Property

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.

Long-running homebuilding brand Collier Homes will continue to operate in Western Australia, after the business was sold to local entrepreneur Dario Amara.

Plans for a $27.3 million, three-storey preparatory school at Christ Church Grammar School in Claremont have received provisional approval.

Rural house prices in Western Australia were stable in the three months to September, however Karratha and Broome had little to celebrate.

Developer Sirona Capital says it is keen to build on and enhance the fabric of Fremantle, after the state government confirmed it would shift three agencies to the port city today, paving the way for a $250 million-plus redevelopment of King’s Square.

Construction has started on the University of Western Australia’s Forrest Hall, a $16 million accommodation facility designed to attract the world’s best researchers to the state.

A community-first focus is paying dividends for shopping centre owner GPA, with its Empire Village Shopping Centre becoming a new focal point in City Beach. 

One of Australia’s best known winemaking families, the Oatley Wine Group, will open a cellar door in the Margaret River region, part of what’s believed to be the largest value sale ever for a winery in Western Australia.

Business News sat down to lunch at Julio’s with one of WA’s most successful homebuilders, Dale Alcock, who says a bipartisan political commitment is needed to drive investment and growth in the state.

Plans for an eight-storey apartment development at one of Fremantle's biggest eyesores have been knocked back because the proposal was considered too tall, despite a nine-storey building being located directly across the road.

Cockram Construction has been awarded a $23.5 million contract for the redevelopment of the Onslow Health Service.

Brisbane-based Sentinel Property Group has added Port Hedland Boulevard to its portfolio, buying the Woolworths-anchored shopping centre for $18 million.

SPECIAL REPORT: Local developer and syndicator Primewest joined the list of Western Australia’s top three office landlords following its $113 million purchase of a 50 per cent stake in Exchange Tower.

SPECIAL REPORT: Perth’s suburban office market is becoming as patchy as that in the CBD, with Joondalup and Fremantle emerging as the only upcoming opportunities for new developments.

SPECIAL REPORT: New office development is grinding to a halt, but landlords are nonetheless aggressive in attempts to attract tenants to the city.

East Perth may miss out on an expected economic boost from the opening of Perth Stadium.

Reiwa members reported an increase in weekly sales to 614 this week. The overall 2 per cent increase in sales over the week is attributed to a 23 per cent increase in sales for units and 26 per cent increase in sales for land.

Local builders Cockram Construction, Universial Constructions, Perkins Builders and Crothers Construction have shared in $37.3 million worth of state government contracts.

The state government has been forced to make a special budget allocation of $9.74 million to demolish the old Port Hedland hospital, 18 months after announcing a deal to sell the site to apartment developer Finbar Group.

Perth property developer Adam Lisle has long had a keen interest in motor racing, but it was a visit to a country club outside Las Vegas set up especially for motor sport that steered him down the path to his new business venture.