Perth businesspeople are surprisingly prominent on the latest BRW young rich list, with a local apartment developer ranked number three with an estimated fortune of $536 million.
Interest in apartments from buyers and renters is again on the rise, in contrast to falling fortunes elsewhere in the residential market, according to a pair of prominent property players.
Land developer Cedar Woods was the standout performer at last month's Urban Development Institute of Australia's annual awards for Western Australia, while Finbar Group and Lendlease also featured
More apartment developments are coming to the Burswood Peninsula, with the Town of Victoria Park formally adopting guidelines to pave the way for the first stage of Belmont Park, while Finbar Group
Vacancies are rising rapidly in the residential leasing market, while at the same time median rents are falling; but that's just the market returning to normal from its recent highs, according to a prominent local property player.
Chinese developer Zone Q Investments is advancing plans for its second major apartment project in Perth, lodging a development application for a 21-storey tower on the corner of Beaufort and Aberdeen streets in Northbridge.
Construction on Chinese developer JianHe Jian Group's $100 million residential and commercial project opposite Perth Zoo in South Perth is expected to begin later this month, after local builder JA
Construction has begun on Blackburne Property Group's $145 million Aria apartments project in Swanbourne, with Probuild appointed to carry out the works.
Cancer Council WA is shifting its headquarters to Subiaco, after buying a 2,200 square metre office in the Westgate Building on Railway Parade in a deal brokered by commercial agency Burgess Rawson
Developers are tipping the next wave of demand for apartment projects to come from two very disparate demographics – baby boomers close to retirement and generation Ys looking to get on the first rung of the property ladder.
Our annual Apartment Developers feature discusses the oversupply debate of apartments in Perth's inner city, the government's proposed changes to strata titles, and the next wave of demand for apartment projects.
The eastern edge of Northbridge is emerging as Perth's next hotspot for apartment development with four new projects proposing more than 600 dwellings or hotel rooms seeking approval.
Western Australia is increasingly on the radar of Chinese property investors, with commercial agents and developers hoping to replicate the success of their Sydney and Melbourne counterparts in sourcing significant capital from this cashed-up cohort.
Real Estate Institute of Western Australia president David Airey says local government authorities have lost sight of the big picture in planning and approvals reform, and amalgamation of councils will only exacerbate the issues.
Former Peet senior executive Darren Cooper has been recruited into the leadership team at real estate and property developer Blackburne Property Group in the newly-created role of chief executive o
Perth's residential market is being dominated by house and land packages and apartments, leaving a gaping hole of medium-density housing despite public calls for more dwellings of that type, accord
Commercial real estate agency Burgess Rawson has been appointed to sell the remaining strata offices at the recently completed Westgate building at 420 Bagot Road, Subiaco.
SPECIAL REPORT: Concerns have been raised over the sustainability of Perth's apartment construction boom, with prominent industry players suggesting Rivervale in particular is in danger of oversupply.
Influential property developer Nigel Satterley has warned Perth's apartment market is in danger of overheating, with excess supply a danger for investors buying off-the-plan.
One of Perth's largest apartment projects by value is due to be launched in coming weeks in Rivervale, testing demand and pricing in what has become a development hot spot.
Mirvac Group has cleared the way for development of its next high-rise apartment tower at Burswood after overcoming objections from local residents and the local council to its revised plans.
Resources sector professionals are choosing to live in the inner city instead of the urban fringe, contrary to traditional notions that fly-in, fly-out workers prefer to live in the outer suburbs.
The supply of apartments in Perth's western suburbs will increase rapidly this year, with TRG Properties, Georgiou Living and Blackburne Property Group set to launch new projects during the next three months.
Blackburne Property Group has passed major development milestones on three of its projects, with the most significant being planning approval for what will be one of the largest apartment developments in Perth's western suburbs.
A five-storey, 204-apartment proposal by Blackburne Property Group has been refused planning approval by the Metro West Joint Development Assessment Panel.
Jaxon Construction has won contracts for an apartment project in central Perth and a community centre in Cockburn, taking its new contract wins for the quarter to $78 million.
Property developer Paul Blackburne is finalising plans for a major apartment development in Swanbourne, after completing the purchase of a site on Alfred Road.
Construction has started on a $20 million apartment building in Mindarie, after the developers acquired the land at one-third of its previous sale price.
