Western Australia Property

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#21
Things are getting from bad to worse over there, especially commercial,industrial leasing, up to 50% discounts on renewals are not uncommon now. Finbar sales so bad they had to set up loyalty program somemore, chuan hup jialat liao, just look at the downward trajectory of finbar share price. Coupled with net interstate migration to w.a now negative and unemployment tracking upwards for the state, definitely a bust.

sent from my Galaxy Tab S
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
Reply
#22
(13-11-2015, 11:51 AM)BlueKelah Wrote: Things are getting from bad to worse over there, especially commercial,industrial leasing, up to 50% discounts on renewals are not uncommon now. Finbar sales so bad they had to set up loyalty program somemore, chuan hup jialat liao, just look at the downward trajectory of finbar share price. Coupled with net interstate migration to w.a now negative and unemployment tracking upwards for the state, definitely a bust.

sent from my Galaxy Tab S

Finbar has been overvalued for a start... There is no need to worry excessively as CHH's costs in most of its investees are very low. They are committed for the longer term and track record though not fantastic have been good.

Jelek is also in the eyes of the watchers.
Reply
#23
Apartments find suburban home
Dan Wilkie

642 words
16 Nov 2015
Business News
WABN

English

Perth's biggest ASX-listed land developers are increasingly incorporating apartment developments into their plans, as the shift to smaller dwellings gains prominence in the outer suburbs as well as inner urban areas.
While the projects are not the high-rise builds typically seen near the inner city, Peet managing director Brendan Gore said the developer was increasingly seeking to create apartments and townhouses to complement single housing lots at the town centres of its estates.

Mr Gore said Peet had 1,700 medium-density apartments in its national pipeline, while at the end of the 2014-15 financial year had settled more than 450 apartments across its projects or joint ventures.
In Western Australia, Peet is incorporating apartments at The Village at Wellard, Shorehaven at Alkimos, as well as Golden Bay and Lakelands.
At Wellard, Peet is delivering 188 apartments over the first three stages of development, while the first tranche of 40 waterfront apartments at Alkimos is also being planned.
Mr Gore said the same principles that made apartment living attractive in near-city suburbs applied on the outskirts of the city.
"Location and convenience are crucial to the appeal of apartment living," Mr Gore told Business News.
"The integration of city-style apartments into Peet's masterplanned communities has been very popular, representing an extension of the traditional real estate offerings by providing greater variety in density and home styles."
Mr Gore said he was also a believer in Perth being in the middle of a structural shift to apartment living, an ethos most often promoted by the state's apartment-only developers.
He said the quality of apartments had contributed to their momentum, with new developments a very different style of living to the flats of the 1960s and 1970s.
"Apartment living provides home buyers with a new, affordable entry to home ownership without compromising a sense of style," Mr Gore said.
"It is also proving popular with buyers wanting a low maintenance home and those keen on a lock-up and leave lifestyle, including travellers and Fifo workers."
Fellow ASX-listed developer Cedar Woods Properties has also traditionally been a greenfields land estate producer, but is also incorporating apartments into its portfolio.
Early this year, Cedar Woods completed a joint venture with LandCorp and St Ives at the old Carine Tafe site, which yielded 110 townhouses and apartments.
Cedar Woods has also completed three beachfront apartment projects in Rockingham - Nautilus, The Jetty and Aria - with the latest of the projects, Nautilus, being completed in 2010.
The developer is also expected to incorporate a significant number of apartments into its proposed Mangles Bay Marina, which remains in the planning phases following state and federal environmental approvals being issued.
Outside of WA, Cedar Woods recently purchased a 16.5-hectare infill project in Adelaide, with the development expected to yield around 1,000 apartments or townhouses.
And it's not only the WA-based land developers that are chasing apartment projects.
Frasers Property Australia, formerly Australand, has been one of Perth's most prolific apartment developers, having completed 1,749 apartments (with an additional 1,282 in its pipeline).
The majority of that pipeline is at Port Coogee, where 700 apartments are planned to complement the existing single housing lots that have already been developed.
Frasers Property Australia WA residential general manager, Tony Perrin, said the developer was also looking closely at ramping up its integrated housing, or medium-density townhouses, delivery in the near future.
"We see integrated housing as a market that's pretty immature in Perth and is likely to grow strongly, in addition to the pure apartment market," Mr Perrin said.
National developer Stockland also has an apartment pedigree, having developed the $115 million The Islands at South Beach in 2009, a project that comprises four five-storey buildings.


Business News Pty Ltd
Reply
#24
  • Jan 4 2016 at 2:14 PM 
     

  •  Updated Jan 4 2016 at 2:14 PM 


Two more years of Perth property pain: Nigel Satterley

[img=1022x0]http://www.afr.com/content/dam/images/g/l/y/w/d/z/image.related.afrArticleLead.620x350.glytux.png/1451877245804.jpg[/img]Perth developer Nigel Satterley said there would be two more years of recession-like conditions in Perth property. Bohdan Warchomij
[Image: 1426319698156.png]
  • Share on twitterShare on Google Plus

by Jonathan Barrett

One of the country's biggest private developers, Nigel Satterley, has warned that the Perth property market faces two years of "recession-like" conditions.
The dour outlook for houses, apartments, offices and land packages threatens to heap further pressure on the already subdued Perth market.
Mr Satterley, of Satterley Property Group, said he wasn't expecting an upturn until 2018.
"There will be two years of these recession-like conditions," Mr Satterley said. "In terms of new home builds it will be low levels. We think there's years of oversupply in apartments. In the city there's no buyers and no tenants."

There are almost 16,000 houses, apartments and land parcels on the market in metropolitan Perth, according to REIWA.com, which is high by Perth's standards. Median house prices have been stagnant or falling since late 2013.
The CoreLogic RP Data Home Value index, released on Monday, shows that while the western city recorded a surprise rise in home prices in December, values were still down over the quarter.
The rise in December prices for Perth was mainly in detached housing rather than apartments which was still suffering from falling yields. 
Mr Satterley said his residential project development company was expecting to sell between 1800 and 2000 lots in Perth 2016. This compares with a "normal" year of selling between 2500 and 3000 lots; and a "boom" year where it may sell 5000 lots. 

The expected weak sales, which is offset by the company's strong sales figures in Victoria, will have a knock-on effect for Perth home-builders which rely heavily on the creation of new residential lots.



Mr Satterley said consumer confidence had been affected by the state government's poor fiscal position that included record debt levels and a threat of another credit rating downgrade.
"The debt level scares people," Mr Satterley said. "It filters through and affects confidence."
Last month's mid-year update to the state budget included a reduction in employment growth figures, and increase in unemployment forecasts. Expected payroll taxes, property taxes and even vehicle licence duties have been cut for this financial year.



Read more: http://www.afr.com/real-estate/residential/two-more-years-of-perth-property-pain-nigel-satterley-20160104-glytux#ixzz3wFkDw36j 
Follow us: @FinancialReview on Twitter | financialreview on Facebook
Reply
#25
BOOMz!!!

what goes up must come down, that is the cycle of biz! Big Grin
Cannot fight it, no point painting over the down cycle too... accept it and be wiser for the next cycle! Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
#26
(25-03-2016, 07:26 PM)brattzz Wrote: BOOMz!!!

what goes up must come down, that is the cycle of biz! Big Grin
Cannot fight it, no point painting over the down cycle too... accept it and be wiser for the next cycle! Tongue

Two more years of Perth property pain - Mr Satterley, of Satterley Property Group @ 4 Jan 2016
Reply


Forum Jump:


Users browsing this thread: 4 Guest(s)