A Supreme Court trial over an apartment proposal at the Yelo cafe site has come to an end after resident group Too Big for Trigg dropped its application.
A trial between a residential group and developers of an apartment block at Yelo cafe site in Trigg will take twice as long as expected to sort out the issues.
Amendments for a six-storey $25 million Shenton Park apartment block have been approved as the development's costs risen nearly 40 per cent from the initial estimate.
Construction costs for Momentum Wealth's proposed six-storey apartment block in Shenton Park have gone up by millions of dollars, nearly 40 per cent up from its initial estimate.
A spat between coastal residents and the decision-making body which approved the Yelo site development has escalated to the Supreme Court, with a trial planned in May.
Two years and 12 design iterations later, Momentum Wealth has been given the green light to build a $4.75m development at the site of northern beaches cafe Yelo.
A $4.75 million plan to build a four-storey development at the site of popular northern beaches cafe Yelo will be considered for a third time, but without the cafe.
A long-running dispute over a four-storey development at the site of popular northern beaches cafe Yelo appears to have been brought to an end today after the proposal was refused.
Perth's residential vacancy rate continued to decline over September to 0.96 per cent – only the third time in 40 years it has fallen below 1 per cent.
Perth's residential rental market vacancy rate has dropped to 1.6 per cent - the lowest vacancy rate since March 2008, according to the Real Estate Institute of Western Australia.
Perth's real estate leaders say the residential property market is shaping up to be more resilient to pandemic-induced fluctuations than initially anticipated.
Property investors believe Perth has the strongest potential for growth of any capital city in Australia during the next three years, according to a new national survey.
Developers have made progress on a pair of near-city apartment projects, with construction starting on a $15.5 million complex in Highgate by Momentum Wealth, while Willing Property has secured approval for its Clifton & Central project in Mount Lawley.
Fresh data on Perth's residential property market points to a long-awaited recovery in 2020, with sales activity tracking higher in the second half of 2019 and supply starting to tighten across in-demand suburbs.
Office Hours host Damian Stone sits down with Real Estate Institute of Western Australia president and managing director of Momentum Wealth Damian Collins to discuss Perth's residential property market, the genesis of Mr Collins' buyers agency and property syndicator and the potential ramifications of regulatory changes in the industry.
Apartments developer Momentum Wealth will work closely with the Trigg community to shape the design of its boutique project at the Yelo Café site on West Coast Highway, with retention of a hospitality tenancy on the ground floor a top priority.
Buyers' agency and developer Momentum Wealth has braved Perth's patchy apartments market with a new syndicate, raising $6.5 million from investors for a 40-dwelling project in Highgate.
SPECIAL REPORT: The planned redevelopment of the Shenton Park hospital site will add to a string of LandCorp projects boosting residential land supply in the western suburbs.
The Shire of Kalamunda has moved to facilitate more infill development around transport infrastructure, but its proposed planning changes are restrictive and won't achieve the desired results, according to a prominent industry player.
Perth residents want to live in apartments, and not just in the inner city, however, a leading industry lobby group believes the state government's planning regime is leaving them with little choice than to buy houses and land.
Changes to residential development guidelines – designed to ensure density is built in appropriate locations – have the potential to drive up the price of housing, put pressure on existing infrastr
