Perth Business Updates

 Hi all, Starting a business is a big headache that can impact your personal and professional life. You have to get the funding, find the right resources, arrange the logistics and build an organisation to start a business. It requires a lot of planning and hard work in getting things together. If you are inexperienced, it can be extremely challenging to make it work. Thus, if you wish to own a business, you must acquire an existing one for sale. It helps in taking over a well-established entity that has a solid customer base and brand presence. So if you are looking for a business for sale in Perth, read the article shared below.  https://www.business2sell.com.au/blogs/buying/best-business-for-sale-opportunities-in-perth

 In an era where many people struggle to put down their phone for 90 seconds, imagine handing it over for 90 minutes. That's what happens on a regular basis at the headquarters of the Reserve Bank of Australia (RBA) a fine example of 1960s' Bauhaus — many would say brutalist — architecture that watches over Sydney's historic Martin Place financial district. RBA lock-ups are a ritual I've performed countless times already in my 15 years as an economics and finance reporter at the ABC. For us journalists, it's a rare chance to enter the bank, speak with senior RBA officials face-to-face — albeit off-the-record — and properly skim 60 or 70-page reports so we can sensibly summarise the contents. Read More: https://www.abc.net.au/news/backstory/2023-04-17/inside-the-reserve-bank-media-lockups/102212536

 The liquidator for failed builder Porter Davis has reached an agreement to sell part of the business to a Victorian construction firm. Nostra Property Group will take over the multiple dwelling arm, which was primarily responsible for townhouse projects. The collapse of Porter Davis left about 1,700 home building projects in limbo, with the majority of those in Victoria and about 200 in Queensland. Liquidator Grant Thornton said that would allow up to 375 homes to be finished, including 126 townhouses that were designed by Porter Davis and were already underway as well as another 169 developments that were yet to begin construction. Read More: https://www.abc.net.au/news/2023-04-17/nostra-porter-davis-liquidator-sale-agreement/102230380

 Prolific West Australian apartment developer Finbar Group (ASX: FRI) has achieved practical completion of its latest project, the $100 million AT238 located in Perth’s CBD amid reports that the city is facing one of the most acute housing shortages of any capital in the country. The 32-level mixed-use development, which comprises 119 residential apartments plus two ground-floor commercial lots, has so far achieved 66 sales valued at $46.25 million. These sales are due to start settling in mid-April. However, Finbar Group is expecting the project to be sold out before the end of this year now that the it is completed. Read More: https://www.businessnewsaustralia.com/articles/finbar-group-completes-at238-tower--ramps-up--677m-in-projects-amid-perth-s-housing-crisis.html