WA developers are circling government land in the western suburbs, a shift that could reshape the residential pipeline in Perth's tightest corridor as BHP's union dispute drags on.
Western Australian developers are showing fresh appetite for government land in the western suburbs, a shift that could reshape the residential pipeline in Perth's most tightly held corridor.
Claire Tyrrell and Ella Loneragan discussed the trend on Business News's At Close of Business podcast. Developers are circling parcels that had long been considered too expensive or too fragmented to assemble, they said.
The interest comes as BHP's long-running union dispute continues without resolution. The miner and union representatives remain at odds over workplace conditions at its WA iron ore operations, a standoff that has periodically disrupted output and kept costs elevated.
Hawaiian, the ASX-listed retirement and land developer, has appointed a new chief executive, the podcast noted. The company has been reshaping its portfolio toward built-form housing and retirement living.
An $80 million Costco proposal has received planning approval, adding retail capacity in a region where population growth has outpaced infrastructure. The project is expected to draw on construction labour and materials that developers say are already stretched.
The western suburbs land play is the most consequential for pricing, agents said. Government-owned sites in that belt rarely come to market, and a coordinated release would change the supply calculus for house-and-land packages in the city's most expensive postcodes.
BHP's Alpha Score sits at 70, labelled Moderate, in the Basic Materials sector. The stock page is at BHP stock page.
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