Dan Wilkie rejoined the Business News editorial team as Associate Editor in late 2018, after having spent the previous 18 months launching the now-defunct Australia China Business Review as founding editor-in-chief. While specialising in commercial and residential property writing, Dan also writes across industries and assists editor Mark Beyer in planning and producing Business News' daily emails, fortnightly magazine and website publishing. Dan is a graduate of Curtin University.
Midland Brick is coming back into Western Australian ownership, with a consortium featuring Fini Group, Linc Property and Birchmead acquiring the brickmaker from ASX-listed building products supplier Boral for $86 million.
Residential construction giant ABN Group has received the green light to shift its headquarters from Osborne Park to Leederville, after FJM Property’s $35 million proposal to build on the Leederville Hotel car park site was approved by planning authorities today.
Wholesale changes to Western Australia’s planning system, including a reduction in the number of development assessment panels, a more streamlined Western Australian Planning Commission, and standardised local government regulations have been welcomed as a boost to housing affordability and a catalyst for greater diversity of housing choice across the state.
Home building activity will continue to shrink over the next 12 months in Western Australia, with the state’s residential construction companies having to wait until 2020-21 for any improvements in a sector that has been in decline for a half decade.
A buy-back scheme for Port Hedland property owners adversely affected by iron ore export-related dust is expected to be in place within the next six months, with the costs of the scheme to be borne by mining giants BHP, Fortescue Metals Group and Roy Hill Holdings.
Privately owned property group Canute Investments has launched a $140 million national asset sell-off, including a shopping centre in Perth’s northern suburbs, commercial properties in West Perth and Ellenbrook, and a large residential portfolio.
ASX-listed GDI Property has reported mixed leasing success at its Westralia Square office building, with the state government reducing its commitments in the CBD tower to around 14,000 square metres, down from more than 25,000sqm previously.
Diversified construction giant BGC Australia is consolidating its homebuilding divisions, with BGC Residential and J-Corp’s eleven housing and development brands to be based at a new sprawling headquarters in Osborne Park.
Western Australia’s housing sector has been rated as the least healthy in the nation, however, the Housing Industry Association's twice-yearly Housing Scorecard is starting to indicate the market may be turning.
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.
Perth Airport is paving the way for Western Australia to have a tourism attraction of global significance, setting aside land to facilitate the development of the $510 million Australian Biome Project.