Prominent land developer Nigel Satterley has predicted more pain to emerge from Perth’s apartments market, forecasting widespread price falls and more projects to fail as pressure builds on developers.
Lendlease expects to kick off sales for the first phase of apartments at its Waterbank precinct in East Perth in the second half of this year, casting aside concerns over challenging conditions for
Blackburne managing director Paul Blackburne was last night named the 2016 Business News 40under40 First Amongst Equals, ahead of a talented and diverse field of candidates.
Medium-density housing approvals are still rising in Western Australia, albeit slowly, in contrast to approvals for detached homes, which have gone backwards along with the economy, according to ne
Private equity group Sirona Capital and Luke Saraceni’s Saracen Properties are wrapping up their joint venture Westbridge Property Group, having not completed any projects in the three-year partner
After achieving a record peak in September 2014, total dwelling approvals in WA have trended down for the past 18 months based on the latest data from the ABS for January 2016.
Bayswater company Capital is developing a major new facility at Henderson that it believes will reaffirm its status as the state’s major recycler of construction and demolition waste, while also opening up opportunities in other waste streams.
Work is expected to start shortly on a new shopping centre at the old Station Street Markets in Subiaco, with construction contractor Doric appointed this week.
Boutique builder Humphrey Homes has created a new concept to tap into homeowners’ desire to remain in their homes for longer and accommodate generational change.
Weak sentiment in Perth’s commercial property sector is proving to be a challenge for landlords seeking to sell assets, with sales campaigns for a range of CBD assets shelved in 2016.
City of Perth Surf Life Saving Club is anticipating membership growth of nearly 50 per cent over the next season as it makes itself at home in swish new premises.
Land developer Peet has sharpened its focus on markets in the eastern states, forecasting subdued conditions in Western Australia for the rest of 2016 after lodging a net profit of $18.5 million fo
reiwa.com property sales data for the overall market for the week ending 23 February 2016 totalled 678 which represents a 6 per cent increase in total sales over the week.
Three months after announcing an option to purchase Western Australia’s eighth-biggest homebuilder, ASX-listed Simonds Group said today it would not proceed with the acquisition of Gemmill Homes.
Apartments developer Finbar Group says softer conditions in the Western Australian property sector have resulted in moderate pre-sales results at its new projects, after lodging a $6.3 million net
Home builder Cedar Woods Properties is on track to deliver a record result for a sixth straight year and has upgraded its earnings guidance after doubling first-half profit.
The future of a not-for-profit drug and alcohol rehabilitation centre considered among the strictest in Australia is in doubt due to a planning dispute.
Premier Colin Barnett has ruled out any further state tax increases in the upcoming budget, and has said the government might look at reviewing land tax aggregation, at this morning’s Business News Success & Leadership breakfast.
Property syndicator APiL says it only took a matter of days to raise the equity required to buy Ballajura Central shopping centre from Charter Hall REIT.
Two apartment projects on the outskirts of Northbridge have provided a window into the challenges facing developers in Perth’s multi-residential sector.
Western Australian MP Ian Goodenough has called for a ministerial review into the federal government’s tightening of offshore investment regulations, saying the policy change is having an unintended detrimental impact on property development.
The north-west coastal suburb of Alkimos is Perth’s best prospect for capital growth for property investors in 2016, according to research group Onthehouse.com.au.
Two weeks after Elizabeth Quay was opened to the public, construction trucks are coming back to Barrack Square, with work to begin on SKS Group’s DoubleTree by Hilton hotel next month.
