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.
An interstate developer has launched its first apartment project in Perth, near the banks of the Swan River, joining a long list of multi-residential projects in the City of Belmont.
AUSTRALIA'S listed property sector was savaged by the global financial crisis but Perth-based Aspen Group has battled more than punitive market conditions in the past year.
Property developer Aspen Group has announced its unlisted syndicate, Aspen Parks Property Fund, has received credit approval for a $130 million debt facility with St George Bank.
The three Aspen Group directors subject to a movement to remove them from the company's board have denied claims that the group had lost its way and had underperformed since jettisoning co-founder Angelo Del Borello in June last year.
Property investment and funds manager Aspen Group has announced a full year operating profit after tax of $33.6 million up slightly from $33.2 million last year.
PERTH-BASED national property development and syndicated funds manager Aspen Group's new managing director, Gavin Hawkins, is targeting its Aspen Parks and Aspen Living divisions for future growth.
