Property

The Reserve Bank of Australia has cut the cash rate to 1.25 per cent, a day after CoreLogic data revealed Perth house prices continue to fall more sharply than other state capitals.

Finbar Group has lowered its profit guidance by up to $5 million for this financial year, following delays at its Vue and Palmyra Apartments Estate projects.

A major east coast homebuilder led by the former boss of BGC Residential is planning to expand its national footprint, and WA is in its sights.

James Packer has sold a $1.76 billion stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment.

Apartment developer Edge Visionary Living has added an 82-dwelling project in Subiaco to its burgeoning pipeline of works, with the firm continuing to find opportunities in a difficult multi-residential market.

OPINION: The economic pressure simmering away below the surface in many households was a key factor in the surprise federal election outcome.

Mirvac has launched a $750 million placement, with the property group eyeing the top end of its FY19 guidance and planning to lay the foundations for more success.

The Housing Industry Forecasting Group has downgraded its forecast for new house builds in Western Australia for this year financial year to a record low, tipping a 13.9 per cent decrease from its previous forecast.

The inaugural State Design Review Panel has been appointed to oversee the design quality of major new development proposals in Western Australia.

Two Perth property companies have helped shift perceptions around apartment living, with a long-running commitment to design innovation.

A handful of big, integrated, high-rise projects with a combined value of $2.2 billion will reshape the waterfront site.

Privately-owned Perth company Perron Group has added to its vast property portfolio by purchasing a 50 per cent stake in Sydney's Westfield Burwood shopping centre for $575 million.

Two commercial sites on West Coast Drive in Sorrento were sold to Megara for $9.75 million last month, and are set to be developed into luxury residential apartments.

An entity related to a developer with plans for a 146 block-estate in the suburb of Southern River has been placed into liquidation.

Central Park management has confirmed plans to refurbish the office tower's lobby and forecourt, and has said the integrity of Brian McKay's artworks will be maintained.

Commonwealth Bank-owned Bankwest is slashing its three-year owner-occupier mortgage rate as lenders chase an ever decreasing number of suitable home loan customers.

Perth’s hotel construction boom is entering its final phases, as existing and new operators adjust to a market transformed by the largest pipeline of development in Western Australian history.

Ferrier Hodgson has launched a quickfire sale of Rental Management Australia, one of 12 businesses associated with fund manager Sterling First that went into administration earlier this month.

The state’s biggest homebuilder is embracing the opportunity to grow market share under new leadership.

Administrators have been called in to 12 companies under the umbrella of South Perth-based Sterling First, which claims to have a residential property portfolio of $900 million.

WA’s commercial construction bosses remain cautiously optimistic, even as the industry reels from the longest and largest contraction of activity ever recorded.

Construction of Perth’s next premium grade office tower will commence in the middle of next year at Elizabeth Quay after Brookfield Properties and Chevron signed a 15-year sale-and-leaseback deal today.

FBR, formerly known as Fastbrick Robotics, has commenced a 50/50 joint venture with Brickworks, called Fastbrick Australia, to provide a ‘Wall as a Service' offering to the Australian market.

The number of dwellings approved in Western Australia have bucked the national trend and risen by 3.8 per cent in trend terms to reach its highest point since July, according to the Australian Bureau of Statistics’ latest data.

Our gallery of Perth's biggest construction jobs and who is doing the work, click through to view.

Security of payments has been a hot topic of debate in WA construction, as the state government considers options to protect subcontractors.

There were 666 apartment approvals in inner Perth for the 12 months to February, a sharp fall from 2,069 in the prior corresponding period, which could driven by high supply in a weak market, according to a new report.

Mirvac is trialling a rent-to-buy initiative at its Claremont by Mirvac development, joining a handful of other developers in Australia to adopt an arrangement that is common in the US and Europe.

National developer Mirvac is seeking to leverage the strength of its balance sheet to pursue new opportunities, at a time much of its competition is stifled by a lack of available finance.

Property analyst CoreLogic has suggested the worst of the residential market downturn across Australia has passed after releasing new data showing Perth dwelling prices fell by 0.4 per cent in April, taking the total decline since the market peaked to 18.4 per cent.

The Plunkett family is seeking to sell a major landholding just south of the coastal town of Guilderton, after updating development approvals to address issues that adversely affected an earlier sales campaign.

LandCorp and energy trading platform Power Ledger have unveiled a 100 per cent renewable energy residential development at East Village at Knutsford near Fremantle.