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Katie McDonald

Katie McDonald is the property writer for Business News. Katie previously covered the community and arts, education and science sector when she joined the team in 2016, after a brief stint as a recruitment consultant. At the 2017 WA State Media Awards Katie took out the top prize for the Best Culture and Arts Report and was also a finalist for the Best Cadet/New Journalist award. Katie completed a bachelor of commerce at the University of Western Australia in 2015 with a double major in marketing and english studies. 

Cedar Woods, Peet lift profit

Property groups Cedar Woods Properties and Peet have both reported increases in net profit after tax for the first half of the 2018 financial year.

Government moves on planning reform

The property sector has been given its first taste of the latest changes to the state’s planning systems, with experienced town planner and urban designer Evan Jones revealing his initial ideas at a recent Urban Development Institute of Australia event.

LKD’s $40m East Perth project under way

Boutique property player LKD Development Group has taken the next step in delivering its latest project, appointing Jaxon to commence construction of its nine-storey residential development on Tully Road in East Perth next month.

People Moves: McLean retires, Ardagh back

Master Builders Association WA executive director Michael Mclean has announced plans to retire at the end of this year while former Perth business director Suzanne Ardagh has been appointed to lead Lester Blades’ board advisory service.

MRA approves new Scarborough apartments

Perth-based developer Norup + Wilson’s latest project The Beach Shack, a 99-apartment development in Scarborough, has been given the green light by the Metropolitan Redevelopment Authority.

Foreign investor eyes student accommodation opportunities

Singaporean company Wee Hur Holdings is set to join Perth’s wave of student accommodation developments, following today’s announcement it has recruited Sydney-based Intergen Property Group as the fund’s onshore investment manager with a $700 million mandate to find new development opportunities across Australia.

MBA maintains, builds on roots

From skills shortages and new regulations to policy formation and industrial disputes, the Master Builders Association has played an important role in advocating for the state’s building and construction industry since 1898.

Dexus plans $165m office revamp

Commercial property owner Dexus has budgeted to spend $165 million on 240 St Georges Terrace, with works to commence in 2019 following the departure of the building's largest tenant Woodside.

Growth in land sales, prices

Signs of recovery across Perth’s property market continue to emerge, with the latest figures from the Urban Development Institute of Australia showing land sales were up 4 per cent for the December 2017 quarter.

CBD vacancy rate hits 24-month low

Perth’s CBD office market vacancy is improving, but there’s a growing gap between different market segments, with premium product luring tenants at the expense of lower-grade stock.

Buckeridge property sells for $43m

Singaporean-listed OKP Holdings has made its first foray into Australia, via the purchase of an East Perth property for $43.5 million from BGC directors Andrew and Sam Buckeridge.

Online trade shifts hours debate

As part of the 25-year Business News anniversary, we take a look at how the retail trade debate has changed.

Hera innovates with high-rise

Matteo Tirapelle is a keen advocate of high-rise construction in Perth, taking a resourceful approach to structural engineering that promotes the use of alternative materials such as timber.

Sense of place in stadium design

The team behind Optus Stadium wanted to make sure the venue’s design had a distinctly local flavour.

CBD office market bounces back

Early signs of recovery are starting to emerge across Perth’s CBD office market, with vacancy rates falling below 20 per cent for the first time in two years, according to the Property Council of Australia.

Fun park rides on $40m investment

Adventure World has become a major tourism attraction during its 35 years of operation, and there are no signs the business is slowing down.

GM Property sells industrial asset for $31m

Perth-based GM Property Group has sold its 4.1-hectare industrial site in Blackburn Victoria to east coast investment group Forza Capital for $31.5 million, on a passing yield of 6.6 per cent.

Managing infill-greenfield mix

SPECIAL REPORT: LandCorp is boosting land supply across Perth’s established suburbs, but it’s just a small step towards achieving long-standing goals for urban infill.

