Perth businesspeople are surprisingly prominent on the latest BRW young rich list, with a local apartment developer ranked number three with an estimated fortune of $536 million.
MLG Realty boss Marcus Gilmore is refocusing his efforts on his real estate business, which specialises in apartment sales, putting the Newman Hotel up for sale.
Beyond the golden mile of Kings Park Road, a transformation is taking place in West Perth as developers pour money into the once-unfashionable end of the suburb.
ASSET Special Projects and FDPSavills have been appointed joint agents to market the St Thomas Square subdivision in Subiaco.The urban infill development opposite Kings Park is comprised of 30 lots on the 1.4-hectare site.