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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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.
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.
