Realmark

REALMARK was last week named as the most successful real estate agency in Western Australia, when it received awards in four categories at the Real Estate Institute of Western Australia’s annual awards.

A WELL-KNOWN Perth family is understood to be the new owner of a significant swathe of Oxford Street after paying $9.5 million for four of Leederville’s most high-profile shopfronts.

Three Western Australian real estate companies were honoured at the Real Estate Institute of Australia’s national awards last night.

Property experts tell WA Business News forum they see signs of a more sustainable and realistic sector emerging in the state.

IT’S slow, it’s uncertain and it’s costly. That’s how property industry players describe the processes for gaining approvals for new developments.It doesn’t matter if the development is in the outer suburbs or the inner city – the same problems keep recurring.

DEMAND for medium and high-density dwellings and a cosmopolitan lifestyle in the suburbs is growing, but residential developers warn that the high building cost associated with multi-storey developments is drastically reducing their affordability. 

Property experts are divided on the question of how much housing is needed to meet WA’s growing population.

Developer GM Property Group has received planning approval for a $16 million office building in South Perth.

Real estate agency Realmark has opened a new office in Nedlands headed by Emma and Adam Gilbert.Matthew Southgate has been appointed as an investment sales associate at Realmark Leederville, while Leanne Neufield and Carol Dovey have joined as sales associates in Applecross.

Static home values are making residential real estate a tricky proposition for investors.

The eastern edge of Northbridge is emerging as Perth’s next hotspot for apartment development with four new projects proposing more than 600 dwellings or hotel rooms seeking approval.

The mining slowdown has resulted in a shortage of leased industrial property investment opportunities, according to Realmark Commercial.The commercial agency has listed a Clune Street property in Bassendean, leased by AusGroup subsidiary MAS Australasia, for sale.

Realmark has announced the appointment of former Metcash WA general manager Paul Slaughter to the newly created role of chief operating officer, following earlier internal restructure at the company.

Construction works have begun on a $30 million, 14-storey hotel at the old Julio’s Restaurant site in West Perth, another around the corner on Walker Avenue has been approved to go ahead, while a vacant CBD site earmarked for a $47 million hotel has changed hands in a deal worth $17 million.

A Prominent Perth real estate agent has predicted it will soon take significantly longer than two months to sell a house in the metropolitan area as listings continue to rise, sparking greater competition among sellers.

Developers and real estate agents are embracing virtual and augmented reality technology, as well as sophisticated video animations, to ensure listings stand out in what is becoming an increasingly crowded residential property market.

Perth's falling median house price may be causing doom and gloom for property owners, but two top agents say current market conditions represent a perfect time for potential buyers either to get a foothold on the property market or upgrade their position.

More than 800 Western Australian real estate agents have signed up to join followit, an app designed to bring a social media-style interface to property advertising.

SPECIAL REPORT: Developers, buyers and tenants are eyeing mixed-use precincts across Perth’s suburban property market.