Property

Perth's median house price is on the verge of upswing in 2017, as a stabilising labour market and surging commodity prices drive marked improvements in consumer sentiment.

Building products manufacturer Boral has maintained a solid half-year profit despite cutting 100 jobs in Western Australia last year, following a plunge in sales volumes and earnings at its Boral B

Buyers at Finbar Group’s $400 million Civic Heart project are being refunded their deposits, after the state’s largest apartment developer announced it would scale back the size of the tower because of uncertainty regarding planning rules in South Perth.

A commercial property across the road from Westfield Carousel has sold for $1.6 million, as developers continue to seek sites around the City of Canning’s planned new town centre.

Property industry bodies have entered the state election fray, with both the Urban Development Institute of Australia and the Property Council of Australia lobbying for stamp duty concessions and planning reform to boost housing affordability.

Disruptive technologies continue to gain traction in the property market, with more than 400 Western Australian agents expected to use online advertising portal HumblAbode by the middle of this year, while a Perth-based firm is taking a software platform designed to simplify back-office transactions to the ASX.

Striking a balance between CBD and suburban office markets is becoming crucial in a post-boom economy.

Sydney-based property fund manager and investment group CorVal has made a big acquisition in Western Australia, buying Northbridge office building WorkZone East from Charter Hall in a $68.2 million deal.

A company associated with Builton appears to be manoeuvring to complete two of the biggest jobs of the failed development and construction company – the Quattro on Burswood and Vue Maylands apartment projects.

Retail property syndicator APiL has added to its Perth portfolio, buying bulky goods precinct Joondalup Gate for $57.8 million.

OPINION: Sales activity was up over the week, with Reiwa members reporting an increase in weekly sales to 688.

OPINION: Sales activity contracted over the week, with Reiwa members reporting a decrease in weekly sales to 567.

Office vacancies in Perth’s CBD have peaked, according to some in the commercial property sector, with markets expected to stabilise as construction of new offices slows.

The worst could soon be over for Perth’s troubled housing market, with new data hinting at a bottoming of the downturn while warning that any recovery will likely be slow.

German supermarkets giant Aldi says it will open 14 more stores in Western Australia this year, after the debut of 19 of its outlets in Western Australia in 2016.

National Storage has spent $30 million in Perth, buying the freehold interests of two of its facilities in Rockingham and Guildford, acquiring two industrial plots, and renegotiating a lease on a S

SPECIAL REPORT: Developers are turning to wastewater recycling to ensure they can deliver lush public open space in their estates.

SPECIAL REPORT: The head of a new boutique land developer believes difficult market conditions provide the perfect opportunity for the business to make a splash in the market.

SPECIAL REPORT: Developers are working more closely than ever with Western Australian builders to provide a diverse range of housing options to cater for changing lifestyles in a rapidly evolving market.

SPECIAL REPORT: Last year couldn’t end soon enough for the state’s land developers, who are banking on a break from adverse conditions. Click through to see our BNiQ list of land developers.

The state government says it expects to reap about $300 million from the sale of all nine lots at Elizabeth Quay, with three offers being considered for the last vacant site.

Downsizing in the resources sector is outstripping emerging demand from technology, medical and education businesses for CBD office space according to a new report by independent property research firm Y Research.

The collapse of yet another Western Australian residential builder appears set to further upset the delicate state of the sector, with financiers, insurers, 350 trade creditors and as many as 130 home owners facing losses.

Perth's hotel development boom is spilling out of the CBD and into the City of Belmont, but developers are encountering issues in providing enough parking to support their proposals.

Woodside Petroleum’s impending move to its new offices has provided an unexpected visibility and branding boost, with the oil and gas company’s logo appearing on two prominent Perth CBD skyscrapers.

One of state’s biggest residential construction firms, Builton Group, has succumbed to the financial stresses engulfing the sector, appointing an external administrator earlier today after reports of the company’s financial troubles emerged last week.

The parent company of self-storage business KeepSafe Storage has announced plans to open its third facility in Western Australia, committing $10 million towards the purchase of land in Welshpool and construction of the new site.

The lure of increasingly affordable commercial rents in the CBD has drawn boutique investment advisory firm Jindalee Partners from Subiaco.

UPDATED: Residential construction outfit Builton Group is closing its doors, after staff were told not to come to work on Monday, while an announcement that the company has been placed into administration expected later today or over the weekend.

Outback Western Australia is the worst-performing property market in the nation, according to a new report by ratings agency Moody’s, which also found housing prices in Perth have fallen by 8 per cent since peaking in December 2014.

OPINION: Sales activity experienced an expansion over the week with REIWA members reporting an increase in weekly sales to 535.

The state government has received a proposal for a $1.85 billion World Trade Centre in the Perth CBD from a Middle Eastern-backed private group that includes former Perth Airport manager Neil Kidd.