Property

Construction firm Georgiou Group has won a contract to build Primewest’s $31 million multi-storey office development in Joondalup, which will be occupied by state government departments.

A Margaret River-based entrepreneur is building a first for Western Australia – a house constructed out of hemp.

Aged care and retirement living projects are replacing office buildings and apartment complexes on the drawing boards of architecture firms across Western Australia, as increasing demand for beds stokes intense competition among providers.

LandCorp is seeking businesses to populate a new industrial estate in Nambeelup, a key plank of the state government’s plan to create more than 33,000 jobs in the Peel region by 2050.

Creating a tourism precinct on the southern side of Fremantle Port has again been floated as a possibility, after the City of Fremantle put out the call for government and private sector support for its next wave of development opportunities.

Perth-based land developer Peet has sold a parcel of land in Victoria for $30.5 million, but it doesn’t expect to receive any proceeds from the deal for nearly a year.

Telstra’s administrative headquarters on Stirling Street has been sold and the new owner, a private equity player from China, plans to redevelop it into a 500-bed student accommodation facility, the second such proposal for the area.

A snap poll of residents in South Perth has revealed strong support for development in the area, despite activism against the high-rise project plans.

An embattled Perth-based developer has capped off a turbulent 2016 by selling one of its most prominent projects.

Construction will start later this week on Defence Housing Australia’s 166-dwelling Liv Apartments in Fremantle, after Georgiou Group was appointed as DHA’s building contractor.

Plans for what would become Perth’s tallest building have been lodged for approval, with Singapore’s Fragrance Group seeking to build a 62-level, 485-room hotel at St Andrew’s Church on St Georges Terrace.

A South Perth resident group claims a Court of Appeals decision to uphold the quashing of a development approval on Mill Point Road confirms the original intent of the suburb’s town planning scheme, but the developer behind the proposal says the judgement only highlights problems with development guidelines in the area.

Perth is now the only capital to record a year-on-year fall in house prices, and was the weakest-performing city in the three months to November, according to new data.

Unions have been put on notice with the revival of the Australian Building and Construction Commission, as the building sector celebrates the what it says is the return of law to the industry.

A new gloomy forecast has emerged for Perth house prices, with global economic research firm Moody’s predicting further declines in 2017.

Experienced Perth business executive Dario Amaria has spoken to Business News about his plans to revive one of Western Australia’s oldest building companies. 

Western Australians have dominated the Master Builders Association’s national awards, with the top prize of residential builder of the year going to local Adrian Zorzi, and Built Holdings and Doric

Real Estate Institute of Western Australia boss Hayden Groves says residential leasing activity continues to improve across the Perth metro area, as the central sub-region’s median rent falls to $380 per week.

Australian architects and engineers are lagging behind global counterparts in the adoption of new technology, resulting in errors, delays and lost productivity at development sites.

Sales activity was up over the week, with Reiwa members reporting an increase in weekly sales to 659. The overall 17 per cent increase in weekly sales is attributed to a 15 per cent increase in sales for houses, 11 per cent for units and 49 per cent for vacant land.

Prices in one of Perth’s newest residential enclaves, The Springs at Rivervale, are holding value better than apartments across the wider Perth metropolitan area, despite concerns of excess supply restraining capital growth.

Hotel and resorts operator Mantra Group has been confirmed as the partner for a new property at 900 Hay Street by local developer George Atzemis, following the opening earlier this month of Mantra's new Peppers Hotel opposite Kings Square.

Interior design firm Habitat1 has secured a Supreme Court injunction against its founder, Christian Formby, after he sought to transfer its domain name to a new company and set up a business called Habitat Interiors.

Western Australia's declining residential building sector will bottom out by next year, however the state government's official forecaster says the speed of any potential recovery beyond 2016-17 would be difficult to predict.

China-backed developer Zone Q Investments’ plans for a South Perth apartment tower on MIll Point Road have been rejected for a second time by planning authorities, as uncertainty over the suburb’s town planning scheme puts a cloud over future development.

Local developer Australian Development Capital is taking on one of the industry’s biggest challenges – redeveloping a historically significant property in Fremantle’s West End.

Fresh initiatives are emerging in the world of online property advertising, as the sector embraces technology to effectively market residential real estate.

The state government has used its latest cabinet meeting in Midland today to announce four deals worth $67 million to support future medical, university and residential projects in the former railway workshops area.

Building materials supplier Boral has agreed to buy US firm Headwaters Incorporated for around $US2.6 billion ($A3.5 billion), which Boral says will more than double its US business and help accelerate development of its light building products platform.

Law firm Gilbert + Tobin is the latest company in Perth to shift address, as firms with expiring leases take advantage of the most tenant-friendly market in 25 years.

Members reported a decrease in weekly sales to 564 this week. The overall 16 per cent decrease in sales over the week is attributed to a 17 per cent decrease in sales for both houses and units.

Investa Property Group has inked Perth’s largest office leasing deal for 2016, one of three new leases totalling 13,639 square metres.