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Stadium drives AFL revenue surge

Western Australia’s new home of football has helped make the West Coast Eagles the biggest earner in the AFL, while also providing a solid boost to the Fremantle Dockers’ revenue.

Yagan Square wins national honours

Perth’s Yagan Square, developed by the Metropolitan Redevelopment Authority, won two awards at last night’s UDIA National Awards.

Industrial land rebound under way

Industrial assets across Perth have become increasingly sought after, with plunging vacancies expected to accelerate sales activity throughout 2019.

Outer suburbs dominate Perth’s growth

Outer suburbs such as Alkimos, Baldivis and Ellenbrook are continuing to account for most of the growth in Perth’s population while inner suburbs like Mosman Park and Subiaco are shrinking, despite long-standing policies to boost urban infill.

Lendlease industrial fund acquires second WA asset

Lendlease’s Australian Prime Property Fund Industrial has added a second Western Australian property to its portfolio, investing $4.1 million in an industrial property in Gnangara’s Northlink Industrial Park.

Finbar in property management move

Apartments developer Finbar Group is moving into property management, a move described by managing director Darren Pateman as the most significant addition to the ASX-listed firm in 24 years.

Warrington spends $18.25m on St Georges Terrace asset

Warrington Property has made its second major Perth acquisition of 2019, paying $18.25 million for the office building at 179 St Georges Terrace.

SMEs join suburbs to CBD office flight

Small to medium enterprises have joined the unrelenting migration of firms moving from the suburbs to Perth’s CBD, with affordability in the central city office market described as unprecedented.

Far East’s Perth projects raise bar

Residents will start moving into Far East Consortium’s premium apartments project The Towers at Elizabeth Quay before the end of the month, with the Hong Kong-headquartered developer shifting focus to its Perth Hub at Perth City Link as its Ritz-Carlton Hotel also nears completion.

Pindan wins $70m aged care build

Aged care group Rosewood has appointed Pindan for its latest build, a $70 million facility to be built on Cleaver Street in West Perth that will include a restoration of the heritage-listed Florence Hummerston Lodge.

Doric, Jaxon to share CEO

Construction companies Doric and Jaxon have unveiled a management shakeup, with David Dodds to exit the group and Vince Mulholland to take the reins of the combined business.

BHP starts $1.2m Brookfield logo upgrade

The replacement of the logo at the top of Perth’s second tallest skyscraper has commenced, after BHP Group changed its name from BHP Billiton in November.

Town planning evolution puts emphasis on place

An emphasis on placemaking has driven an evolution in town planning across Western Australia as developers and landowners strive to achieve a point of difference through activation and engagement.

Quadrant lease deals follow suburbs-to-CBD trend

Leasing success at The Quadrant on William Street has continued a trend of city fringe and suburban tenants moving to the Perth CBD, while options for firms with large space requirements have become increasingly scarce.

Golden Group unveils first stage of Belmont Park

Plans for the first stage of Golden Group’s $3.8 Belmont Park development precinct have been lodged for approval, with the first two buildings comprising residential towers of 32 and 27 storeys.

Lot sales and prices on the rise in Perth

Perth recorded 1,609 lot sales for the September 2018 quarter, up by 8.5 per cent for the quarter and 2 per cent from a year prior, according to the latest Housing Industry Association–CoreLogic 'Residential Land Report'.

Hotel room rates, occupancy flagged to fall in 2019

Perth’s hotels market has been tipped to be one of the weakest in the country in 2019, with average room rates, occupancy and revenue per room all forecast to fall during the next 12 months.

CoreLogic tips 2020 floor for house prices

Residential property values in Perth are likely to continue to fall throughout 2019 before bottoming out in 2020, according to CoreLogic analyst Cameron Kusher, continuing the longest and largest price correction in the city’s history.

Aged care to bolster builders’ books

Builders are pivoting their focus to WA’s aged care sector to insulate from downturns in other parts of the construction business.

Gage Roads to open microbrewery in Sydney

Perth-based Gage Roads Brewing Company is setting up shop in Sydney after securing a site for its first microbrewery and taproom in the inner-city suburb of Redfern.

Kings Square fully leased as SJOG moves in

Dexus announced it secured St John of God Health Care as a tenant at Kings Square, resulting in the entire three-building office complex being 100 per cent leased.

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