Acquisitions fuel Urban growth

SPECIAL REPORT: Urban Quarter has taken a counter-cyclical approach in building its project pipeline, securing more than $70 million worth of freehold land developments in the past four years.

Developers sense a shift in sentiment

SPECIAL REPORT: Another tough year has failed to dampen the spirits of many in WA’s land development sector, with key players gearing up for a brighter 2018.

Mark my words podcast

PODCAST: In this Business News podcast Mark Pownall, Matt Mckenzie, and Katie McDonald discuss the Quintis collapse, Wheatstone’s environmental conditions, Doric’s Chinese joint venture, wage gap battle, Fringe festival and land developers.

Doric breaks new ground with China Wu Yi

Complementary objectives, skills and strategies are at the core of a new joint venture that’s aiming to shake-up the local construction industry.

Investors move on Perth seeking value

Foreign investors are making their mark on Perth, accounting for more than half of the purchases in the CBD office market in the past two years, according to Savills Australia.

Flux expands, innovates

The finishing touches are under way at the fitout for Flux’s two new floors at Parmelia House, which feature a shift away from full open plan.

Stockland gets green light for new shopping centre

ASX-listed property group Stockland is set to develop its fifth shopping centre in Western Australia after receiving state and local planning approvals for its Whiteman Edge Town Centre in Brabham.

Conditions improving for industrial property

Confidence is building among the state’s industrial property players, despite persistent market challenges.

TRG Properties selected for Parkside Walk

Local developer TRG Properties has secured the largest development site at LandCorp’s urban infill project in Jolimont, with plans to build 46 luxury apartments already under way.

Liv Apartments recognised for sustainability

A Defence Housing Australia apartment project in Fremantle has become the state’s third property development to be recognised as a One Planet Community, under the international Bioregional program.

North-west aviators take opportunities

Regional air service providers and sister companies Aviair and HeliSpirit are benefiting from a decision to increase the size of their fleets in recent years, flying more than 36,000 people across the Kimberley, Pilbara and Northern Territory during 2017.

Business confidence boost for property

Some in the state’s property sector are confident it has turned the corner, and are expecting further signs of improvement across 2018.

Thomas rebuilds his business in Perth

Alan Thomas faced a binary choice in 2015 to either wind down his business following the slowdown of activity in the company’s prime north-west market, or reinvent his building enterprise.

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Cedar named 40under40 First Amongst Equals

Gumala Aboriginal Corporation executive officer Jahna Cedar has been named the 2017 Business News 40under40 First Amongst Equals, taking the top honour ahead an impressive field of Western Australia’s young business and community leaders. 

Stockland strikes $91m deal

ASX-listed property group Stockland has invested $91 million in the purchase of more than 4,600 residential lots across three metropolitan corridors in Perth, comprising a total 385 hectares of land.

Perth house prices tipped to grow by 2020

Perth’s house prices are forecast to grow by 3 per cent over the next three years, according to QBE Insurance Group’s latest Housing Outlook Report for 2017-2020.

The Marina, Mindarie named WA's best venue

The Marina, Mindarie was named Perth’s best hospitality venue at last night’s Western Australian Hospitality Awards for Excellence, joining the State Buildings and Print Hall as the most recent winners of the prestigious award.

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Disputed claims over Scarborough knock-back

The Metropolitan Redevelopment Authority has disclosed that the majority of public submissions on the $450 million Iconic Scarborough development supported the project, but said all government agencies and utilities it consulted, with the sole exception of Tourism WA, opposed it.

MRA knocks back $450m Scarborough twin towers

The Metropolitan Redevelopment Authority has rejected a $450 million proposal for two towers near Scarborough beach with the developer behind the project, 3 Oceans Property, saying the decision was a missed opportunity to show courage and vision.

Coffee pods connect to charities

A new online coffee pod business with a focus on charity giving was launched in Perth last night.

Artists get creative on sales

With fewer exhibition opportunities or prospects of gallery representation, local artists have diversified their approach to the market.