Property

Creating a tourism precinct on the southern side of Fremantle Port has again been floated as a possibility, after the City of Fremantle put out the call for government and private sector support for its next wave of development opportunities.

Singapore-listed property developer Oxley Holdings has embarked on a mission to get a foothold in Australian property, acquiring 40 per cent of local development and construction group Pindan for $32 million.

A snap poll of residents in South Perth has revealed strong support for development in the area, despite activism against the high-rise project plans.

Construction will start later this week on Defence Housing Australia’s 166-dwelling Liv Apartments in Fremantle, after Georgiou Group was appointed as DHA’s building contractor.

A South Perth resident group claims a Court of Appeals decision to uphold the quashing of a development approval on Mill Point Road confirms the original intent of the suburb’s town planning scheme, but the developer behind the proposal says the judgement only highlights problems with development guidelines in the area.

Unions have been put on notice with the revival of the Australian Building and Construction Commission, as the building sector celebrates the what it says is the return of law to the industry.

Experienced Perth business executive Dario Amaria has spoken to Business News about his plans to revive one of Western Australia’s oldest building companies. 

Real Estate Institute of Western Australia boss Hayden Groves says residential leasing activity continues to improve across the Perth metro area, as the central sub-region’s median rent falls to $380 per week.

Sales activity was up over the week, with Reiwa members reporting an increase in weekly sales to 659. The overall 17 per cent increase in weekly sales is attributed to a 15 per cent increase in sales for houses, 11 per cent for units and 49 per cent for vacant land.