Property Development in Perth
Property Development in Perth
The real estate industry is multi-faceted and encompasses a broad range of activities, from the renovation and re-lease of existing buildings through to the purchase and sale of raw land. Property Development in Perth coordinates all of these activities, converting ideas into reality.
While property development is often thought to be a lucrative and exciting business, it requires a significant investment period with little positive cash flow until completion. Without expert advice and experience, first-time developers can run into problems that increase project costs and lower their return on investment.
Property development involves a number of different disciplines, such as surveying, planning, engineering and building. The most important component is the planning process, which determines what can be built on a piece of land and how it can be utilised. It also establishes the infrastructure needed to service the development, including roads and drainage systems. Planning can be a complex and lengthy process, but it is vital to the success of any project.
Residential property developments range from small duplexes and triplexes to larger multi-family dwellings that maximise land use and enhance urban landscapes. Each type offers its own unique advantages and challenges, but the end result is always the same: to deliver the perfect home for a family, professional or investor.
Commercial property developments are a significant contributor to the city’s economy, providing jobs and housing for thousands of people. They also support the retail, hospitality and office sectors by generating additional income streams. With the right location and design, a commercial development can be an ideal investment opportunity for anyone looking to add value to their portfolio.
As one of Australia’s leading commercial and industrial centres, Perth is the ideal place for a business to call home. From top-tier offices and warehouse logistics to premium retail and dining options, a commercial development can offer a diverse mix of uses in an unrivalled location.
This skyline-defining development, on the banks of the Swan River, will add a new dimension to the heart of the city. Designed to accommodate the city’s growing population and a vibrant culture, it will provide a mix of office space, apartment living, and ground-level retail and food and beverage tenancies.
With all three levels of government and advocacy partners working collaboratively to accelerate Perth’s population growth, there has never been a better time to invest in city living. The City is promoting new incentives for the construction of apartment, co-living and build-to-rent developments, complementing the State’s housing stimulus.
With the City’s Planning and Building Approvals values and processing times reducing, now is a great time to secure your next project. Contact Better Way 2 Build team of professionals to discuss your requirements and explore the possibilities.