With nearly two years’ wait on any significant new office stock in the city, some owners of existing buildings are seeking to maximise returns by spending millions to refurbish and remodel their properties.
The combination of sand, barbed wire and special plastic bags may not sound like a high-tech alternative to bricks and mortar, but ‘earthbags’ could offer an affordable housing solution to homeowners in Western Australia.
The Department of Housing and Works is continuing its public housing push into the city with plans for a new $15 million apartment project at 146 Fitzgerald Street.
The state government decision to abolish rental letting fees from April 5 has raised concern among some in the sector of even greater pressure being placed on tenants in the form of higher rents.
Cedar Woods Properties Ltd has made a fast start to the new year, posting a record half-year net profit of $13.8 million and gaining approval for a $1 billion redevelopment project at Laverton Airfield in Victoria last week.
The $200 million Century City office project at 100 St Georges Terrace has secured its first tenant this week with Japanese oil and gas company INPEX signing on to lease 7,000 square metres, or 25 per cent of the building.
At one time embroiled in a public debate over the proposed redevelopment of Perth Town Hall precinct and 121-year old Treasury Buildings, the City of Perth and the Department of Housing and Works are preparing to work together to get the project back on t
The adoption of green building principles is gathering momentum in Perth’s commercial development circles, with environmental consultants in high demand and owners of existing office buildings under pressure to take-on green practices.
Western Australia’s love affair with double-brick homes is just one of the many hurdles the local industry needs to overcome if it wants to produce houses that are more sustainable and energy efficient, according to a leading Melbourne researcher.
Blackburne Real Estate is bracing for a big year ahead, with a new name and fresh image to be part of its planned push into east coast and international property markets.
Perth-based property developer Axiom Properties Ltd has capped off a big month in February, taking a 17 per cent slice of Queensland property investment and development company, Eumundi Group Ltd, for $4.3 million.
Several Western Australian homebuilders are worried that the industry will lose key tradespeople to lucrative resources sector work if the housing market continues to slow.
An expression of interest campaign has been launched by the state government for the landmark $1.1 billion Fiona Stanley Hospital at Murdoch, with submissions to be accepted until March 16.
Perth-based property developer Axiom Properties Ltd has made a takeover bid for Queensland property group Eumundi Group Ltd after acquiring 17 per cent of the company for $4.3 million.
Perth-based property developer Axiom Properties Ltd has acquired the headquarters of Melbourne's The Age newspaper at 250 Spencer St, in a joint venture with Industry Superannuation Property Trust No.3, for $66.1 million.
A radical new proposal by the Property Council of Australia to unite the South West under a single development master plan and create four local ‘super’ authorities has sparked fresh debate on regional council reform.
Despite talk of a softening housing market in Western Australia this year, there is still no relief on the horizon for developers from rising construction costs, higher wages and material shortages.
Perth’s office market vacancy rates have tightened further with the Property Council of Australia (WA) this week reporting CBD vacancy levels of just 0.9 per cent.
The City of Perth is set to call a summit of government, property industry and private parking representatives within days to address the city’s growing parking woes.
Developer ING Real Estate has been buoyed by last week’s green light to progress its long-awaited $200 million Victoria Quay redevelopment, which was the subject of extended community consultation last year.
Continuing strong interest in strata offices on the CBD-fringe is expected to lift strata sales to $5,500 a square metre this year on the back of low availability, minimal new construction and high levels of owner occupier demand.
The upward trajectory of office rents in the Perth CBD may be grabbing the headlines, but car bay rents are also doing their bit to create headaches for those who work in the city.
Perth’s commercial leasing agents are warning the city’s office space crisis will intensify this year, potentially leaving companies no choice but to pre-commit to proposed office projects or stay put and face expensive lease renewals.
After helping US investment giant GE Real Estate secure a large number of Australian properties last year, Savills has been awarded the lucrative management rights to 20 of GE’s new Western Australian assets, including Allendale Square.
Keeping up with Western Australia’s powerhouse economy is presenting a number of critical challenges for the building and construction industry, not limited to labour shortages, cost blow outs and planning delays.
Situated halfway between Geraldton and Kalbarri, the sleepy coastal hollow of Horrocks is waking up to new development opportunities as demand for coastal land intensifies.
Occupying rare earth between the Swan River and the Indian Ocean, North Fremantle’s industrial precinct is the target of an urban rezoning push, which has local landowners calling in the architects.
Perth-based real estate entrepreneur Mark Woschnak is taking his first steps into the realm of online property marketing, launching a website dedicated entirely to the Australian rental property market under the domain rent.com.au.
Axiom Properties Ltd has announced two projects, including a child care centre in Brighton, as part of a strategic alliance with its major shareholder, Pivot Group.
