Barriers to innovation and an ageing workforce are impeding productivity in the building sector, with a staggering plummet in the volume of homes built per hour worked.
Edge has closed in on the commercial tenants for its $170 million Riviere Residences in Applecross, engaging the operator behind successful restaurants in Perth's north.
The federal government's ambitious target of building 1.2 million new homes by 2029 is fanciful, according to a leading residential builder, as crippling skilled labour shortages persist.
A $221 million redevelopment of Ocean Beach Hotel has been approved, with the developer confident of delivering the project within the three-year timeframe.
No new apartment stock has been launched to the Perth market during the third quarter of 2022, as developers wait for unit prices to catch up with rapidly rising construction costs.
A development assessment panel has unanimously approved Edge Visionary Living's $70 million proposal for a nine-storey apartment opposite Steve's Bar and Café in Nedlands.
Another high-rise has been proposed for the Scarborough Redevelopment Area, a region already occupied with projects amounting to more than $300 million.
Blaq Projects is set to build a five-storey apartment development at the Australian Fine China Precinct, where Edge Visionary Living's plans fell over.
The Ocean Beach Hotel owner has shaken off the council's opposition to his proposed $220 million facelift, with the state government's peak planning body to assess it in the coming months.
A $220 million plan to revamp Cottesloe's Ocean Beach Hotel will be considered by council next week, with council staff recommending a strong objection to the proposal.
A $220 million redevelopment proposed at the Ocean Beach Hotel site in Cottesloe, featuring 200 apartments and a 121-room hotel, has been released for public comment.
Edge Visionary Living's two-tower development in Scarborough has been given the green light, with the development to form part of the coastal suburb's redevelopment area.
Sales activity in Perth's new apartment market has slowed, as developers flag concerns about rapidly increasing costs amid competition with the residential housing construction sector.
Perth's market for new apartments recorded its strongest quarter of sales activity since 2016, according to the latest research from property consultancy Urbis.
Two major multi-storey developments planned for Scarborough will be determined by planning authorities next week, with one recommended for refusal and the other for approval.
Edge Visionary Living and Hillam Architects have lodged plans to develop a two-tower development in Scarborough, a few doors down from the Rendezvous Hotel.
Perth's new apartment market recorded more than 400 sales during the fourth quarter of 2020, the highest volume recorded for a quarter since 2016, according to the latest data from Urbis.