Christ Church Grammar School is advancing its plans to acquire state government land near its existing St John’s Wood playing fields, proposing a $20 million expansion project.
While Western Australia has recorded solid growth in residential property values in recent months, it’s still yet to catch up to its east coast counterparts.
Western Australia’s peak planning body has given the state government and property giant Pivot Group the green light to build a $30 million office building for parliamentary staff.
Hesperia Property has submitted a proposal to repurpose the Graylands Hospital site for future urban infill development, via the state government’s Market-Led Proposals process.
Sublease space across Perth’s CBD offices increased during the first quarter of 2021, but has had minimal impact on the overall market, according to CBRE’s latest report.
Boutique property developer Dragon Century is set to receive the green light to construct a $34 million apartment building on the banks of the Swan River.
The Town of Cottesloe is still not sold on Gary Dempsey Developments’ $22 million beachfront apartment plan, recommending that the proposal be refused for a second time.
Truenorth Properties has lodged plans to build a $27.39 million six-storey apartment building in Tuart Hill, a project it hopes to expedite through the state’s new Development Assessment Unit.
A $70 million plan to revamp the site of The Empire Bar could be derailed after the Town of Victoria Park recommended the Joint Development Assessment Panel refuse the proposal.
Industrial and logistics properties continue to top investors’ wish lists, as vacancy within Perth’s industrial property drops by almost a third within 12 months.
Property developers are undeterred by the trend towards working from home, with new plans for a 14-storey office the latest in a series of proposed CBD projects.
Perth unit sales during the March 2021 quarter reached the highest volume recorded since 2013, according to the latest data from the Real Estate Institute of Western Australia.
Primewest has received an off-market takeover bid from fellow property fund manager Centuria Capital, with the combined group to have $15.5 billion in assets.
Western Australia’s property market has come out on top for having the most positive outlook in the country, but industry says tax reform is needed to underpin growth.
The Metro-Inner Development Assessment Panel has deferred a decision on an $18 million development in Shenton Park the local government recommended it refuse.
The Real Estate Institute of Western Australia has revised its predictions for house price growth in 2021, forecasting a 15 per cent increase by the end of this year.
