Property

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.

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.

Brookfield Property Partners has used the vacant level four at 108 St Georges Terrace to showcase the latest in international office design.

Property players are recalibrating their executive teams across the city, with a series of high-profile moves punctuating new strategies in 2017.

SPECIAL REPORT: Two home-grown WA building companies are celebrating four decades in the business this year.

SPECIAL REPORT: Competition is ramping up among the state’s commercial builders, as different strategies emerge to fill order books.

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.

A Perth real estate agent who forged signatures on fake contracts to pocket $30,000 has been banned from working in the industry for 15 years.

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.

The building commissioner has put out a public warning against a local building company, saying its financial status warrants questioning.

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.

The potential to create iconic developments at Elizabeth Quay may be proving a lure too attractive to resist for Malaysian developer Victor Goh.

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.