Property

As the first stages of the Northbridge Link project get under way, a number of developments in the East Perth Redevelopment Authority’s New Northbridge precinct and surrounds are due for completion in the next 12 months.

The state’s property market is likely to experience continued growth in 2008, although performance in the residential sector is likely to be mixed, according to the Hegney Property Group’s outlook report.

With the first of the new breed of Perth office towers at least 12 months away from completion, developers are transforming small city sites into boutique office blocks and reaping the rewards in the interim.

A series of developments planned for Lord Street in Perth, near Members Equity Stadium, are the first steps towards what developers and the Town of Vincent hope will be a renewal of the area.

Figures released last week by the Housing Industry Association indicate the residential market in Western Australia will continue to face challenges in 2008.

Kevin Gray is one of thousands of Western Australian business people who have carved out a successful niche and ridden the economic boom.

THE Subiaco Redevelopment Authority is selling Subi Centro’s last commercial lot on Roberts Road by public tender, closing March 20.

Aspen Group Ltd has resported an underlying net profit after tax of $19 million for the half year, representing a 63 per cent increase on the corresponding period.

Cedar Woods Properties Ltd has reported an interim net profit of $4.6 million, maintaining its full year net profit forecast of approximately $20m, which will be a record for the company.

The 3.5 star Emerald Hotel Perth is set for a major refurbishment following its sale to the Singaporean owner of Scarborough's Rendezvous Observation City Hotel for $25.1 million.

West Perth-based clean energy technology company, Carnegie Corporation Ltd, has acquired new solar thermal and wind aerofoil technologies, invented by its chairman Alan Burns.

Following on from the success of its state-of-the-art Oral Health Centre development at Nedlands’ Queen Elizabeth II Medical Centre, architectural and planning practice Hames Sharley has been called back to design and plan a landmark $100 million research

As office rents in Perth continue to climb, property owners are more likely to retain their assets to capitalise on growth, although the full effects of recent stock market volatility and rising interest rates are yet to be realised, according to property

Set among the unassuming shopfronts of Perth’s unofficial Chinatown on William Street in Northbridge, Dragon Tea House has earned a reputation as one of Perth’s hidden gems.

Portable housing manufacturers, Fleetwood Corporation Ltd and Nomad Building Solutions Ltd, have posted strong growth in profits for the half year to December 31, boosted by demand from the resources sector.

The Stephenson Highway is a name that sends shivers up the spines of many residents in Perth’s western suburbs.

It’s hard to miss the rows of plastic flowers lining one of Perth’s little-known laneways, Wolf Lane, off Murray Street.

The Corruption and Crime Commission has released a series of explosive reports over the past three years, yet independent reviews of its findings have repeatedly reached contrary conclusions.

The residential property market in regional Western Australia returned a mixed performance in the last quarter of 2007, with strong growth in mining towns and low or negative growth closer to Perth, according to the Real Estate Institute of Western Austra

Amid the voices of support for the state government’s recently announced plan to redevelop Perth’s foreshore, concerns remain about the delivery of the project.

Cottesloe’s Station Street, a retail strip known for its high-end clothing and jewellery stores, has been chosen as the site for a new mixed-use development containing retail, office and residential space.

With Perth’s office vacancy rates at record lows, two major Perth lessees have finally pinned down space in new high rise developments in the CBD.

Despite its residential interests failing to deliver strong results, NSW-based property developer Australand Property Group has recorded an operating profit after tax of $163.2 million, an increase of 5 per cent on the previous period.

Market research firm East & Partners has revealed a growing trend for Australian businesses to use third party finance brokers and mortgage originators when they are obtaining finance products.

The West Perth office market may be effectively full, but a series of small developments in the area, and at the west end of the city, will help to ease supply in the next year.

West Perth-based industrial company Schaffer Corporation Ltd has announced a net profit after tax of $5.8 million for the first half of the 2008 financial year, 11 per cent higher than the $5.2 million profit posted in the corresponding period last year.

The federal coalition has rejected the preferred industrial relations policy of its leader Brendan Nelson and his deputy Julie Bishop, deciding instead that it will not oppose legislation dismantling the Howard government's workplace laws.

Premier Alan Carpenter has identified nine items of government legislation he expected the upper house of state parliament to pass in the next fortnight.

Western Australia's industrial land supply is set for a further boost following the start of site works on stage two of the Avon Industrial Park near Northam.

Preliminary data by the Real Estate Institute of Western Australia suggests Perth's housing market was flat-lining in the December Quarter of 2007, with no movement either up or down for the last three months of last year.

The Property Council of Australia has called on the state government to engage property owners, developers and financiers in the early stages of its $360 million Perth Waterfront redevelopment, by establishing a development authority to steer the project.

The Perth CBD retail property market remains strong with rents up in the December quarter on the previous year, according to research from CB Richard Ellis