Dan Wilkie is chief of staff for the Business News editorial team, overseeing the news and feature pages of the print publication. His main reporting round is property, including areas such as building and construction, architecture and residential real estate. He also follows hospitality and tourism. Dan is a graduate of Curtin University.
Crown Towers Perth has emerged as Western Australia’s standout construction project, with the ultra-luxury hotel on the Burswood Peninsula winning two major categories at the Master Builders Association’s annual excellence in construction awards.
Retail landlord Hawaiian will spend $5 million bringing one of the oldest shopping centres in its portfolio up to date, with work to start on a redevelopment of the 45-year-old Melville Plaza later this month.
A growing chorus of major voices in Perth’s commercial property sector is suggesting the worst of the recent period of sluggish activity may be over, with consistent demand for space and renewed investor interest indicating the marketplace is on the improve.
More than 40,000 square metres of space in suburban office buildings have been vacated during the past 12 months, a result driven more by companies downsizing rather than growth in the number of firms moving to the CBD.
Plans to redevelop the Hyatt Regency Perth include a public plaza, an art gallery, a theatre and performance space, new food and beverage tenancies, a supermarket and end-of-trip facilities open to the public, according to documents to be assessed by planning authorities next week.
Perth's historic Piccadilly Theatre will be left untouched while the arcade in which it is located undergoes redevelopment, with the mall’s owners putting a proposal to revive the theatre on hold after the City of Perth refused to financially back the plan.
Western Australia’s biggest builders are facing higher insurance costs, in some cases understood to be as high as 25 per cent more, as the Building Commission moves to reduce the reliance on taxpayers to foot the bill for failures in the sector.
In this Business News podcast Dan Wilkie and Mark Beyer discuss the state budget, fees and charges, skilled migration, the outlook for Perth property, new mining projects, the roadhouse blues, and indigenous business.
Property analyst BIS Oxford Economics believes there is limited upside for residential property in Perth and says the market has yet to bottom out, contrary to the widely held view that the worst is over for Perth homeowners.
UPDATED: Residential construction outfit Builton Group is closing its doors, after staff were told not to come to work on Monday, while an announcement that the company has been placed into administration expected later today or over the weekend.
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.