Property

Talk of hotel oversupply in Perth has been exaggerated, with new higher quality projects to be a welcome alternative to older and potentially obsolete hotels in the city, an industry analyst says.

Perth dwelling prices fell 1.7 per cent in the three months to March, while the average dwelling price across Australia's capital cities also fell for the first time in over three years.

WESTERN Australian property players are ramping up the rhetoric on negative gearing, warning that investors in this state would be among the hardest hit if tax breaks for making a loss on an invest

SPECIAL REPORT: International players with big balance sheets are set to change the dynamics of Perth’s apartment market.

SPECIAL REPORT: Developers are banking on a change in sentiment later this year in Perth’s challenging apartments market.

The cities of Armadale and Cockburn are renewing a push for federal funding of a $160 million new bridge linking Armadale and North Lake roads, with local jobs and a near-$300 million expansion of Cockburn Gateway Shopping Centre hinging on the commitment.

Perth's land developers have stirred debate over the merits of urban infill by questioning the findings of a report commissioned by the Property Council of Australia and the Australian Greens.

Landowners are capitalising on developer interest in the City of Melville, with neighbours joining forces to amalgamate lots and create medium-density residential opportunities close to Garden City Booragoon.

The cost to developers of connecting a subdivision or development to water supply infrastructure will be reduced by nearly 50 per cent from next month.

St John Ambulance WA will open a new training facility in the CBD, after signing a three-year lease on a Milligan Street property.

Local property bodies have come together to oppose federal Labor’s plans to make changes to negative gearing.

Growth in Perth’s housing market within the next six months has been foreshadowed in a report compiled by CoreLogic RP Data and ratings agency Moody’s.

This week, Reiwa members reported a decrease in weekly sales to 490. The overall 18 per cent decrease in sales over the week is attributed to a 19 per cent decrease in sales for houses and 34 per cent for vacant land.

Activity in Perth’s rental market was up last month, with tenants shopping around for better deals.

Aldi has opened its first four Perth stores to much fanfare across the city, ending a three-year-plus wait for the German supermarket chain to touch down in Western Australia.

The value of investor housing loan approvals has fallen to a near two-year low, adding weight to the view the Reserve Bank of Australia could cut interest rates again without fear of restarting a price boom.

Property investment company Aspen Group has announced a senior management and board shake-up, while seeking to gain more value from its Western Australian assets.

Perth-based boutique investment and development firm, GM Property Group, has made its fourth interstate asset acquisition in the last 12 months, buying an industrial property in Sydney’s Blacktown

Property developer and arts philanthropist Adrian Fini was named on Friday evening as 2016 Western Australian of the Year.

Local company PS Structures has won a contract to build serviced apartments in Menora for aged care provider Bethanie for an undisclosed sum.

Tenants willing to shift from the suburbs to the city are emerging as rare winners in Perth’s patchy commercial property market.

A Perth-based software and technology firm has developed what it believes is the city’s greenest office, both literally and figuratively.

One of the state’s top architects says the collective approach to higher-density living in Perth needs to change.

Satterley Property Group will build its largest residential estate in Victoria after purchasing 214 hectares of land in a deal believed to be worth $100 million.

This week, Reiwa members reported an increase in weekly sales to 594.

Property developer Peet has been named the successful bidder for collaboration on a $265 million residential redevelopment project with the South Australian government.

A University of Western Australia-backed plan to build a major student accommodation facility in Perth's CBD has made major progress, with a Stirling Street proposal by developer Stirling Capital getting the nod from planning authorities.

This week, Reiwa members reported an increase in weekly sales to 579. The overall 3 per cent increase in sales over the week is attributed to a 7 per cent increase in sales for houses and 1 per cent for units.

The state’s residential building sector is in line for the biggest single-year decline in building activity in its history.

A Pilbara-focused real estate agency in Victoria Park has had a supervisor appointed to its financial operations and will be wound up under orders from the Department of Consumer Protection.

The Metropolitan Redevelopment Authority has been forced to reassess its development strategy for the remaining lots of the Perth City Link, with a long-term agreement with Mirvac Group terminated today.

Boutique developer Baltinas Made has responded to demand for larger apartments at its latest Mount Street development, giving buyers the opportunity to custom-build dwellings.