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Primewest to cash in on Exchange Tower resuscitation

Primewest’s decision to offload its 50 per cent stake in Perth’s Exchange Tower is expected to value the premium, 40-level tower at about $340 million, sources say. That would represent a huge 50 per cent reassessment of the asset, effectively valued at $227 million when Primewest bought its half share …

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Property Council queries Freo vacant shops slug

Investors will be scared off by the threat of higher rate charges for vacant shops in Fremantle, warns the Property Council. Last week, the City of Fremantle decided to look into raising rates from 2019-20 for commercial properties left vacant for more than a year. Councillor Rachel Pemberton was behind …

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Mitch Marsh to captain Australia A on India tour

Mitch Marsh and Travis Head will skipper Australia A’s respective four and one-day squads for their tour of India in August and September. The tour begins with a one-day tri-series also involving South Africa A, with the first match against India A on August 17. Two four-day matches against India …

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Formula 1 2018 head-to-heads: Who needs a good qualifying?

Monaco qualifying underway at 2pm on Saturday; Race starts at 2.10pm Sunday; Live coverage on Sky Sports F1 and Sky One By Matt Morlidge Last Updated: 26/05/18 12:26pm We’re five rounds into the 2018 season, and Fernando Alonso is now the only driver who is still enjoying a perfect record …

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Perth apartments lure more owner-occupiers

Owner-occupiers have flooded into Perth’s apartment market, accounting for 65 per cent of 410 apartments sold in the March quarter — the most transactions in the four years Urbis has been tracking apartment sales. Urbis director of property economics and research David Cresp said the surge in owner-occupier sales reflected …

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