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Savills

Perth childcare centre sells for record yield

Business News Business News
24 Feb 2020

A new childcare centre in North Coogee has been sold off-market to a syndicate arranged by Perdaman for $7.1 million.

Cedar Woods Properties

Cedar Woods, Stockland flag stronger second-half results

Dan Wilkie Dan Wilkie
19 Feb 2020

Cedar Woods Properties is targeting a stronger second half of FY2020 after recording an expected profit dip in the first six months of the financial year, while Stockland said its results were also in line with expectations, with its earnings also weighted towards the second half.

Knight Frank Australia

Iluka Beach: upscale for downsizers

Dan Wilkie Dan Wilkie
19 Feb 2020

A focus on the emerging downsizers market and collaboration with some established firms has proved a successful strategy for one of Perth’s newest developers.

Yolk Property Group

Work starts on Freo apartments, Beechboro shops

Dan Wilkie Dan Wilkie
18 Feb 2020

Work has begun on a Fremantle apartments project that promises to enliven the port city’s east end, while a $6.8 million redevelopment of Beechboro’s Altone Park Shopping Centre has also kicked off.

Finbar Group

Developers still wary in South Perth

Dan Wilkie Dan Wilkie
18 Feb 2020

Recent planning decisions have been positive for developers in South Perth, but several major players have cautioned that significant challenges remain in the near-city suburb.

Property Council of Australia WA Division

Industry calls on Labor, Libs to unite on stamp duty

Dan Wilkie Dan Wilkie
14 Feb 2020

Property industry lobby groups have called for a bipartisan approach to maintaining stamp duty rebates in the apartments sector, after a robust debate in parliament yesterday revealed the Liberal opposition as a critic of the tax cut.

Housing Industry Association

Perth land prices rising fastest in Australia: HIA

Dan Wilkie Dan Wilkie
14 Feb 2020

Residential land prices are rising faster in Perth than any other capital city, in the latest indication that a recovery in Western Australian property is taking hold.

Real Estate Institute of Western Australia

Investors target Perth potential

Dan Wilkie Dan Wilkie
14 Feb 2020

Property investors believe Perth has the strongest potential for growth of any capital city in Australia during the next three years, according to a new national survey.

City of Subiaco

Saffioti responds to infill outcry

Dan Wilkie Dan Wilkie
13 Feb 2020

Planning Minister Rita Saffioti’s decision to allow for higher density around Daglish and Shenton Park train stations has been described by the state opposition as chaotic and erratic, but the minister says any new development will be at an appropriate scale and respect the local character and context.

Iris Residential

Pindan secures Iris Residential's Jolimont build

Dan Wilkie Dan Wilkie
11 Feb 2020

Construction will start within weeks at Iris Residential’s $50 million One Mabel Park boutique apartments complex in Jolimont, with Pindan appointed to carry out the works.

Housing Industry Association

Solid growth in WA housing finance

Jessica Mascione Jessica Mascione
11 Feb 2020

New housing finance data is painting a positive picture for Western Australia’s residential property sector, with both the value and the number of loans increasing in the last three months of 2019.

Primewest

Post-IPO Primewest diversifies

Dan Wilkie Dan Wilkie
11 Feb 2020

Primewest is diversifying its portfolio into agricultural assets, fresh from announcing it would spin-out five office properties in Perth and Brisbane into a new ASX-listed trust.

Momentum Wealth

Movement on apartments for Momentum, Willing

Dan Wilkie Dan Wilkie
10 Feb 2020

Developers have made progress on a pair of near-city apartment projects, with construction starting on a $15.5 million complex in Highgate by Momentum Wealth, while Willing Property has secured approval for its Clifton & Central project in Mount Lawley.

Tattarang

Minderoo presses reset on Cottesloe upgrade

Dan Wilkie Dan Wilkie
07 Feb 2020

Andrew Forrest’s Minderoo Group is heading back to the drawing board on its plan to redevelop Cottesloe’s Indiana Tea House, after the local community expressed little desire to see an architectural jury’s preferred design become reality.

Jaxon

UWA targets April start for Forrest Hall stage two

Dan Wilkie Dan Wilkie
06 Feb 2020

Construction work will start in April on the $35 million second stage of the University of Western Australia’s Forrest Hall, with local building firm Jaxon appointed to carry out the works.

DevelopmentWA

Sustainability standard at Knutsford

Dan Wilkie Dan Wilkie
06 Feb 2020

Sustainable building practices have moved past being a niche marketing tool to a buyer expectation, according to boutique apartments developer OP Properties.

Property Council of Australia WA Division

Office market gaining steam as recovery takes hold

Dan Wilkie Dan Wilkie
06 Feb 2020

Professional services and flexible office providers have provided a boost to momentum in Perth’s CBD office market, with the Property Council of Australia’s vacancy rate continuing to decline and top-quality office accommodation becoming scarce.

CBRE

Dorado buys Northbridge office for $24.2m

Dan Wilkie Dan Wilkie
05 Feb 2020

Investment house Dorado Property has acquired the office building at 12 Newcastle Street in a deal worth $24.2 million.

City of Perth

Work starts on Wellington Square upgrade

Dan Wilkie Dan Wilkie
04 Feb 2020

Construction has started on an $18.7 million redevelopment of Wellington Square, with a new playground and a raft of recreational facilities expected to significantly boost the amenity of the eastern end of the CBD.

City of Subiaco

Growing pains for new-look Subiaco

Dan Wilkie Dan Wilkie
04 Feb 2020

Subiaco’s fortunes are on an upswing after years plagued by high retail vacancies, high-profile hospitality closures and an uncertain future with the exit of AFL football to the Burswood Peninsula.

Gresley Abas Architects

Port Kennedy gets coastal village

Dan Wilkie Dan Wilkie
04 Feb 2020

A coastal village featuring a hospitality precinct and a new jetty will be the centrepiece of a $425 million housing estate in Port Kennedy, which will be developed over the next decade.

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