Property

Avari buys $15.6m Busselton Holiday Park

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The asset marks the second purchase in the private credit provider's alternative accommodation fund.

Takeover target Peet to maintain WA presence

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The company set to acquire Peet in a $1 billion deal says it intends to retain the brand and keep its headquarters in Perth.

Peet bidder Ingenia rejects $2b takeover bid

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The retirement village operator, which is set to acquire Peet, has rejected an unsolicited bid from private equity firm Warburg Pincus to buy it.

Cost holding back modular in Perth

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Industry leaders say it is cost prohibitive to build modular homes in Perth, as market acceptance grows for the construction method.

Centre’s $6m upgrade progresses

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A shopping centre in Perth's south-east is set to open its revamped hospitality section early next year, as part of a multi-million-dollar redevelopment.

Sorrento Quay building owner, ATO in dispute

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Greg Poland-chaired Strzelecki Group has failed in its appeal against a court decision, in its dispute against the tax office over millions of dollars spent on Sorrento Quay.

Chaney to lead WA Architects Institute

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The experienced architect will replace Ross Donaldson in the role following his appointment as national president.

Cottesloe home sale breaks records

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The $25 million sale of a mansion in Perth's western suburbs has broken the price record for Cottesloe and marks the largest residential deal so far this year in Western Australia.

PrivateInvest trust chased for $17.2m over Burswood apartment

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PrivateInvest Capital Securities Limited and director Mark Roberts are being chased for $17.2 million by Finito Nominees Pty Ltd over the development of an apartment complex in Burswood.

Owners allege ‘defects’ at Elizabeth Quay tower

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A strata company has launched legal action against the developer of The Towers in Elizabeth Quay, alleging defects in the apartment development.

Mortgage serviceability issues to grow: experts

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Leaders in the valuation industry say there is a direct link between the ability for people to service their mortgages and the recent increase in listings.

Perth’s house price dip ‘short, shallow’: Reardon

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The HIA chief economist says home values in the WA capital could increase again as early as next year.

Urban planner fined $4k for stalking offence

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Sergio Famiano will have a criminal record after being found guilty of pursuing another to intimidate.

Hesperia adds $13m warehouse to precinct

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An assessment panel has approved another multi-million-dollar warehouse in Hesperia's industrial centre in Hazelmere, to be occupied by a freight logistics and haulage service.

Fife to build $30m centre

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Sydney-based Fife Capital has cleared a planning hurdle to expand its Western Australian footprint after an assessment panel approved its $30 million warehouse plan.

Tests of an alternative market

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The risks and rewards of private credit in the property sector have been thrust into the spotlight.

Court rejects Caratti’s bid to block inquiry

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A WA court has rejected Allen Caratti's bid to shelve an inquiry despite the property mogul's claims he has secured financing arrangements to pay off a judgment debt.

Freo apartment advances amid dispute

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An assessment panel has approved some changes to an apartment project in Fremantle, while the applicant's boundary dispute with the neighbouring property continues.

Perth home values fall by 0.8pc

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House prices in Perth fell for the first time in more than a year in the month of August, dropping to a median of less than $1 million, according to new data.

Opferkuchs dive into BTR property venture

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The part owners of Bunbury Farmer's Markets and Gilbert's Fresh Markets are some of the individuals behind a new WA property venture developing affordable apartments.

Oceania continues Perth spend

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The Indonesian-backed group has completed its $5 million revamp of its St Georges Terrace lobby as it moves on to its Hay Street asset.

$320m OBH revamp deadline extended

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The state's peak planning body has granted Stan Quinlivan three more years to redevelop the Ocean Beach Hotel, after the proprietor parted ways with project manager Edge Visionary Living.

Centuria with 32pc profit drop, CEO changes

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The property fund has reported a drop in NPAT and an increase in its operating earnings, while it switches from its joint CEO model.

WA debutant flags Bullsbrook industrial precinct

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The Victorian property company's recent $80 million purchase of 180 hectares of land in Bullsbrook brings the total price tag of major transactions in the northern suburb this year to around $190 million.

Forrest’s $10.5m Cottesloe housing plan approved

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WA's richest man is one step closer to adding eight luxury apartments to his coastal property.

GDI revamps Perth CBD plan

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GDI Property Group has developed a new plan for its Mill Green precinct in the CBD, years after flagging a $1 billion vision for the complex.

3 Oceans to build $65m apartment

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Developer 3 Oceans is set to build a 17-storey apartment complex in an inner Perth suburb, with the project estimated to cost $65 million.

Banjo Bond’s Cosgrove expands industrial portfolio

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The property fund has purchased close to $60 million of industrial assets from Lester Group.

Ingenia inks deal to buy Peet

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The retirement village operator has agreed to buy 100 per cent of Peet's shares for close to $1 billion, following months of speculation about a sale.

Zempilas calls out Fiveight's Carillon delay

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State Liberal leader Basil Zempilas says the lack of progress with Andrew and Nicola Forrest's Fiveight on the $400 million redevelopment of Carillon City is holding Perth city back from its potential.

Perth block sold for $11.7m

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An Applecross residential block – described as the ‘final undeveloped parcel on Duncraig Road' with views of the Swan River and Perth city – has been sold for $11.7 million.

Cedar Woods, Peet with record profits

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The WA-based national land developers have both recorded strong profit, but for vastly different reasons.