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.
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.
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.
The Building Commission's Building Services Board has imposed conditions on two Diploma Group subsidiaries, limiting their ability to carry out work, after the parent company fell into the hands of administrators just before Christmas.
Aged care provider Rosewood is responding to increasing demand for its services by booking $105 million in developments for its West Perth and Leederville facilities.
An Osborne Park-based building company and its nominated supervisor have been fined a combined $45,000 for negligent work that led to the roof of one house blowing off and another being badly damaged during a storm.
Satterley Property Group is closing its long-time South Perth headquarters, taking advantage of historically high levels of vacant office space to move across the river to West Perth.
OPINION: Reiwa members reported an increase in weekly sales to 418 this week. The overall 104 per cent increase in sales is attributed to a 121 per cent increase in sales for houses, 106 per cent for units and 11 per cent for vacant land.
A now de-registered Perth-based builder has been fined $15,000 and ordered to pay $3,200 in costs after he was found to have engaged in deceptive conduct.
A new code of conduct for the state’s construction sector has been hailed as a game-changer for the industry, with the potential to reduce costs across the board by 20 per cent.
BGC Construction, EMCO Building and Adco Constructions are among a number of local builders which have received a combined $48.3 million worth of contracts for work on police stations and new public schools.
An improved performance by some of the state’s miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).
Apartment specialist Finbar Group has kicked off 2017 with a fresh development application, lodging plans for its 258-dwelling, low-rise apartments project at the Golden Egg Farms site on Leach Highway in Palmyra.
Acting Premier Liza Harvey has spruiked the government’s recent move to relax the eligibility criteria for Keystart and increase the first homebuyers grant, saying it had received more than 1,100 enquiries.
Banks hiking mortgage interest rates out of cycle and failing to pass on official rate cuts are expected to dampen demand for housing this year, according to a new report.
The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.
Perth’s housing market continued to show life to round out 2016, with median house prices posting their first quarterly increase since April last year, according to property analytics firm CoreLogic.
