Property

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.

Perth-based Pindan Capital has acquired an office in North Sydney for an undisclosed sum through a joint venture with global investment firm Starwood Capital Group and Sydney company Arrow Property Investments.

Local builder 101 Residential has amended its standard home building contract in response to the consumer watchdog’s concerns that it contained unfair terms and made false or misleading representations.

Global architect firm Woods Bagot has taken out the top prize at this year’s Design Institute of Australia WA awards for its revamp of Perth’s 19th century Palace Hotel.

Planning Minister Rita Saffioti has taken the unusual step of publicly criticising the Metropolitan Redevelopment Authority, saying she was disappointed in aspects of its handling of the $450 million twin-tower proposal and was looking to improve its transparency and accountability.

Listed real estate firm Agency Group Australia, formerly Ausnet Financial Services, has acquired three arms of struggling tech company Servtech Global Holdings for less than $1 million, while also announcing a $3 million capital raising.

Property developer Nicheliving Holdings has substantially revised its plans for a stock market float after striking a deal to give 20 per cent of the company to a Singaporean investor who recently launched a $21.4 million legal claim.

The Metropolitan Redevelopment Authority has disclosed that the majority of public submissions on the $450 million Iconic Scarborough development supported the project, but said all government agencies and utilities it consulted, with the sole exception of Tourism WA, opposed it.

Three senior government ministers faced the cameras this morning to promote plans for a new high school in Subiaco, which will link with shared public open space at the neighbouring football oval.

The Metropolitan Redevelopment Authority has rejected a $450 million proposal for two towers near Scarborough beach with the developer behind the project, 3 Oceans Property, saying the decision was a missed opportunity to show courage and vision.

BIS Oxford Economics’ latest outlook series report has delivered a stark analysis of expected demand for new houses and land across the Perth market in the near future.

ASX-listed property developer Finbar Group plans to proceed with its third apartment development at The Springs Rivervale, which will be brought to market in early 2018.

Major Perth architecture practice JCY has been placed into liquidation after being hit by the slowdown in work volumes, pricing pressures and losses on the Perth Children’s Hospital.

Speculative fit-outs have emerged as a drawcard for boosting leasing activity in the CBD.

A Perth-based construction technology company plans to disrupt the industry with a building system it claims will deliver faster, cheaper, greener and higher-quality projects.

Angelo Del Borrello’s property group Acure Asset Management has announced BP Australia as the new operator for its four regional roadhouse properties in WA, six months after the previous operator Outback Travel Centres was placed into administration.

The fate of once-thriving Perth business Habitat 1 provides salutary lessons for investors and company directors, especially those who have signed non-compete agreements.

Perth home prices have risen for the third straight month for the first time since 2014, according to the the latest CoreLogic home value index report.

Aveling Homes has been ordered by the federal court to pay $380,000 in response to the competition watchdog’s claims that it had manipulated review websites.

Listed property developer Mirvac Group has introduced a scheme to make apartments at its Latitude Leighton Beach development more affordable for first home buyers.