Confidence is growing among developers with a view to new office construction as the outlook for Perth’s office market moves into positive territory for the first time in several years.
Business people wanting to have their say in the upcoming City of Perth elections have less than three weeks to enrol, with registrations closing on Friday March 18.
Construction costs are expected to continue rising in the next few years, although at a less dramatic rate than that experienced during the past 12 months.
Australian Securities and Investments Commission chairman Jeff Lucy last week called for nationally consistent real estate legislation and regulation of the property industry in an appearance before the Senate Economics Legislation Committee.
Goods and Services Tax will apply to any commercial leases currently GST exempt and a framework will be provided for landlords and tenants to negotiate the introduction of the tax into their leases following Federal legislation passed last week.
While any one of Lyle Palmer’s achievements would be impressive on its own, it is the combination of a number of exceptional accomplishments that have contributed to Dr Palmer being named this year’s 40under40 First Amongst Equals winner.
City planners debating the issues of growth, sustainability, community and environment in Perth have vast resources of information available to them via the experiences of other cities throughout the world.
Public awareness of property rights issues has intensified during the past year to the point where a coalition of industry groups has pegged it as a major election issue.
Investors in property shouldn’t expect returns of recent years to continue unchecked, according to Gavin Hegney, despite expectations the market in Western Australia will be among the nation’s top performers throughout 2005.
Property Council vacancy figures for the CBD office market show Perth’s vacancy rate has dropped to 13.4 per cent with 17,000 square metres of space newly leased in the six months to January 2005.
The race to secure tenants for Perth’s next office tower is being led by Multiplex and Monaco-based recluse Ric Stowe, with a development application expected to be lodged next month for the long derelict Westralia Square site.
Amendments made last year to LandCorp’s governing legislation enabling the agency to engage with the private sector has been the catalyst for several joint ventures with partners such as Mirvac Fini, BGC, and Doric.
The much-debated sinking of the rail line that divides the CBD and Northbridge is predicted to send property prices upwards and inject much-needed life into the neglected precinct.
While women remain a minority in senior management and around boardroom tables, Western Australia has produced several leaders in their fields. Marsha Jacobs talks to some of this State’s top performers.
PERTH will soon be on show to the rest of the world thanks to the feature film Long Way to Freo, which is set on a commuter train travelling to Fremantle.