Property

Perth house prices fell 0.4 per cent in January, according to the latest data from CoreLogic, though its figures have disguised big gains in some of Perth’s more affluent suburbs.

Early signs of recovery are starting to emerge across Perth’s CBD office market, with vacancy rates falling below 20 per cent for the first time in two years, according to the Property Council of Australia.

Perth-based building systems manufacturer Pro9 Global has completed an $8 million capital raising that will fund the construction of a manufacturing plant in Sydney.

Perth-based GM Property Group has sold its 4.1-hectare industrial site in Blackburn Victoria to east coast investment group Forza Capital for $31.5 million, on a passing yield of 6.6 per cent.

Western Australian builder Choiceliving (WA), which trades as Choice Living Homes, has been placed into administration less than one week after its building contractor registration was suspended.

Building approvals in Western Australia have dropped to the lowest levels in 16 years, according to the latest figures from the Australian Bureau of Statistics, while a new housing affordability survey has labelled the Perth housing market ‘severely unaffordable’.

SPECIAL REPORT: LandCorp is boosting land supply across Perth’s established suburbs, but it’s just a small step towards achieving long-standing goals for urban infill.

SPECIAL REPORT: Urban Quarter has taken a counter-cyclical approach in building its project pipeline, securing more than $70 million worth of freehold land developments in the past four years.

SPECIAL REPORT: Another tough year has failed to dampen the spirits of many in WA’s land development sector, with key players gearing up for a brighter 2018.

SRG Civil has been awarded a $2.3 million contract to replace a bridge in Gosnells.

Complementary objectives, skills and strategies are at the core of a new joint venture that’s aiming to shake-up the local construction industry.

Foreign investors are making their mark on Perth, accounting for more than half of the purchases in the CBD office market in the past two years, according to Savills Australia.

Domain's shares have plummeted following the surprise resignation of its chief executive, Antony Catalano, which comes less than four months after the real estate classifieds business listed on the Australian Securities Exchange.

The finishing touches are under way at the fitout for Flux’s two new floors at Parmelia House, which feature a shift away from full open plan.

ASX-listed property group Stockland is set to develop its fifth shopping centre in Western Australia after receiving state and local planning approvals for its Whiteman Edge Town Centre in Brabham.

Confidence is building among the state’s industrial property players, despite persistent market challenges.

Local developer TRG Properties has secured the largest development site at LandCorp’s urban infill project in Jolimont, with plans to build 46 luxury apartments already under way.

A Defence Housing Australia apartment project in Fremantle has become the state’s third property development to be recognised as a One Planet Community, under the international Bioregional program.

Some in the state’s property sector are confident it has turned the corner, and are expecting further signs of improvement across 2018.

Alan Thomas faced a binary choice in 2015 to either wind down his business following the slowdown of activity in the company’s prime north-west market, or reinvent his building enterprise.

Has Perth reached a turning point when it comes to high-rise?

Local aged care provider Amana Living has purchased the Settlers Meadow Springs Retirement Village in Mandurah and an adjacent parcel of land from ASX-listed Ingenia Communities Group.

The number of new gas and power connections in Western Australia fell in the year to June, an outcome of the slowing property development market, according to the Economic Regulation Authority.

The state government has announced a new board to run the Metropolitan Redevelopment Authority and LandCorp in the lead up to their planned merger, with just one board member from the MRA continuing on the new body.

The City of Fremantle has shortlisted six companies for the building contract for the civic building and library as part of the $270 million Kings Square redevelopment, while also announcing the demolition contractor for the council’s old administration building.

Perth housing prices are continuing to stabilise after three years of weakness, in marked contrast to substantial falls in Sydney and Darwin.

Accounting, auditing and advisory firm Pitcher Partners has made a move on its strategy to grow its presence in Perth by taking up residency at 12-14 The Esplanade, overlooking Elizabeth Quay.

Lydon Hollitt is planning to shake-up property advertising with a new listing platform that matches active buyers and tenants with agents and vendors at minimal marketing cost.

New research paints a more optimistic view of traditional retailers’ future following the local arrival of Amazon.

EMCO Building has cemented a strong position in the local education market, with a current pipeline of projects valued at about $100 million.

A suite of design principles tailored to improve the wellbeing of people living with dementia is shaping aged care facilities across the state.

Belmont-based labour hire and construction services business The Go2 People has been awarded a contract for the supply and installation of residential homes at the Meadowbrooke Lifestyle Estate in the South West town of Boyanup.