When a prepared site was converted into the 77-apartment Adara complex near Cockburn in just 11 days late last year, the ‘potential’ for modular construction techniques in Perth became a reality.
Curtin University is expanding its CBD presence to include the Old Perth Boys’ School on St Georges Terrace, planning to use the space for a range of key stakeholder engagement activities.
The state government has been urged to consider other measures to boost revenue rather than increasing property stamp duty, which has become a significant contributing factor in the stalling residential market, according to an influential local property player.
Lakeside Joondalup Shopping City has secured another international brand coup, with H&M to open its first Western Australian store at the mall later this year, ahead of an expected CBD outlet for
Not surprisingly, sales activity dipped this week due to the long weekend which based on REIWA’s historic data does not happen when Australia Day falls between Tuesday and Thursday.
A new location in Bunbury will be the home of the state government’s Department of Parks & Wildlife, with up to 300 employees to be housed at a Koombana Drive headquarters.
Developers are keen to take advantage of new planning guidelines at Scarborough Beach, with the state government-backed $57.5 million revitalisation designed to encourage hundreds of millions of dollars worth of private sector investment.
Local governments are making little headway in hitting the state government’s goal that 47 per cent of new housing development be made in existing areas, according to a progress report on the planning framework, Directions 2031.
Final design works and construction valuations are under way for the long-awaited $70 million DoubleTree by Hilton hotel in Karratha, with building expected to begin before the middle of the year, albeit at a new location, in the Pilbara town’s CBD.
Mining entrepreneur Nik Zuks has put four Perth properties up for sale as he deals with the sharp slump in the iron ore market, which has slashed the value of his flagship company Bellzone Mining plc.
Construction on Chinese developer JianHe Jian Group’s $100 million residential and commercial project opposite Perth Zoo in South Perth is expected to begin later this month, after local builder JAXON
The state government’s new vision for Scarborough Beach includes a town square featuring a host of cafes and restaurants, new boardwalks and recreation areas designed to get people closer to the ocean
Woods Bagot has been ranked seventh in a list of the world’s top 100 architecture firms for the second consecutive year, with the company’s Perth studio emerging as one of its most strategically important.
Apartment developers are shrugging off concerns of oversupply in key markets, a slowing pre-sales environment and falling rental values, pushing on with plans for significant new projects, both in the CBD and suburban areas.
Commercial rents in the Perth CBD have been tipped to fall by 9.4 per cent over the next 12 months, with the Western Australian capital one of only two major Australian cities to experience a contraction in office rental values.
Perth’s residential rentals market is increasingly turning in favour of tenants, with rents continuing to fall and the number of properties for lease rising, according to prominent market analysts.
