Vacancies are rising rapidly in the residential leasing market, while at the same time median rents are falling; but that's just the market returning to normal from its recent highs, according to a prominent local property player.
Developers are tipping the next wave of demand for apartment projects to come from two very disparate demographics – baby boomers close to retirement and generation Ys looking to get on the first rung of the property ladder.
Our annual Apartment Developers feature discusses the oversupply debate of apartments in Perth's inner city, the government's proposed changes to strata titles, and the next wave of demand for apartment projects.
Western Australia is increasingly on the radar of Chinese property investors, with commercial agents and developers hoping to replicate the success of their Sydney and Melbourne counterparts in sourcing significant capital from this cashed-up cohort.
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.
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, accord
SPECIAL REPORT: Concerns have been raised over the sustainability of Perth's apartment construction boom, with prominent industry players suggesting Rivervale in particular is in danger of oversupply.
Influential property developer Nigel Satterley has warned Perth's apartment market is in danger of overheating, with excess supply a danger for investors buying off-the-plan.
One of Perth's largest apartment projects by value is due to be launched in coming weeks in Rivervale, testing demand and pricing in what has become a development hot spot.
Resources sector professionals are choosing to live in the inner city instead of the urban fringe, contrary to traditional notions that fly-in, fly-out workers prefer to live in the outer suburbs.
The supply of apartments in Perth's western suburbs will increase rapidly this year, with TRG Properties, Georgiou Living and Blackburne Property Group set to launch new projects during the next three months.
Blackburne Property Group has passed major development milestones on three of its projects, with the most significant being planning approval for what will be one of the largest apartment developments in Perth's western suburbs.
A five-storey, 204-apartment proposal by Blackburne Property Group has been refused planning approval by the Metro West Joint Development Assessment Panel.
Property developer Paul Blackburne is finalising plans for a major apartment development in Swanbourne, after completing the purchase of a site on Alfred Road.
BLACKBURNE Property Group is stepping up its development activities, with the launch this month of a $44 million apartment project in East Perth and a further two projects in the inner suburbs on t
Blackburne Real Estate is bracing for a big year ahead, with a new name and fresh image to be part of its planned push into east coast and international property markets.
After four years of nearly full-time volunteer work for a not-for-profit organisation, and driven by the desire to be in a position to contribute to aid and education on an intern
