Western Australia’s residential construction sector is continuing to exhibit rapid growth, with the state government’s official forecaster tipping the highest level of activity in more than two decades.
Accounting giant EY is understood to be close to finalising negotiations on a new lease at the six-storey EY Building on Mounts Bay Road, after coming up empty in its search for a new home.
SPECIAL REPORT: Concerns have been raised over the sustainability of Perth’s apartment construction boom, with prominent industry players suggesting Rivervale in particular is in danger of oversupply.
A six-storey apartment complex in South Hedland is on track to be built within eight days, 20 per cent faster than originally estimated by modular builders Hickory Group.
The government appears to have reacted to pre-budget industry fears by declaring only modest cuts to new housing market entrants' stamp duty concessions, however it still earned the wrath of some industry players.
Diploma Group has bolstered its order book, securing agreements worth a combined $40 million for the construction of TRG Properties' Empire apartment development at Perry Lakes.
Midland's goal to become a commercial hub is quietly being realised, 14 years after the state government put the wheels in motion on one of Perth’s largest urban redevelopment projects.
Finbar Group has obtained planning approval for a 347-apartment project in Maylands and intends to launch the first stage next month, adding to the substantial growth in apartment supply in the local market.
Property firm Charter Hall Group has added to its portfolio of Bunnings stores with a $127 million acquisition of stores in Western Australia and Queensland.
Property developer Stockland will wait to hear what investors have to say about the rejection of its $2.4 billion takeover proposal for Australand before considering further options.
Diploma Group has been awarded three contracts worth a total of $66 million for the construction of residential and commercial developments in the Perth metropolitan area.
Property developer Australand is preparing for a possible takeover from fellow developer Stockland which would propel the combined entity to second position on the list of Western Australia's biggest land developers.
One of Perth’s largest apartment projects by value is due to be launched in coming weeks in Rivervale, testing demand and pricing in what has become a development hot spot.
The state government’s push for apartment and townhouse developments, as well as increased appetite among home buyers for high-density housing, is creating substantial opportunity for residential property syndicates.
Tourists and business travellers will soon be spoilt for choice when it comes to luxury hotels in Perth, with a rush of new developments providing new options at five stars and above.
Mirvac Group has cleared the way for development of its next high-rise apartment tower at Burswood after overcoming objections from local residents and the local council to its revised plans.
The federal government could take a fresh look at negative gearing rules in the May budget to help balance the books and make housing more affordable and accessible.
Resources sector professionals are choosing to live in the inner city instead of the urban fringe, contrary to traditional notions that fly-in, fly-out workers prefer to live in the outer suburbs.
