Property developer Australand is preparing for a possible takeover from fellow developer Stockland which would propel the combined entity to second position on the list of Western Australia's biggest land developers.
One of Perth’s largest apartment projects by value is due to be launched in coming weeks in Rivervale, testing demand and pricing in what has become a development hot spot.
The state government’s push for apartment and townhouse developments, as well as increased appetite among home buyers for high-density housing, is creating substantial opportunity for residential property syndicates.
Tourists and business travellers will soon be spoilt for choice when it comes to luxury hotels in Perth, with a rush of new developments providing new options at five stars and above.
Mirvac Group has cleared the way for development of its next high-rise apartment tower at Burswood after overcoming objections from local residents and the local council to its revised plans.
The federal government could take a fresh look at negative gearing rules in the May budget to help balance the books and make housing more affordable and accessible.
Resources sector professionals are choosing to live in the inner city instead of the urban fringe, contrary to traditional notions that fly-in, fly-out workers prefer to live in the outer suburbs.
BGC has unveiled details of its second major hotel project in Perth, which will add a further 224 rooms to the city's growing hotel development pipeline.
The WA Planning Commission has moved to address a shortage of large industrial plots in the metropolitan area, seeking to rezone large swaths of rural land in Hazelmere to allow for industry use.
SPECIAL REPORT: Perth hotels have varied their marketing message to attract more of the leisure market, but new developments will present additional challenges.
Perth-based marine farming company Cell Aquaculture has flagged a move into property investment, signing a heads of agreement to acquire two new projects in Asia for $83 million in an all-scrip bid.
Lack of supply of large, well-located office and retail assets in Perth’s commercial property market has resulted in the total value of sales falling to less than half of what they were 12 months ago.
Approvals for home loans in Western Australia have risen by 10 per cent over the past 12 months, but the strong growth appears to be slowing down, according to economists.
Parts of the East Perth skyline will start to rival the height of the central city after Finbar Group secured planning approval for what will be Perth’s tallest apartment tower.
South Hedland’s first four-star hotel is due to open by the end of this year, after a Melbourne based developer said it will build most of the hotel off site to save time.
Finbar Group has gained planning approval for a new apartment project that combines a 38-level tower with restoration of two former ABC buildings on Adelaide Terrace.
The supply of apartments in Perth’s western suburbs will increase rapidly this year, with TRG Properties, Georgiou Living and Blackburne Property Group set to launch new projects during the next three months.
Blackburne Property Group has passed major development milestones on three of its projects, with the most significant being planning approval for what will be one of the largest apartment developments in Perth’s western suburbs.
Rising vacancies and falling rents in Perth’s CBD office market are putting tenants in prime position to score favourable deals, while the conditions could also result in potential bargains for institutional investors.
