Property

THE developers of what will become Perth's tallest residential tower remain confident the project will be completed by the end of the year.

Property developer Nigel Satterley believes the Perth residential property market is virtually at the bottom of its downward cycle, with increases to the first home owners grant and the drop in interest rates injecting some stimulus into the market.

Property prices in most capital cities including Perth have plummeted in the September quarter, with house and unit prices flattened or posting negative rates of return in the past 12 months.

THE growth of retail space in suburban Perth shows little negative signs of the global financial meltdown, as shopping centre operators and traders hold their collective breath that public spending in the approach to Christmas will be at, or near, last ye

THE state government plans to release a draft revision of a controversial policy which caps shopping centre growth, which has been described as out of touch with residential expansion in new growth areas, early next year.

AS the credit crunch hits real estate investment trusts, the spotlight has turned to the strength of Victorian-based Becton Property Group, which has a number of holdings in the central business district - including a stake in 111 St Georges Terrace.

Work to start on Victoria Quay A START will be made in the first half of 2009 on one of Perth’s most controversial construction projects, the commercial precinct at Victoria Quay overlooking the Frema

Perth has recorded the biggest fall in house prices over the past year as latest figures from the Australian Bureu of Statistics confirm a slowdown in the national housing market.

THE buoyant economic conditions that prompted the recent wave of new retail developments in the Perth CBD are starting to turn, and while inquiries from retailers remain strong, a downturn in retail spending may dampen demand.