Subiaco is set for resurgence, but it will take a coordinated approach from landlords, developers and council to take full advantage of its more than $500 million pipeline.
Developers are pushing ahead with plans for new projects, hoping recent government initiatives aimed at stimulating the sector will help cushion any further COVID and economic blows.
Planning Minister Rita Saffioti is offering developers a reprieve from uncertainty caused by the COVID-19 crisis, with a blanket two-year extension of development approvals expected to be announced later today.
Edge Visionary Living has received the green light from planning authorities for its long-awaited Lumiere development in South Perth, nearly five years after it first sought to build it and following two Supreme Court challenges that were successful in overturning approval of previous designs.
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.
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.
A series of large-scale residential and commercial projects are expected to get under way in Perth this year with a development pipeline nearing $2 billion in value.
Subiaco's apartments market is running hot, with Blackburne racking up rapid sales success at its $280 million One Subiaco development and boutique developer Celtic Properties launching an 82-dwelling development on Roydhouse Street.
Canning Bridge is shaping up as Perth's newest billion-dollar precinct, with a suite of new projects collectively worth $595 million adding to more than $400 million worth of development under construction or recently completed.
SPECIAL REPORT: Developers are leaving market uncertainty in the past and focusing on design and amenity to guide the next wave of Perth apartment projects.
Apartment developer Edge Visionary Living has added an 82-dwelling project in Subiaco to its burgeoning pipeline of works, with the firm continuing to find opportunities in a difficult multi-residential market.
Nearly 140 major projects are either under way or planned for WA, new research by Business News has found. Click through to access the new list on the BNiQ Search Engine.
SPECIAL REPORT: Confidence is returning to the state's apartment market, with developers seeking to boost their project pipelines. Click through to see our map with 30 apartments projects across Perth and our updated ranking of Property Developers.
Property developer Edge Visionary Living has tapped into an appetite for larger apartments in Perth's established suburbs, with its Eden Floreat project achieving close to $30 million in sales ahea
Community acceptance of tall buildings has come a long way in Perth, but developers still face significant challenges in their efforts to add density to near-city suburbs.
Developers are seeking to exploit new niches in Perth's residential apartment market, with slow sales and patchy project launches likely to lead to supply issues in the near future.
Frustration is mounting among developers in South Perth as they are forced to reassess projects after the second major change to the suburb's town planning guidelines in the past six years.
Buyers at Finbar Group's $400 million Civic Heart project are being refunded their deposits, after the state's largest apartment developer announced it would scale back the size of the tower because of uncertainty regarding planning rules in South Perth.
A South Perth resident group claims a Court of Appeals decision to uphold the quashing of a development approval on Mill Point Road confirms the original intent of the suburb's town planning scheme, but the developer behind the proposal says the judgement only highlights problems with development guidelines in the area.
Prices in one of Perth's newest residential enclaves, The Springs at Rivervale, are holding value better than apartments across the wider Perth metropolitan area, despite concerns of excess supply restraining capital growth.
Developer Edge Visionary Living has welcomed the end of an 18-month battle to win approval for an apartment project at 74 Mill Point Road in South Perth.
The rejection by planning authorities of a 44-storey apartment proposal on Mill Point Road in South Perth is unlikely to be the last word in the battle over the contentious project.
The City of Subiaco has been trumped by the metropolitan west development assessment panel, while residents in South Perth face a two-month wait to learn the fate of a contentious apartment project on Mill Point Road.
Another developer in South Perth will be forced to rethink its apartment tower plans following the Supreme Court of Western Australia's decision last month to send a Mill Point Road apartment proposal back to the drawing board.
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
Finbar Group is confident it will start building its $380 million Civic Heart project in South Perth later this year, after the massive apartment development received planning approval to proceed y
Apartment developer Finbar Group is sharpening its focus on South Perth, buying another development site on which it plans to construct a $60 million, 56-apartment complex.
Buyers have rushed to grab a slice of one of South Perth's planned residential towers, with more than 60 per cent of the apartments on offer at Finbar Group's Aurelia selling in the first weekend o
