An interstate developer has launched its first apartment project in Perth, near the banks of the Swan River, joining a long list of multi-residential projects in the City of Belmont.
Perth land developer Peet says it will seek to raise $47 million to help fund $95 million worth of acquisition interests in six residential development projects across Australia.
Expressions of interest to lease Rechabites Hall and the Perth Hostel in Northbridge open today, marking the final stage of the state government's $6 million revitalisation project for William Street.
Western Australia's home builders won't keep up the record pace achieved in 2013-14, with housing starts flagged to fall 14 per cent next year on the back of slowing population growth and a softening economy.
The City of Geraldton has sold an 8.8-hectare parcel of land for $880,000 to Tersum Energy which expects to spend between $60 million and $80 million to build a 30-megawatt gas fired power station, and is in ongoing negotiations for offtake power.
A western suburbs real estate agency has set up a dedicated China marketing arm, as growing numbers of Chinese developers eye Perth's burgeoning apartment market for large project opportunities.
The state government will legislate to include the University of Western Australia, Kings Park, the QEII Medical Centre and the City of Vincent in the City of Perth, but will not include the Burswood Peninsula after that proposal was rejected by the independent Local Government Advisory Board.
Offshore buyers are increasingly interested in Perth office stock, but limited assets for sale and the city's rising vacancy rate are stifling opportunities.
Record building approvals in 2013-14 have resulted in an all-time high of dwelling commencements in Perth, but the latest data show housing construction may have hit the peak of the cycle.
Aquila Resources founder Tony Poli has emerged as a potential buyer for the Port Geographe development, in a move that could breathe new life into the long-stalled coastal project.
The Leederville Fire Station building has been placed on the market, with commercial agents Colliers International and Burgess Rawson putting a $1.1 million price tag on the heritage-listed propert
Approvals for detached housing appear to have peaked for the time being, but multi-residential approvals are set to continue growing in the short-term, analysis of approvals statistics by the Real Estate Institute of Western Australia shows.
A buyer is understood to be circling the Port Geographe development near Busselton, potentially ending years of uncertainty for the blighted marina project.
Finbar Group has completed its $100.3 million Spring View Towers project in Rivervale, with $96.6 million already secured from the sale of all but seven of the 188 apartments.
Aspen Group will secure majority ownership of Aspen Parks Property Fund, following the Takeover Panel's rejection of Discovery Holiday Parks' applications for a declaration of unacceptable circumstances.
Perth-based marine farming company Cell Aquaculture has cancelled a deal with Noble Rate to buy its Roxy Casino in Cambodia after it failed to source skilled workers and keep up with ongoing reporting procedures.
Vacancy across Perth's suburban office markets contracted slightly over the past six months, in sharp contrast to the CBD commercial property vacancy rate, which has blown out since the middle of last year.
Perth's established suburbs accounted for just 28 per cent of all urban land development in 2012, well below the long-term 'infill' target of 47 per cent, prompting calls for regulatory reform from the Property Council of Australia.
Transport Minister Dean Nalder has announced that Fremantle Ports will go to market for the leasing of its container terminals on North Quay for undisclosed sums.
As Fiona Stanley hospital opens the Department of Health has launched an international recruitment drive, despite indications that some existing staff are losing their jobs.
