Multiple public holidays in April are considered a likely contributer to a soft housing market for the month, with Perth house prices slipping into negative territory again amid a slowdown across the country.
A major Malaysian property developer is eyeing Perth as a launchpad for an entry into the Australian market, off the back of a $14 million acquisition of a development site in Leederville.
Fresh research shows apartment residents are increasingly moving towards larger dwellings, but one of the city’s top sales executives says there remains a market for all apartment types.
National Storage REIT intends to acquire two properties in Perth for a combined $17 million while confirming plans to develop two further sites, believed to be at Yanchep and Martin.
The evolution of The Western Australian Club’s former premises at 101 St Georges Terrace is continuing, with Guylian Belgian Chocolates to open a cafe in the historic building next month.
International share registry and shareholder management firm Link Group has inked a nine-year lease at office tower QV1, taking the building’s occupancy rate past 90 per cent.
TRG Properties executive Tanya Trevisan has been elected president of the Property Council of Australia’s WA division, replacing Tony Perrin who left the role after just two months following his departure from Frasers Property Australia.
Perth’s largest apartment developer, Finbar Group, has applied to build a $350 million, triple-tower development at Canning Bridge, with the three-stage project to comprise up to 452 apartments.
Developers have a new avenue to sell vacant land in Western Australia, via a recent entrant into the increasingly crowded and competitive online property market.
Doubt has been cast over a wave of proposed apartment and hotel developments, with a patchy sales market forcing developers to apply for extensions to planning approvals for hundreds of millions of dollars’ worth of projects.
A research collaboration between CoreLogic and ratings agency Moody’s has predicted a turnaround in Perth’s depressed property market this year, with a 2.8 per cent rise in detached house values foreshadowed.
Global Construction Services hopes to gain more exposure to the commercial construction sector on the east coast through the acquisition of a Melbourne-based business for $18.4 million in cash and scrip.
Georgiou Group will build Tianqi Lithium’s new Australian headquarters, under a deal worth $17 million with the Chinese lithium miner’s head contractor, for its $400 million processing plant in Kwi
Western Australia has led the rise in national home loan delinquencies, with the state’s rate climbing to its highest on record, ratings agency Moody’s says.
TRG Properties will develop 170 apartments at Claremont Oval, after becoming LandCorp’s fourth private sector partner at its Claremont on the Park renewal project.
The offshore owners of Hyatt Regency Perth are planning a mammoth redevelopment of the East Perth hotel, with plans lodged for approval for the first stage of a three-tower residential and commercial precinct.
Office tenants are favouring properties owned by listed trusts and superannuation funds over private owners, as competition to fill vacant buildings along the terrace intensifies.
National construction contractor Probuild has added another big-ticket contract to its growing portfolio in Western Australia, having been appointed to build the $200 million NV Apartments development on Murray Street.
Perth median home values rose 1 per cent in March, according to the latest data from CoreLogic, but the Western Australian capital remains Australia’s worst-performing residential property market on an annual basis.
There may have been little growth in new home sales last month Australia wide, but Western Australia helped keep the national figures in positive territory, with an industry figure foreshadowing a bottoming-out in the state over the year.
The Real Estate Institute of Western Australia has revealed 10 Perth suburbs where properties are selling faster now than during the mining boom, with four of the top 10 in the western suburbs.