Property

The co-founders of a successful property developer Nicheliving are mired in a legal dispute after plans to buy out key executive Danne Forte were halted when other directors questioned his financial projections.

A key supporter of the federal government in the Senate, Family First's Bob Day, is quitting parliament because of financial problems with the housing group he founded, which trades as Collier Homes in Western Australia.

The state government has committed to build, buy, or lease 1,000 homes for low-income earners and seniors, with a new social housing initiative announced today.

The state government has moved to make the development assessment process more transparent, unveiling a raft of changes to the system in response to feedback from local governments and resident gro

Veronica Macpherson’s Macro Realty Developments has had its Australian financial services licence torn up by the corporate regulator.

House prices in Perth are expected to fall by 10 per cent from their 2014 peak by June 2019, according to a new report commissioned by QBE.

LandCorp is offering to pay stamp duty of up to $100,000 to purchasers of land at 23 of its industrial estates across Western Australia, in its latest effort to stoke sales.

Elizabeth’s Quay’s newest project is a big step forward for one of Malaysia’s most prolific developers.

SPECIAL REPORT: Boutique builders are finding their bespoke approach is helping insulate them from the widespread slowdown of activity.

SPECIAL REPORT: WA builders are responding to the industry’s slowdown by giving potential homebuyers unprecedented choice.

SPECIAL REPORT: Divergent strategies are emerging as builders struggle to maintain relevance in WA’s hard-hit housing construction sector.

South Perth’s Mends Street precinct is in line for an overhaul, after the federal government committed $2.5 million towards a $7.5 million redevelopment.

Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.

Engineering construction helped overall building activity return to expansion in September.

The Housing Authority has awarded three contracts totalling $6.5 million.

Reiwa members reported an increase in weekly sales to 600. The overall 24 per cent increase in sales over the week is attributed to a 19 per cent increase in sales for houses, 36 per cent for units and 44 per cent for vacant land.

A Karratha-focused property developer that was jointly established by Boom Logistics director Terence (Jack) Hebiton has been placed into voluntary administration.

Perth dwelling values tumbled by 2.5 per cent last month to their lowest level in nine years as weak demand continued to cripple the housing sector in Western Australia.

Malaysian property group Seri Mutiara Development is planning a $100 million residential project in Perth’s southern suburbs, having bought three plots of land at Cockburn Central West.

A public art gallery and viewing platform 45 storeys above the ground will create a new tourist drawcard at Elizabeth Quay, with the latest development at the state government’s flagship redevelopment project unveiled today.

The state government has sold $1.35 billion of Keystart housing loans to Bendigo and Adelaide Bank, but the divestment wasn’t as big as it had hoped.

About one in five homes resold in Perth are done so at a loss, new data has revealed, with the city’s western suburbs among the hardest hit.

Perth-based Broad Construction Services has shared in $10.5 million worth of contracts awarded by the state government.

Japanese fashion retailer Uniqlo will open its first Western Australian store in Perth’s Murray Street Mall, with a flagship two-level shop anchoring a $6 million redevelopment of Plaza Arcade.

CBD landlords are continuing to invest in their assets to ensure they remain relevant in an increasingly competitive office market.

There are glimmers of hope emerging for beleaguered apartment developers, despite slugglish sales across Perth.

Reiwa members reported an increase in weekly sales to 554 this week.

Buyers’ agency and developer Momentum Wealth has braved Perth’s patchy apartments market with a new syndicate, raising $6.5 million from investors for a 40-dwelling project in Highgate.

Top WA land survey firm MNG is branching out to explore opportunities in the greenfields land development market on the east coast.

BGC has relinquished its spot as Australia’s most prolific home builder, but it is still the biggest builder in Western Australia, as the downturn in housing construction continues to be felt.

Perth home prices fell 1.2 per cent in the three months to June, official figures released today have shown, while the average price across Australia’s capital cities rose 2 per cent.

Perth-controlled motor vehicle stacking business Car Parking Solutions has gone into liquidation.