Property

A collaboration between Victor Goh’s AAIG and Adrian Fini’s private development firm, Fini Group, plans to develop apartments and a hotel at Elizabeth Quay, after offering $85 million for two lots.

Western Australia’s regional rental market was the weakest performer in the country in the last three months of 2015, with the Pilbara area taking a large share of the blame.

Apartment developer Finbar Group has been given the go-ahead for a $77 million, 194-dwelling project in Belmont, with construction set to begin next year.

Property experts have flagged the possibility of a market revival in 2016, warning buyers not to be passive and wait until prices bottom out.

Apartment development at the northern gateway to Fremantle is gathering momentum, with listed player Mustera Property Group joining the fray, more progress for projects along Queen Victoria Street, and a $20 million, 71-apartment development application being lodged for a project on Beach Street.

Architecture firm Woods Bagot will shift its Perth studio to the Palace Hotel on St Georges Terrace in May, after overseeing a comprehensive restoration of the historic building that will also incorpo

Melbourne-based developer ICD Property has supersized plans for an apartment development at the old Megamart site on the fringe of the CBD, flagging two towers that would become the fourth and fifth-tallest buildings in Perth.

Perth dwelling values took a surprise positive turn in the last month of 2015, but a property analyst predicts growth in the local housing market is still at least a year away.

Listed sandalwood producer TFS Corporation and China-backed Kimberley Agricultural Investment have been selected as the preferred proponents to develop 5,000 hectares in the Ord River irrigation area.