Property

A week after the Federal Court ordered a wind-up of Macro Group, the corporate watchdog has sought the same action for a number of special purpose companies connected with the failed Pilbara-based property developer.

Scentre Group is gearing up to unveil its next-generation dining and entertainment precinct at Westfield Whitford City, one of several planned upgrades to its shopping centres across Perth.

ASX-listed property valuation firm LMW has merged with competitor MVS National, with the combined entity to operate under the LMW brand.

Wangara-based building company McGrath Modular is being shut down after it was ensnared in problems associated with its Queensland owner and hit by weak market conditions in regional Western Australia.

Australia’s capital cities experienced a cooling of housing market conditions last month, with Perth unable to shake the downward trend.

New projects are helping to cement WA’s reputation as a leader in environmentally sensitive development.

Notching up 15 years in business, and managing more than $1.1 billion in combined retail rents for clients over that time, is a significant achievement in any industry.

The Federal Court has granted the corporate watchdog’s request to wind-up Pilbara-based property developer Macro Group, appointing representatives of KPMG as liquidators today.

Early works have begun on the state government’s planned redevelopment of the Shenton Park Hospital into a residential and retail precinct, with expressions of interest for the first two lots to open next week.

An improved iron ore price delivered huge boosts for mining magnates Gina Rinehart and Andrew Forrest, who were two of the three Western Australians to feature in the top 10 on the nation's best known rich list.

Five bidders have been shortlisted to build the state’s first Medihotel at the planned Murdoch Health and Knowledge Precinct, with the successful tenderer to be announced mid-year.

Adrian Fini’s development firm FJM Property is gearing up to launch the third stage of its Knutsford Precinct, near Fremantle, which was last year named as one of the best infill projects in the nation by the Australian Institute of Architects. 

Pindan Capital has booked a near-$9 million profit after selling an office building in Sydney for $22 million.

A foray into the mid-level market is paying dividends for luxury homebuilder Brian Burke Homes. 

UPDATE: Diploma Group boss Nick Di Latte says the company will continue to push forward with its proposal to revive the company and provide a return to creditors, after provisional liquidators were appointed to 20 Diploma-related entities today.

Perth-based property investment group Metro Invest has created a new class of asset, tapping into the increasing demand for space as backyard sheds and workshops disappear from the suburbs.

Aldi, JB Hi-fi and Harris Scarfe will anchor a $100 million extension of Midland Gate Shopping Centre, with construction to begin later this month.

OPINION: Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 555. The overall 14 per cent fall in weekly sales is attributed to a 17 per cent decrease in sales for houses and a 23 per cent decrease in unit sales, despite a 17 per cent increase in vacant land sales over the week.

Local builders say they’re disappointed by the state government’s decision to axe a $5,000 boost to the first home owner’s grant, with one of Western Australia’s peak housing bodies describing the

A slight improvement in economic conditions helped regional Western Australia’s regional median house price improve in the previous quarter, Real Estate Institute of Western Australia president Hayden Groves says.

Construction will start on Sirona Capital’s $270 million Kings Square Fremantle revitalisation project in August, with national construction contractor Probuild signed to carry out the works.

ANALYSIS: The fortunes of an iconic residential property developer are a pointer to the health of WA’s economy.

Engineering and construction contractor Decmil Group has sold its Osborne Park headquarters to Primewest Funds for $27.5 million.

Diploma Group has been granted a two-week lifeline to finalise its plan to provide a return to creditors of the collapsed building and development firm.

A move towards larger holdings in well-serviced industrial estates is bringing optimism to the sector.

Perth's upcoming development pipeline has a distinctly international flavour.

Prendiville Group has completed the fourth major redevelopment of a property in its portfolio in as many years, with East Fremantle’s historic Tradewinds Hotel having undergone a significant facelift.

WA’s property sector is keenly awaiting the new state government’s public transport works program. 

Scarborough’s sand dunes have gotten an 11th hour reprieve after the state government honoured an election commitment to rework planned road extensions, while businesses disrupted by a $75 million redevelopment program along the beachfront have been given a lifeline.

The cost of developing land needs to be reduced to properly address housing affordability, according to the new national chief executive of the Master Builders Association.

OPINION: Sales activity was up over the week, with Reiwa members reporting an increase in weekly sales to 725.

A third student accommodation project has been proposed for Perth’s CBD, while a Hong Kong-based developer has been enlisted to build a residential, retail and entertainment complex as part of the Metropolitan Redevelopment Authority’s latest efforts to get things moving at the Perth City Link.