Property

Property managers are tapping into the growing popularity of Airbnb to provide higher returns for residential landlords facing high vacancies and falling rents in the traditional leasing market.

DEXUS Property Group is preparing to welcome its first major tenant to the largest office tower at Kings Square, with West Perth-based advertising group The Brand Agency to take a full floor in KS1.

Dogged legal action led by Fremantle-based Primary Securities has given investors in a failed Willmott Forests scheme the prospect of getting a return on their money.

National construction outfit Built Holdings will start work shortly on Charter Hall Group’s $240 million redevelopment of Raine Square, after being appointed as primary contractor.

Brookfield Property Partners’ 52-storey plan for Elizabeth Quay has been endorsed by the City of Perth, ahead of any formal assessment by the Metropolitan Redevelopment Authority.

More than 40,000 square metres of space in suburban office buildings have been vacated during the past 12 months, a result driven more by companies downsizing rather than growth in the number of firms moving to the CBD.

The Western Australian Building Commission is expanding its audit of aluminium composite panels following the Grenfell Tower fire in London last month.

Law firm Gilbert + Tobin was so pleased with the fit-out when it moved into its new Sydney offices last year, it decided to borrow heavily from those plans when it shifted to new premises in Perth.

Land developer Peet is planning to establish a joint venture with Perron Group after being named by the state government as its preferred developer for the Brabham housing project near the Swan Valley.

Robot bricklaying machines could be built and distributed worldwide by Caterpillar in the near future, after Fastbrick Robotics signed a collaboration agreement with the global machinery manufacturer.

High street retail is on its way back, with the success of Angove Street providing a model for other town centres.

A small turnaround in Perth dwelling values last month helped stave off a negative quarterly result, as the Western Australian capital continues to battle a persistently subdued market.

Plans to redevelop the Hyatt Regency Perth include a public plaza, an art gallery, a theatre and performance space, new food and beverage tenancies, a supermarket and end-of-trip facilities open to the public, according to documents to be assessed by planning authorities next week.

Cedar Woods Properties has found a buyer for a commercial development in Melbourne suburb Williams Landing, which is currently under construction and will become the Australian headquarters for Wesfarmers-owned department store chain Target.

OPINION: Sales activity expanded over the week, with Reiwa members reporting an increase in weekly sales to 657.

Perth's historic Piccadilly Theatre will be left untouched while the arcade in which it is located undergoes redevelopment, with the mall’s owners putting a proposal to revive the theatre on hold after the City of Perth refused to financially back the plan.

Western Australia’s biggest builders are facing higher insurance costs, in some cases understood to be as high as 25 per cent more, as the Building Commission moves to reduce the reliance on taxpayers to foot the bill for failures in the sector.

Property development and investment firm MGroup has added a second shopping centre to its portfolio, entering an agreement to buy Wodonga Plaza in Victoria from Vicinity Centres for $43.5 million.

Willetton Senior High School has claimed the top prize at this year’s WA Architecture Awards, while Elizabeth Quay, an arts centre in the Pilbara and the Gen Y Demonstration Housing project were among those to receive high accolades.

One of institutional property group Charter Hall’s investment funds has bought The Ship Inn in Busselton, part of a $23.2 million sale and leaseback deal with Australia’s biggest pub owner, ALH Group.

Aqua Technics has installed a free-standing composite pool on the roof of the Park Regis Hotel in Subiaco, saying this technique delivered big time savings for Cooper & Oxley Builders.

Property analyst BIS Oxford Economics believes there is limited upside for residential property in Perth and says the market has yet to bottom out, contrary to the widely held view that the worst is over for Perth homeowners.

Aspen Group has announced an agreement to sell its Spearwood Industrial Estate, leaving only a single asset in its portfolio that isn’t a holiday park or an accommodation village.

Perth entrepreneur Craig Mitchell and property funds manager Angelo Del Borrello are facing off over the future of four large roadhouses in northern WA, with the outcome having a big bearing on investors who pumped $22.5 million into four related property trusts.

WA’s biggest construction contractor, Multiplex, has extended its scope of works at AAIG’s Capital Square, having been appointed to deliver fit-out works at the office development, which will becom

Community acceptance of tall buildings has come a long way in Perth, but developers still face significant challenges in their efforts to add density to near-city suburbs.

Developers are seeking to exploit new niches in Perth's residential apartment market, with slow sales and patchy project launches likely to lead to supply issues in the near future.

Melbourne-based architecture and interior design studio Plus Architecture has opened an office in Perth office under the leadership of former Woods Bagot Perth senior associates Will Schofield and Patric Przeradzki.

Sales activity expanded over the week, with Reiwa members reporting an increase in weekly sales to 604.

Perth's CBD office market is emerging from its longest cyclical downturn since the early 1990s, according to one of the city’s largest commercial landlords.

The former operators of Quest serviced apartments in South Perth have been fined almost $59,000 for a sham contracting arrangement designed to bypass industrial relations laws.

Apartments specialist Blackburne achieved $62 million worth of sales in one weekend at its latest project in Claremont, with the results confirming strong demand for western suburbs apartments.