Off-the-plan apartment buyers in Western Australia will receive a 75 per cent rebate on stamp duty for the next two years, capped at $50,000, under a stimulus package unveiled by the state government today that has been roundly welcomed by the development industry.
Blackburne has added to its upcoming project pipeline in Perth's blue-chip suburbs, after acquiring a prominent site on Stirling Highway from aged care provider Amana Living.
SPECIAL REPORT: Developers are leaving market uncertainty in the past and focusing on design and amenity to guide the next wave of Perth apartment projects.
Demolition work has started at Subiaco's Pavilion Markets, as developer Blackburne gears up for a marketing launch of its $235 million apartments project later this year.
Confidence is returning to Perth's apartment sector, with a surge in sales motivating developers to advance new projects, driving the highest level of approvals in the past three years.
UPDATED: Gina Rinehart, Andrew Forrest, Kerry Stokes, Bianca Rinehart and Angela Bennett are the wealthiest people in Western Australia, according to a new rich list.
Apartment developer Blackburne's $235 million plan to redevelop Subiaco's Pavilion Markets site has received final approval from planning authorities, paving the way for a formal marketing launch next month and a potential construction start by early next year.
SPECIAL REPORT: Paul, Nathan and John Blackburne are proving that they don't have to work for the same company to leave a family legacy in Perth's property industry.
Property group Blackburne has released further details of its planned development of the Pavilion Markets site in Subiaco, with its plans including a reduced number of apartments spread across three buildings.
Apartment developer Blackburne is proceeding with its Marina East project on the Ascot marina, with a construction contract awarded to local builder Georgiou Group.
Apartment developer Blackburne has sketched out ambitious plans for one of Perth's most contentious properties, after paying $25 million for the Subiaco Pavilion Markets site.
SPECIAL REPORT: Confidence is returning to the state's apartment market, with developers seeking to boost their project pipelines. Click through to see our map with 30 apartments projects across Perth and our updated ranking of Property Developers.
Perth's first pop-up apartment installation at Forrest Chase has been extended for one more day, offering visitors the chance to win a free month's stay at the Oracle apartments on Stirling Street as part of a 12-month social experiment.
Community acceptance of tall buildings has come a long way in Perth, but developers still face significant challenges in their efforts to add density to near-city suburbs.
Developers are seeking to exploit new niches in Perth's residential apartment market, with slow sales and patchy project launches likely to lead to supply issues in the near future.
Apartments specialist Blackburne achieved $62 million worth of sales in one weekend at its latest project in Claremont, with the results confirming strong demand for western suburbs apartments.
An improved iron ore price delivered huge boosts for mining magnates Gina Rinehart and Andrew Forrest, who were two of the three Western Australians to feature in the top 10 on the nation's best known rich list.
Frustration is mounting among developers in South Perth as they are forced to reassess projects after the second major change to the suburb's town planning guidelines in the past six years.
Perth's median house price is on the verge of upswing in 2017, as a stabilising labour market and surging commodity prices drive marked improvements in consumer sentiment.
The state's businesses leaders are optimistic about improved conditions in the year ahead, according to feedback from the annual Business News chief executive survey, with tax reform identified as a priority issue whichever party is in government after the March poll.
Blackburne has become the latest developer to buy into LandCorp's Claremont on the Park, unveiling a plan to build 123 apartments and 1,950 square metres of commercial space on one of the landmark
Construction has begun on Blackburne's 22-storey, 140-apartment Oracle project on the outskirts of the CBD in Northbridge, the first building to start in a proposed wave of development around Stirling Street worth just less than $1 billion.
Prominent land developer Nigel Satterley has predicted more pain to emerge from Perth's apartments market, forecasting widespread price falls and more projects to fail as pressure builds on developers.
Blackburne managing director Paul Blackburne was last night named the 2016 Business News 40under40 First Amongst Equals, ahead of a talented and diverse field of candidates.
SPECIAL REPORT: Apartment projects typically rely on streamlined, slick marketing techniques to attract and secure buyers; now, however, developers are turning to technology not only in their advertising, but also in their building design to establish a point of difference.
SPECIAL REPORT: New players have big ambitions in Perth's apartment market, with listed company Finbar Group and Golden Group heading our ranking of the biggest developers.
SPECIAL REPORT: Developers say Perth's apartment market is the most challenging it's ever been, but that hasn't stopped a groundswell of interest in big projects. Click through to see our listing of Perth's 30 largest developments.
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.
