National retailer Gerry Harvey has financed a high-end Cottesloe beach apartment project, reflecting the growth of private funding on property development.
Ongoing macroeconomic headwinds have buffeted Harvey Norman's profits but the retailer insists its property portfolio keeps its balance sheet in good health.
Retailer Harvey Norman has experienced a revenue boost since the start of the new financial year, putting it on course for a strong rise in pre-tax profit.