The prominent apartment developer says the government is squeezing out the private sector by investing in construction projects during a period of high economic activity.
The ASX-listed developer has resurrected the apartment component of its Subiaco Incontro development, three and a half years on from when it was approved.
The federal government's ambitious target of building 1.2 million new homes by 2029 is fanciful, according to a leading residential builder, as crippling skilled labour shortages persist.
Property developer Cedar Woods has posted a $40.5 million net profit, a result far exceeding its guidance range and a 28 per cent uptick on the previous year.
Cedar Woods Properties has partnered with Tokyo Gas to develop a 9,784 square metre site in Subiaco that has been earmarked for hundreds of apartments.
The property developer posted a $31.6 million profit for FY23, down from $37.4 million last year, but is seeing promising signs of growth into the next financial year.
Land developer Cedar Woods Properties has cut its financial year profit forecast due to construction delays it claims are showing signs of stabilising.
A Property Council study into transit-oriented housing has identified Bayswater as the only Metronet station precinct ripe for development, with an emphasis on high-value areas.
Cedar Woods has booked a 12 per cent increase in presales compared with this time last year, but says rising interest rates are keeping a lid on overall sales volumes.
Construction is set to begin at Cedar Woods' $100 million Eglinton Village, as the state government flags the possibility of more delays in bringing the train line to Yanchep.
Leading developer Nathan Blackburne has painted a more positive picture than many of his peers, saying build costs are expected to decrease and labour availability will improve next year.
Cedar Woods Properties' bid to redevelop land surrounding the Swanbourne train station has progressed, but further details over development scope and scale are yet to be disclosed.
Cedar Woods Properties has posted a net profit of $22.4 million for the first half of the 2021 financial year, up 120 per cent on the same time last year.
Subiaco is set for resurgence, but it will take a coordinated approach from landlords, developers and council to take full advantage of its more than $500 million pipeline.
Property developers Cedar Woods and Peet have posted their full year results, with both disclosing the impacts of COVID-19 on sales and construction starts.
Cedar Woods Properties has completed a $26 million sale of a commercial asset at its Williams Landing estate in Melbourne, with the recently completed Emergency Communication Facility sol
SPECIAL REPORT: WA's residential land developers are cautiously positive the market is rebounding, but likely economic disruption from the COVID-19 pandemic could press pause on the recovery.
Cedar Woods Properties is targeting a stronger second half of FY2020 after recording an expected profit dip in the first six months of the financial year, while Stockland said its results were also in line with expectations, with its earnings also weighted towards the second half.
The state government is making a major push for more medium-density housing, but market conditions and community sentiment loom as major hurdles for developers.
Cedar Woods Properties has acquired a 43-hectare site in Melbourne's north for $56.65 million to accommodate a master planned community of more than 500 lots.
Cedar Woods Properties is preparing to launch a second urban infill project in Perth, after entering an agreement to acquire a 12.4-hectare site in Hamersley for $21.2 million.
Cedar Woods Properties is gearing up to launch its first infill development in Western Australia, after agreeing to acquire a development site in Subiaco for $15 million.
SPECIAL REPORT: Battered by the biggest downturn to hit the property sector in decades, WA land developers remain in survival mode as they await an expected recovery.
