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.
Boutique developer Norup + Wilson is headed to the State Administrative Tribunal to appeal the rejection of its latest proposal, a $39 million, 16-level apartment building near Canning Bridge.
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Perth-based developer Norup + Wilson's latest project The Beach Shack, a 99-apartment development in Scarborough, has been given the green light by the Metropolitan Redevelopment Authority.