Development of the final superlot at the Exmouth Marina has begun, with Fowler Group and Celsius Property turning the sod on the $70 million Sundrift Estate.
The last parcel of waterfront land in the Exmouth Marina will be sold to a consortium of Fowler Group and Celsius for the development of 150 new residential lots.
Celsius Property has submitted applications to build residential developments, expected to cost $135 million in total, in the Montario Quarter precinct.
Western Australian projects and developers have been recognised at a state industry awards, including Adrian Fini being named Property Leader of the Year.
Housing Minister John Carey has doubled down on his call for industry to provide more affordable housing, as the state's housing supply shortage worsens.
A proposed apartment block in North Perth has been knocked back, with an assessment panel finding the 13-storey project "excessive" and an "overdevelopment".
No new apartment stock has been launched to the Perth market during the third quarter of 2022, as developers wait for unit prices to catch up with rapidly rising construction costs.
Changes to the state government's home indemnity insurance scheme mean homebuilders can access greater cover, but the policy still leaves apartment builds out.
Several Western Australian-based property companies were awarded for their developments over the weekend, as part of the inaugural Apartment Awards for Excellence.
An analysis of more than 500 apartment sales over the past three years has shown apartments located in Claremont have maintained premium price points in comparison to neighbouring suburbs Subiaco, Floreat, Jolimont and Shenton Park.
Celsius Property Group has added land development to its portfolio, appointing former Satterley Property Group executive Brenton Downing to lead the expansion.
Celsius Property Group has signed construction contractor Jaxon to build the latest apartment project at Claremont Oval, a $21 million, 40-dwelling luxury development.
A small number of ASX-listed Perth companies are following the example of Rupert Murdoch and Kerry Stokes, with second-generation family members taking over.
Saracen Mineral Holdings managing director Raleigh Finlayson has received the top honour at Business News' 2018 40under40 awards, named First Amongst Equals ahead of a diverse field of Western Australia's young business and community leaders.
