Construction of one of Western Australia’s largest tourism resorts north of Perth, the Jurien Bay Beach Resort, has been delayed by 12 months because of dust management issues.
The board of Home Building Society Ltd has recommended its shareholders accept a takeover proposal from Bank of Queensland Ltd that values the Perth-based financial services player at $592 million.
Western Australian property developer Port Bouvard Ltd has forecast profit growth in excess of $40 million this financial year following a profit slump in the 12 months to June 30.
Concerns are emerging about the implications of stage two of the state government’s Five Star Plus environmental initiative, even before the housing industry has implemented the first stage of the plan.
Several Perth-based listed property groups have announced solid profit results this month, with diversification across market sectors a common strategy underpinning their performance.
Now that Perth’s office space shortage has reached flash point, developers are pushing ahead with office developments on the city fringe to take advantage of soaring rents.
Watersun Property managing director Garry Garside’s only Melbourne syndicate, Clarke Street Pty Ltd, acquired its first asset last week, capping off a busy period for the Perth-based occupational physician.
With public consultation on a proposed Human Rights Act for Western Australia in full swing, strong support is emerging for the protection of social, economic and cultural rights under the charter.
GE Real Estate has opened its cheque book in Perth once again, snapping up the RSM Bird Cameron building at 8 St Georges Terrace this week for $27.3 million.
Hindsight is a wonderful thing according to Canal Rocks chairman David McKenzie, who has become the public face of a 22-year controversial campaign to develop land at Smiths Beach, South of Yallingup.
Roxby Architects has built a strong niche in the design sector by specialising in retail interiors, including the design of all McDonald’s restaurants and Betts shoe stores across Australia.
The City of Swan has recommended the Western Australian Planning Commission approve a 5.4 hectare expansion of Hanson Construction Materials’ Red Hill quarry North of Toodyay Road.
Employers and employees in the real estate sector will have the right to agree on commission-only payment arrangements from October 1, when the Australian Fair Pay Commission’s new piece rate Australian pay and classification scale for the sector comes in
Two new communities, dubbed Haynes and Hilbert, will spring up in the green southern locale of Brookdale early next year, when developers begin subdividing up to 1,580 hectares of land around the Wungong Brook.
Macquarie Office Trust is set to capitalise on Perth's skyrocketing office rents with the acquisition today of prominent Adelaide Terrace office building, Eastpoint Plaza, for $56.8 million.
The Great Southern town of Denmark could have a new major shopping centre next year, with Perth-based diversified property player Castelli Group and the Denmark Cooperative Company Ltd spearheading a $10 million joint venture.
Its days of pioneering land sales in Western Australia on terms of a one-pound deposit and interest-free repayments of 10 shilling per month may be long gone, but property stalwart Peet Ltd has not lost any of its entrepreneurial spirit.
Proving Perth’s office market is still on the boil, an A-grade, eight-storey office building at 1 Adelaide Terrace has just sold to institutional investors for $87 million.
Labour shortages and escalating building costs in regional and remote areas have prompted some building companies in Western Australia to seek innovative housing solutions.
Incoming Peet chief executive and former mining executive, Brendan Gore, has largely missed out on most of the boom times in the sector where he spent the first 14 years of his career.
ING Real Estate Development Australia and Lewis Land have started construction on their $81 million Wellington Central office development in West Perth, without securing an anchor tenant.
Proving Perth's office market is still on the boil, an A-Grade, eight-storey office building at 1 Adelaide Terrace has just sold to institutional investors for $87 million.
Developer of the $400 million project at 140 William Street, Cbus Property, is on the lookout for tenants to occupy the site’s office and retail space component.
Now that BHP Billiton has pre-committed to Multiplex Group’s proposed office tower on the Westralia Square site, the pool of large prospective office tenants left to pursue in Perth is limited.
The bulldozers may have left Albany’s historic Esplanade Hotel site in February, but work still has not begun on its $70 million futuristic apartment and hotel complex replacement.
Homeowners who choose to sell their properties privately are finding themselves squeezed out of cyberspace as big industry players look to dominate internet advertising.
The eastward view from Perth across the river could soon change beyond recognition, under an ambitious planning move by the Town of Victoria Park, with the Causeway precinct at Burswood the subject of plans for up to six 18-storey apartment towers.
After more than a year of intense leasing negotiations for its proposed office tower on the Westralia Square site, Multiplex Group has confirmed BHP Billiton is moving in.
The Town of Victoria Park is embarking on an ambitious town planning exercise for the causeway land at Burswood, which could see intensive mixed-use development and six residential apartment towers of up to 18 storeys developed West of Burswood Road.
An investment syndicate comprising Charter Property, Churchill Capital, Prendiville Group and Broome International Airport has appointed prominent resort builder Rapley Wilkinson to redevelop Broome's Tropicana Inn.
It’s been four years in the making, but the state government is about to roll out one of its biggest crime prevention strategies to date, and one which could change the direction of urban planning in Western Australia.
