Property

Nine months after GDI Property Group settled its acquisition of A-grade commercial tower Westralia Square the building’s valuation has increased by $38.75 million, an encouraging sign for the Perth office market.

Perth's dwelling prices suffered another drop in the month to June down 0.5 per cent, with units continuing to suffer larger falls compared to houses.

Hawaiian has expanded its shopping centre footprint, finalising its $22.7 million acquisition of the Newpark Shopping Centre in Girrawheen.

Design firms HASSELL, Cox Architecture and HKS have received plaudits for their work on Perth’s Optus Stadium at the 2018 WA Architecture Awards, with the sports and entertainment precinct winning the top accolade and prizes in four other categories.

Private real estate and investment firm Warrington Property has completed its $50 million redevelopment of the William Square office building in Northbridge, and has appointed agents to lease the remaining vacant space.

SPECIAL REPORT: ASX-listed company Veris has transitioned its business from the mining sector to become a diversified outfit focused on key infrastructure projects across Australia.

SPECIAL REPORT: SPH Architecture + Interiors is an industry leader in terms of workplace diversity, with its share of women employees well above the construction sector’s participation average of about 11 per cent.

Following the rejection of an initial proposal late last year, the Metropolitan Redevelopment Authority has given 3 Oceans Property the green light to progress its twin-tower mixed-use development on the corner of West Coast Highway and Scarborough Beach Road.

The state government will partially privatise title registry agency Landgate in a move expected to raise at least $640 million, with the money to be used to fund the state's share of the National Redress Scheme for child abuse victims.

Not-for-profit community services provider MercyCare has purchased five early learning centres from private operator Acacia Hill Childcare for an undisclosed sum, doubling the group’s existing sector portfolio.

Sitting empty for three decades, the old Swanbourne Hospital site has been given a new lease of life, reopening as a high-end aged care residence and function venue.

A key government advisory body has recommended the Iconic Scarborough twin-tower project be given the green light when the Metropolitan Redevelopment Authority board meets tomorrow.

Yolk Property Group, in partnership with Southern Cross Care, will develop one of the last remaining sites at the Metropolitan Redevelopment Authority’s Champion Lakes residential development, with plans for more than 100 new dwellings along with a wellness, aged care and retirement precinct.

Perth’s house values will decline for another year but are tipped to recover in 2019, a report released today has found, conflicting with an ANZ analysis from earlier this week that predicted further house price falls for the state in the next two years.

BGC Australia has kicked off its asset sale program with the listing of the recently completed Westin Perth and Aloft Perth hotels, along with an adjoining commercial office building in Rivervale, a CBD development site and a neighbouring food and beverage precinct.

After more than two decades as Sandover Pinder, the local architecture firm has changed its name to Carabiner – a rebrand its directors say better reflects the business as the link between clients’ needs and good design.

In the latest article in our 25-year anniversary series, we look at the 2006 collapse of Norm Carey’s Westpoint group and the continuing legal battles.

The latest data from the Australian Bureau of Statistics shows Perth’s house prices are down on the last quarter, while the ANZ is forecasting further house price falls for the state in the next two years.

The latest uptake of CBD-based projects could provide the shot in the arm Perth needs to boost international student numbers.

Property developers Mike Hollett and Chris Harrison have gained backing from Wyllie Group for a 250-lot lifestyle village in Northam, adding to a string of projects collectively worth about $200 million in the shire.

WestStar Industrial has secured a design and management contract for a mixed-use commercial property development in West Perth, while also announcing a $1 million capital raising.

Perth house prices have increased 6.7 per cent per annum over the past 25 years, behind only Melbourne and Sydney, with southern suburb Leda among the country’s top performing in that time, according to a study released today.

Community concern over mid- to high-density developments remains an ongoing challenge facing the state’s apartment developers.

SPECIAL REPORT: Developers are exploring alternative funding methods due to a tough property market and tight lending conditions.

SPECIAL REPORT: High-density residential developments are emerging alongside some of the state’s shopping centres, as owners seek to reposition their assets to offer more than just retail.

SPECIAL REPORT: Confidence is returning to the state’s apartment market, with developers seeking to boost their project pipelines. Click through to see our map with 30 apartments projects across Perth and our updated ranking of Property Developers.

A resurgence of heritage restoration has started to take shape across the CBD, with a number of initiatives aiming to boost renewal.

The building and construction industry is assessing a number of options to improve its practices in the wake of company collapses and unpaid contractors.

Perth house prices declined slightly last month, but are still up 1.1 per cent since February, according to the latest data from the Real Estate Institute of Western Australia.

Curtin University has expanded its presence in the Perth CBD, after signing a lease agreement for the top floor of 137 St Georges Terrace.