Property

Siteworks have started for a nine-storey, 32-apartment complex at 990 Wellington Street, West Perth, which has generated controversy amid claims the development is outside City of Perth’s Town Planning Scheme guidelines.

Outgoing national president of the Royal Australian Institute of Architects, Warren Kerr, says the appointment of a government architect, Professor Geoff London, was the most tangible legacy of the Year of the Built Environment.

The Housing and Urban Research Institute of Western Australia (HURIWA) has appointed Associate Professor Fiona Haslam McKenzie as the first full-time director.

Peter Laurance’s Pivot Group is gearing up to begin a $140 million, three-level retail development at 100 St Georges Terrace, creating a significant new retail precinct in the CBD.

Increasing speculation over the health of the residential property market is adding to the growth in investors and owner-occupiers buying small industrial properties.

Owners of office development sites are actively marketing to attract anchor tenants amid falling vacancy rates, a tightening of space availability and increasing investor interest not seen for a decade.

The Western Australian Planning Commission’s annual forecast for land supply has indicated the need for 62,500 lots over the next five years.

The Mirvac Group has announced the establishment of an industrial trust in the US valued at approximately $487 million and to be listed on the Australian Stock Exchange.

Recent changes to Australian Accounting Standards may affect the financial statements of companies with property assets.

Investors in a unit trust that owns the May Holman Centre at 32 St Georges Terrace have been given a stake in the site’s future use by trust manager Becton Investment.

The State Government has announced the establishment of a Major Governments Projects Taskforce, which is viewed as a major step in achieving a co-ordinated approach to the revital

Vasse Newtown has broken its own sales record with 145 lots selling in seven and a half hours, and more than 100 people camping overnight to secure their blocks, according to orga

Having recently taken on the role of president of the Property Council, Luke Saraceni has clear plans for what he wants to achieve for the industry during his tenure.

Renewed interest in the Perth office market among interstate investors was further confirmed last week with sales of CBD office assets worth nearly $200 million.

Hard work and a focus on objectives may seem like a simple formula for success but it’s one that has served Luke Saraceni well.

Goods and Services tax on property will increase if a bill introduced to Federal Parliament becomes law.

Perth-based Kebbel Investment Bank has kept a remarkably low profile in the four years since its inception, raising more than $700 million and having been involved in property projects totalling between $2 billion and $3 billion.

Perth’s century old Bayswater Hotel has recently undergone a $3.5 million refurbishment.

An agreement signed between the State Government and the Rubibi community in October last year has allowed for the residential development of 33 hectares of prime land near Cable

The outcome of Native Title negotiations in coming months will be critical for the property sector in Broome amid mounting development and cost pressures.

Work will commence within a few months at St Andrews, a proposed $20 billion new city about 50 kilometres north of Perth at Yanchep-Two Rocks.

With more than $100 million of tourist developments and upgrades scheduled, a substantial increase in direct flights from several airlines and tourism operators anticipating a record year, things are looking good for Broome’s tourism sector.

A new City of Stirling report has criticised the findings of last September’s State Government survey which recommended a height cap in Scarborough.

Western Australia’s relatively immature real estate market, and its more efficient contracting system, were two convincing reasons to keep the current sales system, according to Real Estate Institute of Western Australia (REIWA) president Greg Rossen.

The Town of Cambridge has named Multiplex as the preferred tenderer on the multi-million dollar Perry Lakes redevelopment.

Construction industry advocates say a shortage of apprentices is the major issue they will be taking up with the newly elected Gallop Government.

Chamber of Commerce and Industry chief executive John Langoulant has forecast a steadying of Western Australia’s economy and the property market as industry catches up on a backlog of work.

New South Wales Premier Bob Carr has acknowledged the broadening of land tax and the introduction of a vendor tax last year are hurting the Labor Party in NSW.

Confidence is growing among developers with a view to new office construction as the outlook for Perth’s office market moves into positive territory for the first time in several years.

The planning policies of the Shire of Augusta-Margaret River are to be tested in the State Administrative Tribunal (SAT).

When Geoff Wood established an office interiors company called Design Sales in 1965 it was only the second operation of its kind in Perth.