties.
Yallingup holiday home owner John Hanrahan is taking his anger over state government land tax bills to the source, with a protest planned for Parliament House next month.
Northbridge will undergo a new phase of development activity next year as investors increasingly turn their attention to the area and a number of planned mixed-use developments get under way.
It has been a big year for real estate agent principal and Force First National director Paul Tonich, who has made the most of Western Australia’s record breaking property boom by posting some records of his own.
It was a year of highs and lows in Western Australia’s property game, with a record 46 per cent surge in Perth’s housing prices in the year to September and stellar commercial gains.
Albany's first master planned community, Oyster Harbour, has attracted considerable buyer interest with the majority of lots in its first release selling out last week.
An $11 million central services facility will be built at the Australian Marine Complex at Henderson to act as a meeting, shopping and entertainment hub for tenants and visitors from early 2008.
Once the scene of local protests and political cat fights, the Hope Valley Wattelup Project is about to become Australia’s largest industrial development, Latitude 32.
After nearly 13 years at the helm of boutique commercial property agency NSC Corporate, joint managing directors Steve Carulli and Nick Stanisis are shutting-up shop to join global property player Jones Lang LaSalle.
Architectural and design firm Woods Bagot is relishing its move to Fleet House on Murray Street, with its recent interior makeover injecting a new buzz into the business.
The City of Mandurah will use new forecast population data in its fight to have an entrance road to Mandurah built in time for the opening of the new $511 million Perth to Bunbury Highway in 2009.
Surround Sounds managing director Dale Seeley is feeling right at home in his revamped Nedlands audio-visual store after its transformation into an integrated Smart Home complete
