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[1] [2] [3] It included a restaurant and a private club, the Perth Club, at the lower three floors and apartments above. The building was designed by Sydney architects Hennessy, Hennessy & Co in association with local architect, Reginald Summerhayes [ 4 ] for rental purposes as a companion piece to the neighbouring Colonial Mutual Life building ...
Civic Heart is a complex of apartment towers in South Perth, Western Australia, constructed between 2021 and 2024 by Finbar.The complex has two towers, the tallest of which is 147.5 metres (484 ft), making Civic Heart the tallest building in South Perth, the tallest building in Perth outside the central business district, and the tallest residential building in Perth.
According to the 2006 census, Australia's public housing stock consisted of some 304,000 dwellings out of a total housing stock of more than 7.1 million dwellings, or 4.2% of all housing stock [3] (compared with 20% in Denmark, 46% "low rent housing" in France and 50% public housing in the UK at peak). [citation needed]
Meriton builds and sells apartments, and also operates serviced apartments as temporary and long-term accommodation under its Meriton Suites brand in Sydney, Brisbane and the Gold Coast. In 2007, it was estimated the company was building about 1,200 apartments each year. [2] By 2010 this figure had increased to 2,000 units. [3]
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
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In 2022 the Australian residential rental market saw an annual increase in rents of 12%, the strongest increase in 14 years. Across Australia the vacancy rate was 1%, when a rate below 2% is considered very competitive with affordability constraints impacting tenants. [26] A number of sources have described the situation as a ‘rental crisis’.
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