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.
Developer and fund manager Aspen Group has continued selling its non-core assets, offloading its 50 per cent stake in Adelaide’s Australian Taxation Office building as well as its interest in the a
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.
Chevron Australia and the state government have signed a landmark deal to boost residential development in Onslow, near Chevron’s $29 billion Wheatstone liquefied natural gas project.
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.
Sunset Events has been given the go-ahead by the City of Fremantle to develop the J-Shed area at Arthur Head into a concert venue, despite considerable community opposition to the plan.
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.
Local investors are showing increased interest in Western Australian retail assets, with the off-market sale of Northam Boulevard Shopping Centre for $14.05 million highlighting the growing demand,
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.
Western Australian town planners are working at capacity, with demand for their services being driven by an uptick of activity in land development as well as the state government’s efforts to boost
The building industry watchdog has launched court action against 76 workers who allegedly went on strike unlawfully at the $1.2 billion children’s hospital project in Nedlands.
New hotel developments in Perth and Fremantle will add up to 2,500 rooms during the next five years, with this number potentially growing to more than 4,000 if several proposed projects go ahead.
The Environmental Protection Authority has rejected a bid to rezone land in Port Hedland which LandCorp had earmarked for its proposed $152 million Spoilbank Marina development.
Kingston International College will move its English language and vocational school to Highgate early next month, to a heritage-listed building it bought from apartment developer Finbar Group for $
Property investor and developer Aspen Group says it is likely to post a half-year loss of up to $72 million on the back of impairments on a number of its assets, including the Septimus Roe office tower in central Perth.
Perth's CBD office market is still proving to be attractive to offshore investors, with the office building at 130 Stirling Street sold to a Singaporean firm for $90 million.
The head of property developer Stockland says there is no housing price bubble and Australia remains a cheap place to achieve the dream of home ownership.
Apartment developer Finbar Group has formalised its relationship with construction firm Hanssen, while also unveiling its third project at the Springs Rivervale urban infill development site.
