Rapidly rising construction costs and uncertainty over interest rates have led to zero new apartment projects being launched to the Perth market for the first time in at least eight years.

Mr Blackburne said the “vast majority” of buyers were baby boomers already living within two or three kilometres of the tower.

More than 500 people are planning the Christmas high-life in Subiaco, with Blackburne’s ONE Subiaco officially reaching completion.

Ocean views to Rottnest Island are now on offer in Subiaco, with the suburb’s tallest high-rise officially reaching completion.

Blackburne managing director Paul Blackburne says he will continue launching new projects to the market, despite unprecedented escalation of build costs.

Major developers — including Blackburne, Peet and Mirvac — are circling one of the biggest land releases of the year, with lots released this week at Subiaco East.

A simpler, more streamlined immigration system must emerge from a wide-ranging Federal Government review, WA business leaders say, as the State battles a long-running skills crisis that shows little sign of abating.

Back in the early 80s — when Perth’s luxury apartment sector was in its infancy — advertisements for penthouses would boast of not one, but two wine fridges, and air-conditioning.

The developer behind one of Perth’s biggest ever apartment complexes is set to start sales after it was given the green light to go ahead last month.

Shopping centre owners are increasingly exploring ways to incorporate residential components into retail districts.