Developers across Perth’s CBD are positioning themselves to ride the city’s next wave of office development, with options for tenants with large space requirements becoming scarce despite an overall vacancy rate of 18.5 per cent.
The Sunset Hospital site on the riverfront in Dalkeith will become a cultural and creative precinct, with Culture and Arts Minister David Templeman today announcing an expressions of interest process.
The man behind the Perth expansion of Australia’s biggest architecture practice is expecting a quantum shift in the way projects are developed in the city.
Curtin University will soon embark on the first phase of its $500 million Greater Curtin plan, which includes more than 900 new student accommodation rooms, a hotel and serviced apartments alongside new educational space.
Western Australians are keen to buy new homes and investment properties, much moreso than in the rest of the country, but existing owners are unwilling to sell, a survey by National Australia Bank has found.
SPECIAL REPORT: WA is continuing to boast a strong aged care development pipeline, and the completion of multiple major developments has meant an increase in bed numbers for some providers.
The total number of home loans rose by 2.4 per cent in Western Australia last November, against a 0.9 per cent fall nationally, according to the Australian Bureau of Statistics.
The Supreme Court has found prominent land developer and real estate agent Colin Heath breached his fiduciary duties in regard to his role in long-running land development ventures with the Godecke family.
Jason Burns Homes has been fined $20,000 by the State Administrative Tribunal after the father-and-son building partnership failed to rectify defects at three new homes.
Western Australia’s revamped strata regulations have made it easier for property owners to sell together and realise a higher premium than if they sold individually, particularly in strategic locations.
The property industry is more confident in Western Australia than many other parts of the country, but some in the sector are warning that major policy changes could damage this outlook.
Seven out of the 10 Perth suburbs to have achieved the largest median house price increase in 2018 have at least a 37 per cent higher sale price than the overall Perth median of $505,000, according to the latest Reiwa data.
Finbar Group has announced an on-market share buy-back program under which the company could spend about $16 million repurchasing 7 per cent of its own shares.
Shares in Bentley-based Quantify Technology were up as much as 14.3 per cent today after the business signed a deal with Taiwanese company Foxconn Technology to progress towards manufacturing of its intelligent building management gadgets.
Opponents of a Puma Energy development on Dunsborough’s main street have emerged victorious from the three-year stoush, after the developer behind plans to build the 24-hour service station announced it would no longer proceed with its bid.
SPECIAL REPORT: Paul, Nathan and John Blackburne are proving that they don’t have to work for the same company to leave a family legacy in Perth’s property industry.
Engineering contractor Westforce Construction has purchased two adjoining properties in Welshpool for $4.2 million, as the company plans to expand its business.
Federal government-backed agency Indigenous Business Australia has purchased two adjacent petrol stations on Forrest Highway south of Perth for $34 million from Perth-based investment group Security Capital Australia.
Georgiou Group has been awarded a $42 million contract to build new facilities at Hollywood Private Hospital while Pindan has been appointed as builder for a housing project in Manjimup.
The federal government has forced the sale of 30 properties in Western Australia worth nearly $50 million, which were illegally acquired by foreign nationals since 2015.
