PROPERTY developer Mirvac Fini has purchased a development site in the riverside suburb of Maylands, joining the trend to move apartment developments out of the city into the eastern riverside precincts.
DECENTRALISATION of tenants to suburban locations and the downsizing in corporate organisations has caused the Perth CBD office market to experience a negative net absorption over the past three years to September 2003.
PERTH property owners are overpricing their properties by up to 10 per cent in the expectation that house prices will rise by over 20 per cent during the coming year, according to Hegney Property Valuations.
RESPONDING to the recent sales success of its first release of apartments in the Allegro residential tower, Mirvac Fini is moving quickly to release the second stage of The Peninsula to the property market and finally begin construction on site.
AFTER 17 years in the real estate game, most of it selling and leasing homes to overseas business executives and retired couples, a Perth businesswoman is taking a novel approach to business integration.