Property

SPECIAL REPORT: After 14 years of working together through the ranks at two of Western Australia’s largest construction companies, Mark Kepplinger and Mike Van Dongen decided it was time to establish their own business.

Perth house prices ticked up slightly last month but were still down over the past three months, as the national property market loses steam.

The group planning a 24-hour Puma Energy project in Dunsborough will lodge an application next week to strike out an appeal by the State Solicitor’s Office against the recent approval of the development.

Sales activity experienced a contraction over the week with REIWA members reporting a decrease in weekly sales to 488.

Cedar Woods Properties is hoping its range of competitively priced larger blocks will offer a point of difference and attract first homebuyers to its Piara Waters residential estate, according to WA manager Ben Rosser.

Property group Stockland has attracted Optus for the top floor of its office building on Victoria Avenue in the CBD, with the telco giant to also take up naming and signage rights.

Fostering a collaborative and interactive workplace culture was a key driver behind the design of RSM’s new office space at Exchange Tower.

Dale Alcock’s ABN Group has been listed as the largest residential builder in WA in the latest Housing Industry Association top 100 ranking, but more intriguing is the disappearance of long-time industry leader BGC Australia and the inaugural listing of Ventura Home Group.

The two-year saga over a proposed 24-hour Puma fuel station in Dunsborough has taken a new turn, with the Southern Joint Development Assessment Panel lodging an appeal in the Supreme Court against the State Administrative Tribunal’s ruling in favour of the development.

A new vacancy index has provided a different perspective on vacant office space across Perth’s metropolitan region.

OPINION: Sales activity experienced an expansion over the week, with Reiwa members reporting an increase in weekly sales to 583.

Striking a balance between transport corridors and urban development is the main objective of a revised planning policy that aims to mitigate road and rail noise for new residential projects.

ANALYSIS: If a full-blown mortgage crisis were to hit Australia, it will have been brought about by mismanagement at all stages of the home-loan process.

Perth residential property prices fell 0.8 per cent in the June quarter, to be down 3.1 per cent across the financial year, according to data released by the Australian Bureau of Statistics today.

The new owner of 335 Wellington Street, home to the Wellington Surplus Stores for 75 years, has lodged an application with the City of Perth to build a $70 million student accommodation building.

Recently listed tech company Servtech Global Holdings has won a contract to develop a new app for the Real Estate Institute of Western Australia.

Osborne Park-based software as a service provider Servtech Global has agreed to sell its rent roll business in two parcels totalling $1.5 million to Summit Development Corporation, part of the Summit Homes Group, and Housemart Real Estate.

Property developer Sirona Capital has today unveiled plans for the 5,500 square metres-plus retail component of its $270 million Kings Square project in Fremantle.

The Perth office of Wood & Grieve Engineers has coupled industry design software with the gaming world to create a new virtual reality tool for land developers.

The building on the corner of Wellington and Pier streets, most recently home to the Wellington Surplus Stores, and an adjoining property have been purchased in an off-market deal for $8.4 million.

A Murray Street basement once home to the pattern cutters and seamstresses of Perth fashion label Pierucci is set to become the city’s newest live music venue, The Sewing Room.

A gap in the local maintenance and minor works market has provided a business opportunity for integrated property company MGroup.

Service providers and developers are pursuing opportunities in WA’s growing aged care and retirement sector, with a pipeline of property overhauls and new builds worth more than $500 million.

Sales across Perth’s new apartments market are on the rise, with larger apartments offering premium amenities emerging as best sellers.

Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 512.

Probuild has today started construction work on Sirona Capital’s $270 million Kings Square Fremantle renewal project, which will comprise a mix of commercial office and retail space, as well as a new administration and civic centre for the City of Fremantle.

Perth house prices took another hit last month, with the median slipping 0.8 per cent as the combined value of the nation’s capital cities edged 0.1 per cent higher.

Georgiou Group has started preliminary construction work on a new $150 million direct factory outlet near Perth Airport, which will include 120 specialty stores.

Building products manufacturer Boral has been dented by the continued weak performance of its Western Australian operations, reporting lower underlying earnings and a $20 million asset impairment for its WA bricks business.

The Insurance Commission of Western Australia has today accepted an offer from Sydney-based GDI Property Group for the Westralia Square office building in the CBD, taking total proceeds from its property sales over the past two years to more than $800 million.

SPECIAL REPORT: Property groups are chasing retail opportunities in Perth’s CBD with a pipeline of upgrades and developments worth more than $250 million.

SPECIAL REPORT: Developers remain bullish on plans to evolve shopping centres into community, lifestyle and entertainment hubs.