Property

The state government has failed to attract a hotel developer at Albany’s Middleton Beach, with a recent expression of interest process bringing no suitable submissions.

Apartment developer Finbar Group has bought the final stage of the Symphony City development site in East Perth from its joint venture partner Ventrade Australia for $4.5 million.

Mining services, logistics warehousing and food services firms are boosting demand for industrial property.

Perth company Parkd has struck a deal with property developer Vector Management to evaluate construction of a $9 million car park in the inner city, while the state government has announced plans for a $32 million car park at Forrestfield.

Jobs growth at Perth Airport was three times that of the CBD between 2011 and 2016 as property development in the area expands.

Jaxon has re-emerged as a major contractor in the Perth market with big plans for the near term after six decades in the business.

Housing affordability in Perth continues to improve, according to a report from CoreLogic.

The Western Australian Planning Commission is weighing its options after losing a recent appeal against a Board of Valuers’ decision.

Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market.

The Perth residential rental market continues to show signs of improvement, with the vacancy rate falling to 4.5 per cent in August, according to the Real Estate Institute of Western Australia.

The first stage of the Mojo Urban Living estate in Cockburn Central North was launched last week, offering the first terrace-style homes in the area.

For every winner there’s a loser, and so it will be the case if the $A continues its downward trajectory.

Perth house prices have fallen for a fourth straight month, after registering a 0.6 per cent decline in August, according to the latest data from CoreLogic.

The first increase in Perth’s office sublease space in almost three years is an indication of growing confidence in the market, according to CBRE.

WA dwelling approvals are 9 per cent lower than 12 months ago, although they have improved moderately in the past three months.

August property deals.

Owner-occupiers and investors increasingly look for technology and sustainability features when making apartment purchases.

Michelle Kerr, Daniel Gonzalez and Jay Standley were among the winners at the real estate industry awards held over the weekend.

The $110 million redevelopment of Forrest Chase is set to proceed unhindered after the Supreme Court granted an injunction against the owners of a neighbouring cafe, who had blocked work by head contractor Lendlease by staying open all night.

Property developer Peet has reported an increase in net profit after tax for the 2018 financial year, entering FY19 backed by a state government contract for a 220-hectare landholding in Brabham, near the Swan Valley.

North Fremantle, Claremont and West Leederville are among 12 Perth suburbs to record a growth in house price after experiencing price falls last year.

The state government today confirmed a program of demolition and land preparation works worth $33 million for the decommissioned Subiaco Oval.

Two of Western Australia’s property industry leaders, Dale Alcock and Tony Fini, have teamed up to deliver a 20-home development targeting the ‘missing middle’ in Perth’s residential market.

International real estate services company Cushman & Wakefield has been appointed as facility manager of the new Woodside headquarters in Perth, with former Knight Frank director Bret Madden brought on to lead the on-site team.

ASX-listed Transmetro Corporation, the owner and operator of the Metro Hotels group, has sold a surplus landholding adjacent to its Metro Hotel Perth on Canning Highway for $3.18 million.

SPECIAL REPORT: The reinvention of retail assets has taken centre stage when it comes to online competition, with centre owners, developers and tenants seeking to create experience-driven destinations.

SPECIAL REPORT: Investors are eyeing opportunities in the state’s retail property market.

SPECIAL REPORT: New retail property developments are driving offerings that capitalise on lifestyle needs, but five of the biggest projects are yet to push the button.

Midland Brick founder, the late Ric New, has been honoured for his influence on Western Australia’s building industry, receiving the Master Builders Association’s Robert Law award.

Adco Constructions has broken ground on SwanCare’s $55 million retirement living and aged care project at Bentley Park, which will include a new residential care facility as well as a leisure precinct.

New land sales in Perth have increased for the third straight quarter, according to new data out today, with the Urban Development Institute of Australia WA saying the results reflect rising confidence in the local market.

From a reputational point of view, Tristan Kirkham acknowledges the role played by building brokers is not as well understood as that of insurance and mortgage brokers.