Momentum Wealth

The Real Estate Institute of Western Australia council has elected Damian Collins as its new president.

Apartments developer Momentum Wealth will work closely with the Trigg community to shape the design of its boutique project at the Yelo Café site on West Coast Highway, with retention of a hospitality tenancy on the ground floor a top priority.

Office Hours host Damian Stone sits down with Real Estate Institute of Western Australia president and managing director of Momentum Wealth Damian Collins to discuss Perth’s residential property market, the genesis of Mr Collins’ buyers agency and property syndicator and the potential ramifications of regulatory changes in the industry.

Fresh data on Perth’s residential property market points to a long-awaited recovery in 2020, with sales activity tracking higher in the second half of 2019 and supply starting to tighten across in-demand suburbs.

Developers have made progress on a pair of near-city apartment projects, with construction starting on a $15.5 million complex in Highgate by Momentum Wealth, while Willing Property has secured approval for its Clifton & Central project in Mount Lawley.

Property investors believe Perth has the strongest potential for growth of any capital city in Australia during the next three years, according to a new national survey.

Perth’s real estate leaders say the residential property market is shaping up to be more resilient to pandemic-induced fluctuations than initially anticipated.

Perth’s residential rental market vacancy rate has dropped to 1.6 per cent - the lowest vacancy rate since March 2008, according to the Real Estate Institute of Western Australia.

Perth's residential property market is topping Google searches nationwide, with those results starting to reflect buyer demand.

Perth’s residential vacancy rate continued to decline over September to 0.96 per cent – only the third time in 40 years it has fallen below 1 per cent.

The state government has purchased 32 off-the-plan apartments across Perth as part of its $319 million Social Housing Economy Recovery Package.

Momentum Wealth has purchased a riverfront site along Mounts Bay Road, where it plans to develop eight boutique apartments.

Perth house prices jumped 1.1 per cent last month and are selling at the fastest rate since 2006, new data released today shows.

Nicheliving is among a growing number of players spending up big on properties across the western suburbs.

Pindan has started construction on Momentum Wealth’s 36-apartment project, which forms part of the state’s governments social housing package.

A long-running dispute over a four-storey development at the site of popular northern beaches cafe Yelo appears to have been brought to an end today after the proposal was refused.

Australian investors have voted Perth as the best capital city market to purchase property, according to Momentum Wealth’s annual survey.

Administrators from EY have been appointed to various Pindan Group companies from 5pm this afternoon.

Momentum Wealth’s $18 million proposal to develop 62 apartments across two six-storey buildings in Shenton Park has been approved.

A $4.75 million plan to build a four-storey development at the site of popular northern beaches cafe Yelo will be considered for a third time, but without the cafe.

Two years and 12 design iterations later, Momentum Wealth has been given the green light to build a $4.75m development at the site of northern beaches cafe Yelo.

Local property funds are casting their investment nets wide, as they seek to navigate increased competition for traditional assets.

Recent transactions show investors are coming back to WA after a significant drop.

Investor lending in WA has risen 95 per cent in the 12 months to November 2021.

A spat between coastal residents and the decision-making body which approved the Yelo site development has escalated to the Supreme Court, with a trial planned in May.

Construction costs for Momentum Wealth’s proposed six-storey apartment block in Shenton Park have gone up by millions of dollars, nearly 40 per cent up from its initial estimate.

Amendments for a six-storey $25 million Shenton Park apartment block have been approved as the development's costs risen nearly 40 per cent from the initial estimate.

Perth voted the preferred national capital to invest in property in the next 12 months.

A trial between a residential group and developers of an apartment block at Yelo cafe site in Trigg will take twice as long as expected to sort out the issues.

A Supreme Court trial over an apartment proposal at the Yelo cafe site has come to an end after resident group Too Big for Trigg dropped its application.

The biggest local fund managers developed their reputations decades ago.