The Great Southern town of Denmark could have a new major shopping centre next year, with Perth-based diversified property player Castelli Group and the Denmark Cooperative Company Ltd spearheading a $10 million joint venture.
Labour shortages and escalating building costs in regional and remote areas have prompted some building companies in Western Australia to seek innovative housing solutions.
The bulldozers may have left Albany’s historic Esplanade Hotel site in February, but work still has not begun on its $70 million futuristic apartment and hotel complex replacement.
Homeowners who choose to sell their properties privately are finding themselves squeezed out of cyberspace as big industry players look to dominate internet advertising.
Developer of the $400 million project at 140 William Street, Cbus Property, is on the lookout for tenants to occupy the site’s office and retail space component.
Developers who have secured large commercial sites around Perth are wasting no time transforming them into business parks, with at least five new developments recently announced.
A public swimming pool and more supermarkets are high on the wish list of the City of Perth community, as revealed this month in the first survey of residents undertaken by Perth council and the Property Council of Australia WA.
With less than four months until the first train rolls in to Cockburn Central, the local council is planning some significant development projects to inject new life into the city.
Increased activity among first-home buyers has helped provide some price relief in the June quarter, with the median house price falling $7,000, or 1.5 per cent, during the period.
The Urban Development Institute of Western Australia is calling for an urgent study of housing affordability, following the release of a state government report on WA’s land supply crisis.
The developers behind a new industrial warehouse project in Welshpool are hoping to break the ‘big shed’ look common to the sector by incorporating a new curved roof system from Spain in the design.
Developers Satterley Property Group and Lester Group are introducing fresh initiatives to help end the reliance on mains water in their residential estates.
Rooftop water tanks, wind turbines, solar panels and even waterless woks in food courts are some of the initiatives shopping centre owners are implementing to reduce their environmental footprint.
Perth’s industrial sector has moved into top gear in the past 12 months, posting rental growth close to 50 per cent in secondary markets and sparking high levels of development activity.
Residential developers in the Shire of Augusta Margaret River may have to provide lots for sale to first-home buyers under new planning guidelines being considered by the state government.
Housing developers have taken a new approach in their efforts to compete with the established-home market, offering a range of inducements and incentives to prospective clients.
After six years at the helm of Perth architectural studio of Woods Bagot, Ross Donaldson has taken on the role as the group’s global managing director.
The state government has not ruled out taking office space in the historic Old Treasury Building, which is up for grabs following its decision last week to seek expressi
Melbourne-based developer John Crane and venture capitalist Daniel Besen are on the lookout for new acquisitions in Western Australia, following their successful entry to the market last year.
Fresh from its $6 million purchase of East Victoria Park’s historic Balmoral Hotel, listed property trust and management operator, ALE Property Group Limited, is targeting other Western Australian pubs.
The Town of East Fremantle has embarked on a strategic planning process and is accepting submissions from business and the community on how best to revitalise the area.
Western Australians are spending more on home renovations than ever before, as the combined effect of rising house prices and building delays flows through the sector.
Tenants occupying premium office space in Perth’s central business district have added cause for concern this month following a record $650/square metre net rental review agreement at Central Park.
The increasing demand for accommodation in Perth could see the median weekly asking rent for units breach the $300 mark later this year, and even surpass the median rent for houses, according to market analysts Australian Property Monitors.
Competition in Western Australia’s mortgage broking market looks set to intensify this year as three of Australia’s most successful non-bank lenders prepare to open new branches across the state.
While the long-awaited expansion of the Wanneroo Central Shopping Centre takes shape, a new retail strip is under construction across the road, which is almost fully leased.
It was to be transformed into a $60 million luxury Hilton-branded resort this year, but Coral Bay’s Ningaloo Reef Resort has found a new direction under the ownership of Perth-based Aspen Group.
The shortage of parking bays in Perth may worsen before it improves if plans by the City of Perth to demolish its 490-bay Elder Street car park go ahead this year.
Fini Group founder Tony Fini has negotiated a $180 million deal to sell his retirement village portfolio to investment bank Babcock & Brown and prominent retirement village player Primelife Cor
