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Articles by Peter Kermode
Delivering the news for 25 years
Riding the waves of Western Australia’s boom-and-bust economy while simultaneously dealing with the decades-long disruption to the media landscape means Business News has faced more than a few challenges during its 25-year history. Innovation has been the key, according to Business News executive chairman Elton Swarts and CEO Mark Pownall, learning and adapting from others while breaking new ground at the same time.
Cedar Woods builds beyond Perth base
ANNIVERSARY SPECIAL: While half of Cedar Woods’ 30 projects are in its home state of WA, the company has taken opportunities in Victoria, Queensland and SA. This article is part of a special series to mark Business News' 25-year anniversary. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Commercial sector cycles as home builds stumble
ANNIVERSARY SPECIAL: As Australia was emerging from the recession it had to have in 1991 and 1992, the commercial construction sector in Western Australia was at the tail end of a boom that would add 200,000 square metres of office space to the Perth CBD. This article is part of a special series to mark Business News' 25-year anniversary. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Multiplex still building post buyout
ANNIVERSARY SPECIAL: A return to its original branding is indicative of construction veteran Multiplex’s standing in the WA marketplace and solid client relationships. This article is part of a special series to mark Business News' 25-year anniversary. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Coles demerger approved by Wesfarmers
Wesfarmers shareholders have voted to approve the $20 billion demerger of its supermarket business Coles, 11 years after it acquired the group in Australia’s biggest corporate takeover. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Diatreme progresses Cyclone zircon project
Mineral sands hopeful Diatreme Resources has released a positive definitive feasibility study for its Cyclone zircon project, located in the Eucla Basin in Western Australia. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
WA wages growth slow
Wages growth in Western Australia is lagging the country, with ABS data showing the state's wages increased just 1.6 per cent year on year, compared with a national increase of 2.3 per cent. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
WA wage growth slow
Wage growth in Western Australia is lagging the country, with ABS data showing the WA wages increased just 1.6 per cent year on year, compared with a national increase of 2.3 per cent. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Green light for Karrinyup shopping centre development
AMP Capital will commence a long-awaited $800 million development at Karrinyup shopping centre next week, increasing the size of the centre from about 60,000sqm to almost 110,000sqm. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Brown-Neaves tips in to Atop by MGroup
A Beeliar subdivision has attracted investment from one of the state’s best-known names in home building. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
BGC offloads Aloft Hotel
BGC Australia has agreed to sell the Aloft hotel and associated office development in Rivervale to Singapore-based Hiap Hoe Ltd for $100m. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Cedar Woods forecasts increased profit
Cedar Woods Properties has forecast an increased profit this financial year in a quarterly update released to the Australian Securities Exchange. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
LandCorp calls for builder innovation
LandCorp has challenged local builders to develop solutions to difficult site conditions and to showcase high-tech, innovative medium density construction capability through two separate expressions of interest campaigns. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Development ready land released across WA
LandCorp and the Metropolitan Redevelopment Authority have combined to release more than $290 million of commercial, residential and industrial land across Perth and regional Western Australian which could generate up to $1.3 billion in development opportunities. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
WA housing approvals fall
Approvals for new dwellings in Western Australia fell by 19 per cent in September, the biggest fall in Australia, according to data from the Australian Bureau of Statistics. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Labor property tax policies to damage WA housing: MBA
Federal Labor’s proposed changes to negative gearing and capital gains tax would hit Western Australia’s residential building sector at a time it is already reeling, according to economic modelling commissioned by Master Builders Association. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Buyers track value in Perth office market
The Perth office market offers good value to buyers looking to hold for the longer term, according to research from CBRE. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Owner-occupiers step into apartments
This now-mobile group is a key driver in Perth’s reviving apartments market, making up 65 per cent of buyers. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Charter Hall buys Optima Centre in Osborne Park
Charter Hall has bought the Optima Centre office park in Osborne Park for $126.2 million and will hold the asset across two of its investment trusts. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Low-income, older renters face hurdles
Two fresh studies warn vulnerable renters are locked out by structural challenges in the market. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Neil Hamilton to chair BGC Australia
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Property deals wrap
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Shopping centres’ big sales
Several major deals in recent months mark a surge of activity in the shopping centre space. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
CBD pressure pinches suburbs
The high rate of vacant CBD office space, and incentives on offer, continue to pressure landlords in near-city locations. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Solder knows the way to San Jose
One of Cisco’s earliest employees in WA has risen through the ranks to play a major role in the group’s California headquarters. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
WA private detached house sales improve
Private detached house sales in Western Australia defied a national trend to increase by 3.8 per cent in August, following a 2.7 per cent decline in July, according to the Housing Industry Association. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Chevron turns the quay on new building plans
Chevron Australia has given the green light to a purpose-built tower at Elizabeth Quay, lodging a development application for a 30-level building for lot seven of the precinct. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Vicinity opens Perth DFO
Vicinity Centres’ first direct factory outlet in WA features 24,000sqm of retail across 113 tenancies and a 1,600-bay car park. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Macquarie Bank and Wood plc commit to former Woodside HQ
Real Estate Investment Trust Dexus has filled more than half of 240 St Georges Terrace – the Woodside Petroleum building – with Macquarie Bank and energy services group Wood plc committing to about 22,870 square metres of space at the tower. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
WA housing starts fall 18 per cent
A depressed Western Australian housing market has hit residential builders, with the number of housing starts dropping by more than 400 in the 12 months to 30 June, according to figures released by the Housing Industry Association. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Metronet to connect with urban amenity
The state government will leverage its Metronet program to drive development of urban density in Perth. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Regus takes space at new Raine Square office
International serviced office provider Regus is close to finalising a lease for new office space at Raine Square, being developed by Charter Hall Group. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Finbar buys out Harmony partner
Apartment developer Finbar Group has bought the final stage of the Symphony City development in East Perth from its joint venture partner Ventrade Australia for $4.5 million. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
State government talks up strata reform, Metronet
The state government is negotiating with the Liberal and National parties to facilitate the upper house passing its proposed strata reform legislation, Planning Minister Rita Saffioti has told a Committee for Economic Development of Australia conference. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
State Government talks up strata reform and Metronet at CEDA conference
The state government is negotiating with the Liberal and National parties to facilitate the Upper House passing its proposed strata reform legislation, planning minister Rita Saffioti has told a Committee for Economic Development of Australia conference. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Access key at Linc industrial estate
Mining services, logistics warehousing and food services firms are boosting demand for industrial property. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Airport precinct a major player
Jobs growth at Perth Airport was three times that of the CBD between 2011 and 2016 as property development in the area expands. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Jaxon targets growth at 60 years
Jaxon has re-emerged as a major contractor in the Perth market with big plans for the near term after six decades in the business. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Perth housing affordability improves: CoreLogic
Housing affordability in Perth continues to improve, according to a report from CoreLogic. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
The Village Margaret River on the market
Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Cockburn terraces at Mojo a go go
The first stage of the Mojo Urban Living estate in Cockburn Central North was launched last week, offering the first terrace-style homes in the area. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Landowner, WAPC in valuation fight
A long-running battle between the Western Australian Planning Commission and a Southern River landowner appears no closer to resolution, despite the government agency losing a recent appeal regarding the land’s valuation. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Office sublease space ticks up
The first increase in Perth’s office sublease space in almost three years is an indication of growing confidence in the market, according to CBRE. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
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