414- WA Development Interview ft. Adam Zorzi

Host Trent Fleskens interviews WA developer Adam Zorzi (Australian Development Capital) about current Perth projects and market constraints. Zorzi details the Price Street Subiaco project (31 apartments plus townhouses) enabled by excising a vacant strata lot from Pindan’s earlier stage, and discusses pricing driven by replacement cost (about $16–18k/sqm; a remaining 2x2 about $1.4m) and a shared “guest house” amenity to reduce buyers’ need for extra bedrooms. He recounts Moss Lane, Mosman Park (bought 2018; completion late Aug/Sept next year), redeveloping an underserviced shopping centre into 2,200 sqm retail with new F&B and higher-priced apartments. Zorzi says most apartment/townhouse projects don’t work due to high labor/material costs, scarce builders, and government work crowding out private development; he has pivoted to a Claremont specialist medical centre. He updates Perth Girls’ School: planning changes, exhumation of unrecorded cemetery remains, a new PBSA approval (1,100 beds) and potential social/affordable housing on northern land, with modular/offshore procurement as key to feasibility. Both discuss ongoing housing undersupply, sentiment-driven price forecasts, and the need for policy and cost solutions.