News Articles for David Cresp

Strong sales point to a buoyant sector for Perth's developers.

Land developers are increasingly delivering lifestyle villages in WA, but the regulatory framework is stifling progress.

Developers of multi-residential properties are overcoming challenges to push on with projects.

Recent data from Urbis shows that just 19 per cent of Perth apartments that have been approved since 2020 have started construction.

Land developers are embracing inland areas and different housing types in a bid to meet the state's housing needs.

Developers say an increase to land tax concessions should help get more projects out of the ground, but that more needs to be done at a federal level.

The Perth-based developer has reached a major milestone at its $150 million CBD student accommodation tower.

Perth's apartment sales for the 2024 financial year have surpassed $1 billion, a recent report by Urbis shows.

The number of apartments reaching completion in 2024 will be up on previous years, but concerns remain for future supply.

The price of a new block of land in Perth has hit $305,177, as a lack of supply continues to impact the market.

Recent data from Urbis shows apartment supply is increasing, but it is still not expected to meet demand.

Buyers are flocking to the land market, resulting in price growth for developers.

The state's dwelling prices must catch up to the rest of Australia to incentivise more supply, a panel of experts says.

Developments in South Perth have faced many stumbling blocks, but the high-rise precinct is taking shape.

More than half of new land purchasers in Western Australia during the recent quarter were investors, according to Urban Development Institute of Australia WA.

The homebuilding sector has a strong outlook, but there are still challenges to overcome.

The main players pin hopes on pent-up demand for new stock, as interest rates stabilise and buyers begin to accept higher prices.

Developers and government are exploring what needs to occur for apartments to stack up in suburbs adjacent to Metronet stations.

WA's residential housing market has responded to demographic shifts over the decades.

Don Fini is hoping Fremantle's Nightingale project drums up more interest in the model in WA.

WA's predicted population rise has raised both concerns and expectations in the housing market, consulting firm Urbis and Property Council of Australia say.

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.

Our weekly appointments wrap includes Lauren Major, Sean-Paul Stephens, Michael Lundberg, Ashwin Nair, Tom Chaney, David Cresp, Addy Wetzler, Alex Maund, Esme Bowen and Liz Dallimore.

Industry leaders are forecasting a return to equilibrium for WA, as population growth continues and the pipeline of supply gets built out.

Apartment developers are facing increasing costs amid tightening margins and constrained supply.

Market conditions are leading to a proliferation of townhouse developments across Perth.

Urbis says WA's population could rise faster than the government expects, as jobs figures remain at boom levels.

Recent development proposals show WA's build-to-rent market is finally gaining ground.

Land developers experienced strong demand in 2021 but are grappling with supply and labour constraints.

Sales activity in Perth's new apartment market has slowed, as developers flag concerns about rapidly increasing costs amid competition with the residential housing construction sector.

The property group's development of the big Peninsula site has shifted during its two decades of ownership.

Perth's market for new apartments recorded its strongest quarter of sales activity since 2016, according to the latest research from property consultancy Urbis.

Developers are pushing ahead with apartment projects, despite uncertainty clouding construction costs.

Perth's new apartment sales achieved its second highest quarter since Q1 2018, according to the latest data from Urbis.

Perth's new apartment market recorded more than 400 sales during the fourth quarter of 2020, the highest volume recorded for a quarter since 2016, according to the latest data from Urbis.

A shortage of rental stock has emphasised the role build-to-rent property developments could play in housing supply.

The pandemic has accelerated existing issues and trends facing the retail property sector.

Developers are pushing ahead with plans for new projects, hoping recent government initiatives aimed at stimulating the sector will help cushion any further COVID and economic blows.

A series of large-scale residential and commercial projects are expected to get under way in Perth this year with a development pipeline nearing $2 billion in value.

SPECIAL REPORT: Commercial developers are continuing to prepare for more favourable conditions in Perth's office market.