Despite talk of a softening housing market in Western Australia this year, there is still no relief on the horizon for developers from rising construction costs, higher wages and material shortages.
The City of Perth is set to call a summit of government, property industry and private parking representatives within days to address the city’s growing parking woes.
Perth’s office market vacancy rates have tightened further with the Property Council of Australia (WA) this week reporting CBD vacancy levels of just 0.9 per cent.
The upward trajectory of office rents in the Perth CBD may be grabbing the headlines, but car bay rents are also doing their bit to create headaches for those who work in the city.
Developer ING Real Estate has been buoyed by last week’s green light to progress its long-awaited $200 million Victoria Quay redevelopment, which was the subject of extended community consultation last year.
Continuing strong interest in strata offices on the CBD-fringe is expected to lift strata sales to $5,500 a square metre this year on the back of low availability, minimal new construction and high levels of owner occupier demand.
Perth’s commercial leasing agents are warning the city’s office space crisis will intensify this year, potentially leaving companies no choice but to pre-commit to proposed office projects or stay put and face expensive lease renewals.
After helping US investment giant GE Real Estate secure a large number of Australian properties last year, Savills has been awarded the lucrative management rights to 20 of GE’s new Western Australian assets, including Allendale Square.
Situated halfway between Geraldton and Kalbarri, the sleepy coastal hollow of Horrocks is waking up to new development opportunities as demand for coastal land intensifies.
Occupying rare earth between the Swan River and the Indian Ocean, North Fremantle’s industrial precinct is the target of an urban rezoning push, which has local landowners calling in the architects.
Perth-based real estate entrepreneur Mark Woschnak is taking his first steps into the realm of online property marketing, launching a website dedicated entirely to the Australian rental property market under the domain rent.com.au.
Keeping up with Western Australia’s powerhouse economy is presenting a number of critical challenges for the building and construction industry, not limited to labour shortages, cost blow outs and planning delays.
Axiom Properties Ltd has announced two projects, including a child care centre in Brighton, as part of a strategic alliance with its major shareholder, Pivot Group.
With the population of Margaret River estimated to almost triple by 2031, the Shire of Augusta Margaret River has embarked on an ambitious town planning strategy to ensure its village charm is not blighted by future urban growth.
The South West village of Cowaramup is gearing up for a spate of residential development activity as a handful of long-term land owners in the area prepare to subdivide their properties.
Northbridge will undergo a new phase of development activity next year as investors increasingly turn their attention to the area and a number of planned mixed-use developments get under way.
It has been a big year for real estate agent principal and Force First National director Paul Tonich, who has made the most of Western Australia’s record breaking property boom by posting some records of his own.
Albany's first master planned community, Oyster Harbour, has attracted considerable buyer interest with the majority of lots in its first release selling out last week.
An $11 million central services facility will be built at the Australian Marine Complex at Henderson to act as a meeting, shopping and entertainment hub for tenants and visitors from early 2008.
Architectural and design firm Woods Bagot is relishing its move to Fleet House on Murray Street, with its recent interior makeover injecting a new buzz into the business.
Surround Sounds managing director Dale Seeley is feeling right at home in his revamped Nedlands audio-visual store after its transformation into an integrated Smart Home complete
Sol Health managing director Dean Solly has unveiled plans to build a $15 million health and lifestyle centre at Butler, north of Joondalup, and has earmarked a second centre for
After nearly 13 years at the helm of boutique commercial property agency NSC Corporate, joint managing directors Steve Carulli and Nick Stanisis are shutting-up shop to join global property player Jones Lang LaSalle.
The Fremantle Surf Lifesaving Club has engaged Leighton Beach developer Mirvac to produce a concept plan for a major upgrade of its clubrooms on Port Beach Road.
Private developers may soon be required to spend up to 1 per cent of their city project budgets on providing public art, following a City of Perth review of its arts policy.
West Leederville will get its first shopping centre in August next year following moves by supermarket giant Coles to anchor a new $30 million retail and office complex under construction at 115 Cambridge Street.
The possibility of Broome becoming Western Australia’s second international flight hub next year is helping drive a major development push in the town, leading to strong sales of existing hotel properties.
