Perth childcare centre sells for record yield

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

Cedar Woods, Stockland flag stronger second-half results

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.

Iluka Beach: upscale for downsizers

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.

Work starts on Freo apartments, Beechboro shops

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.

Developers still wary in South Perth

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.

Industry calls on Labor, Libs to unite on stamp duty

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.

Perth land prices rising fastest in Australia: HIA

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.

Investors target Perth potential

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.

Saffioti responds to infill outcry

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.

Pindan secures Iris Residential's Jolimont build

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.

Solid growth in WA housing finance

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.

Post-IPO Primewest diversifies

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.

Movement on apartments for Momentum, Willing

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.

Minderoo presses reset on Cottesloe upgrade

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.

UWA targets April start for Forrest Hall stage two

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.

Sustainability standard at Knutsford

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

Office market gaining steam as recovery takes hold

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.

Dorado buys Northbridge office for $24.2m

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

Work starts on Wellington Square upgrade

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.

Growing pains for new-look Subiaco

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.

Port Kennedy gets coastal village

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.