Gavin Hegney

MORE than four years after the onset of the GFC, it seems property investors in Perth are still adjusting to the persistently weaker conditions in the Western Australian market.

Business people crowned with the entrepreneur title unsurprisingly hold great passion for their objective and jump headlong into the challenge of making it happen - paying little regard for the endless hours and sleepless nights ahead.

It takes more than a winning idea to be able to call yourself an entrepreneur."An entrepreneur will see things as they could be, or should be, and make it happen"; that's the definition Hegney Property Group founder Gavin Hegney assigns to the (now) commonly used term.

Perth’s residential market is being dominated by house and land packages and apartments, leaving a gaping hole of medium-density housing despite public calls for more dwellings of that type, according to a panel of prominent property executives.

There's plenty of industry confidence in the growth in apartment living, despite some concerns about the short-term outlook.

Is our apartments boom a natural development, or something prompted by over-regulation?

Real Estate Institute of Western Australia president David Airey says local government authorities have lost sight of the big picture in planning and approvals reform, and amalgamation of councils will only exacerbate the issues.

Sales and rentals of established apartments in Perth’s inner city are stalling as the rollout of new stock intensifies.

The Salvation Army’s Western Australian division has recreated a strategic advisory board, about 20 years after the previous one was dismantled, with the new board including several well-known Perth business figures.

National property valuation and advisory firm LMW Group has taken a 10 per cent stake in its Western Australian partner, LMW Hegney, in a move expected to strengthen the partnership between the firms.

Those expecting the massive LNG projects under way in the north-west to ride to the WA economy’s rescue may need to think again.

Property experts have flagged the possibility of a market revival in 2016, warning buyers not to be passive and wait until prices bottom out.

Law firm Gilbert + Tobin is the latest company in Perth to shift address, as firms with expiring leases take advantage of the most tenant-friendly market in 25 years.