Western Australia has the lowest rate of housing affordability in the nation, according to a new study by the Urban Development Institute of Australia.
If one building summarised the modern evolution of Perth’s business district, then 1 Adelaide Terrace, which sold last week for $87 million, could well be it.
The state government has revealed plans to increase rental housing supply in the inner city by using investment from superannuation funds and property trusts to redevelop four sites in Northbridge.
Western Australia’s resources boom continues to put pressure on Perth’s commercial office space market, according to the Property Council of Australia WA.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
