Plans for another apartment tower of more than 50 storeys in the Perth CBD have emerged, with Singaporean developer Fragrance Group’s $200 million Milligan Street proposal to vie for the title of Perth’s tallest residential building.
Preparations are being made for international fashion giant H&M to open its long-anticipated second store in Perth, while the Plaza Arcade is in line for a $6 million revamp to make room for another flagship global tenant.
The cost of hiring tradies in Western Australia has fallen over the past year but continues to be substantially more expensive than other states, an industry survey has found.
Apartment towers are getting taller, but one of the city’s leading architecture firms says an authentic mix of uses is the next step in the maturation of Perth.
Perth's tourism sector is expected to receive a boost from the Ritz-Carlton & The Towers proposal at Elizabeth Quay, with national construction contractor Probuild confirming it has been appointed to undertake the project.
Developer and funds manager OpenCorp has predicted Perth’s residential property market to turn around in the next 12 to 24 months, with the Melbourne-based company aiming to increase its portfolio in Western Australia after the recent launch of two projects.
This week, Reiwa members reported an increase in weekly sales to 680. The rise in overall sales by 37 per cent over the week is attributed to a 34 per cent increase in sales for houses, 56 per cent for units and 37 per cent for land.
West Perth-based developer Cedar Woods Properties has maintained its profit guidance for the current financial year, with strong performances on the east coast continuing to offset soft conditions in Western Australia.
Perth Airport has partnered with national property manager Vicinity Centres to develop a $145 million 110-store direct factory outlet near the airport.
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.
CTI Logistics has put more of its surplus properties on the market after disclosing that its underlying profit continued to deteriorate during the March quarter, with the business hit by what it said was a severe downturn in activity in Western Australia.
The trend in dwelling sales activity in Perth recorded in Reiwa’s weekly Real Facts across the first three months of 2016 suggests sales increased during the month of January, stabilised in February, with volatility in sales seen during March.
Curtin University expects to start building up to 1,400 new student accommodation beds at its Bentley Campus by the middle of next year, after officially putting out the call for development partners for the first phase of its Greater Curtin vision today.
Blackburne has become the latest developer to buy into LandCorp’s Claremont on the Park, unveiling a plan to build 123 apartments and 1,950 square metres of commercial space on one of the landmark
Mirvac Group has shifted its strategy to reflect the nature of Perth’s patchy apartments market, rolling out more affordable dwellings at its Leighton Beach and Claremont projects instead of multimillion-dollar luxury apartments.
Pindan Capital is banking on its east coast expansion to bring investment back to Western Australia, following the purchase of two Sydney development sites.
Perth property investor Stephen Lauder and Jandakot City developer Ascot Capital have completed their second joint venture purchase, with the $65 million acquisition of a serviced apartments building in Canberra.
Property developer Peet has entered into an agreement for a $1.7 billion development in the Australian Capital Territory to construct up to 3,300 units and townhouses on the campus of the University of Canberra.
Supermarket giant Aldi has confirmed its first Western Australian shops will open on June 8, at Lakeside Joondalup Shopping City, Mirrabooka Square Shopping Centre, Kwinana Marketplace and Belmont
DEXUS Property Group's $2.5 billion takeover of ASX-listed Investa Office Fund has fallen over after it failed to get enough support from the target's shareholders.
The state government has awarded building and construction contracts to a number of local businesses, including Perkins Builders, with the combined value of the contracts worth about $37.3 million.
An influx of owner-occupiers is changing Perth’s multi-residential development market offering, with an increased focus on design and amenity providing significant opportunities for architects.
Educating the community on the benefits of higher-density development is looming as one of the big challenges for Lino Iacomella, who has taken the helm at the Western Australian division of the Property Council of Australia.
Perth’s median house price remained stable at $535,000 for the three months to March, according to the Real Estate Institute of Western Australia, while reported sales activity in the metro region jumped 15 per cent.
