Property

The state budget will be in surplus in 2019/20, according to Premier Mark McGowan, while a $421 million expansion of the Keystart program for first homebuyers and a move to reduce red tape will be two new policies to support the local economy.

Opinion: All signs point to a tough year ahead as international trade events meet tightening credit conditions amidst falling house prices and likely changes to negative gearing.

Having sat vacant for the better part of a decade, the 111-year-old North Perth police station is again a place where lessons are learned, with EMCO Building having converted the site into an early learning centre.

FBR and Caterpillar have terminated their memorandum of understanding for Caterpillar to build and distribute FBR’s robot bricklaying machines worldwide.

ASX-listed property investment fund Centuria has acquired two adjacent industrial properties in Perth’s eastern suburbs for $23.8 million.

Subcontractors WA chair Louise Stewart has welcomed the state government’s decision to expand the use of project bank accounts (PBAs) to protect subcontractors, but is pushing for the introduction of legally binding statutory trusts.

Two retail strips in the heart of the western suburbs have reduced their vacancy rates during the past 15 months despite the rise of online shopping.

The planned sale of BGC Australia has taken another step forward with the appointment of investment bank Macquarie Capital as corporate adviser to the family-owned business.

The Supreme Court has dismissed a review application from the owner of the Canning Bridge IGA regarding a new Woolworths development in Mt Pleasant.

CoreLogic has revealed a decline in Perth house prices for November, which is at odds with the Real Estate Institute of Western Australia’s data suggesting prices increased last month.

SPECIAL REPORT: There can be wide differences between the statutory pay reported by listed companies and the ‘take home’ pay of their senior executives.

A 4,497 square metre multi-lot site in Scarborough has been placed on the market, raising the possibility for further high density residential development in the suburb.

Perth house prices have risen for the second straight month, according to new data from the Real Estate Institute of Western Australia, which released its monthly figures today ahead of market analyst CoreLogic.

The number of new homes being built in Western Australia has fallen to its lowest level since records started in 1984, with little signs of improvement predicted in the next few years, according to the latest report from the Housing Industry Forecasting Group.

Construction group Doric has clocked up another tactical win in its legal battle with the property developers it partnered with on the ill-fated Rivershores apartment project in North Fremantle.

The late Stan Perron, who passed away last Friday after building a $4 billion self-made fortune, started preparing for his succession more than 25 years ago.

Local construction company Jaxon has been awarded a $10 million contract to build a new student accommodation facility at St George’s College at the University of Western Australia.

A new $30 million hotel in Northbridge is set to open next month, with operator DoubleTree by Hilton announcing an executive team to run the facility.

Real estate developer Dexus says it has agreed to set up a $2 billion trust with Singapore's sovereign wealth fund GIC to invest in Australian logistics properties.

Western Australia has lost one of its most successful businessmen and philanthropists, with self-made billionaire Stan Perron passing away this morning at the age of 96.

Land developer Peet has continued to diversify its business after being selected as the state government's partner for a $45 million high-rise apartment project near central Perth.

Perth house prices and sales volumes are unlikely to improve significantly next year but rental rates could increase, according to the Real Estate Institute of Western Australia.

Shares in robotics company FBR have fallen nearly 13 per cent today, after more than 40 per cent of shares were voted against both the remuneration report and performance rights plan at the Perth-based company’s annual meeting.

A new report shows construction work in Western Australia has increased for the first time in five years, while warning that local industry must future-proof itself from capacity and capability risks.

Diversity is a word that typifies the progression of the Perkins Group throughout its 53 year history.

Newly built homes in Western Australia are the largest in the country, with new houses averaging 235.3 square metres and new apartments increasing in size by 8.7 per cent.

Property group Blackburne has released further details of its planned development of the Pavilion Markets site in Subiaco, with its plans including a reduced number of apartments spread across three buildings.

ANNIVERSARY SPECIAL: While half of Cedar Woods’ 30 projects are in its home state of WA, the company has taken opportunities in Victoria, Queensland and SA. This article is part of a special series to mark Business News' 25-year anniversary.

ANNIVERSARY SPECIAL: As Australia was emerging from the recession it had to have in 1991 and 1992, the commercial construction sector in Western Australia was at the tail end of a boom that would add 200,000 square metres of office space to the Perth CBD. This article is part of a special series to mark Business News' 25-year anniversary.

ANNIVERSARY SPECIAL: A return to its original branding is indicative of construction veteran Multiplex’s standing in the WA marketplace and solid client relationships. This article is part of a special series to mark Business News' 25-year anniversary.

FBR has announced its Hadrian X autonomous bricklaying robot built a full home structure in less than three days, a key technical milestone that was set by the company in 2015.

Subiaco-based Civcon Civil & Project Management has been awarded a $55 million contract as part of Golden Group’s $3.8 billion Belmont Park Racecourse development.