After a lengthy period of stagnation, Perth’s office sales market last year broke all previous records with unpredicted momentum generated by a shortage of supply and rising rents.
Two of Perth's property development heavyweights continue to lock horns over Axiom Properties Ltd, which owns a 40 per cent stake in the Port Geographe canal development just north of Busselton.
Australia's corporate watchdog has sought to wind up Westpoint Group parent company Westpoint Corporation Pty Ltd after its auditors revealed an alleged $69 million deficiency in assets.
The East Perth Redevelopment Authority’s (EPRA) revamped Riverside first stage offering has had more success than the failed September launch, with 11 companies progressing to stage two of an expression of interest process.
The state government is leading the charge to change Perth’s skyline, this week announcing the short listed developers for 140 William Street and unveiling the redevelopment design for the Old Treasury Buildings.
Demand for land at LandCorp’s upmarket Minim Cove development in Mosman Park continues, with buyer interest in an early December release outnumbering available lots by four to one.
After a rapid turnaround in the commercial property sector during the past year, property commentators are forecasting a bumper five years ahead, with the market riding on the back of the bounding resources economy.
Listed property group Stockland has filed a development approval to construct a $23 million shopping centre in Baldivis with the intention of increasing its retail presence in Western Australia.
Property development heavyweight Westpoint has hit back after a two-week battering by the Australian Securities and Investments Commission with claims ASIC is destabilising the industry and not pursuing the interests of investors.
The good times are continuing in the Perth office market, with almost $400 million worth of CBD property changing hands this year and local investors weighing in heavily alongside interstate and international buyers.
Western Australia’s residential property market continues to defy the national trend, with median house prices crashing through the $300,000 barrier in the September quarter this year and house values increasing a massive 17.7 per cent on the same period
The Property Council of Australia and the Sustainable Energy Development Office have entered into a memorandum of understanding regarding a partnership to promote energy efficiency in the property sector.
The Perth office of Woodhead International has won an international paid design competition for a $A600 million mixed-use development in Islamabad, Pakistan.
The wealthy and private Caratti farming family has been linked to a major CBD office deal of this year, the $11.3 million purchase of 218 St Georges Terrace.
As Australian wine companies retreat from the use of European geographic regions in relation to their products, one Western Australian wine producer has managed to hold firm.
Although the state government has voiced its support for foreshore development, the controversial issue of coastal development seems to have died down after the government introduced a height policy earlier this year.