Perth’s commercial property sector is reeling from the simultaneous downturn in iron ore and oil and gas, but the WA capital is not alone among global resources hubs.
Apartments developer Finbar Group has reached an agreement to buy LandCorp's last available plot of land in the Springs redevelopment precinct in a deal worth $6.4 million, but has not yet specified when it will proceed with the development.
Liquidators have been appointed to Crawford Property Group, with the firm becoming the second Pilbara-focused real estate player to run into strife in 2016.
Construction of some of Perth’s tallest buildings was never part of the City of South Perth’s plan to revitalise the suburb, according to Mayor Sue Doherty.
Founder and managing director of Perth-based online property portal rent.com.au Mark Woschnak has announced his immediate resignation from the business.
Commercial landlords in West Perth are coming under increasing pressure to retain tenants, as the near-city suburb’s office vacancy rate hits all-time highs.
A new dining and entertainment precinct will open late next year in the northern suburbs, featuring up to 10 new restaurants and an eight-screen cinema complex.
Perth’s residential property market may be enveloped in a cloud of doom and gloom, but the Real Estate Institute of Western Australia has released a list of eight suburbs across the city that recor
Global accounting giant KPMG and insurance group CGU have joined a host of firms searching through Perth’s 400,000-plus square metres of vacant office space for new homes.
The great Australian dream of owning a home is becoming more of a fantasy, with fewer than half of adults expected to become a home owner in the next few years.
Housing affordability in Perth improved 3.2 per cent in the June quarter amid slowing population growth and stagnant property values as Western Australia emerges from the post-resources boom slowdown.
Rental rates for residential properties in Perth have fallen by 23 per cent over the past three years, the largest fall for any major capital city since World War II, while the vacancy rate has hit a new high.
Listed Perth company Fastbrick Robotics is moving a step towards disruption in the construction industry, with the company building a commercial prototype of its truck-mounted bricklaying robot.
One of Perth’s newest office precincts is in line to get a fresh face, with Charter Hall seeking to build a second tower at Raine Square, part of a $150 million redevelopment plan.
House prices are expected to continue falling in Western Australia, with a survey of property professionals showing sentiment in WA is by far the worst of any state.
LandCorp has released design guidelines for the redevelopment of Bassendean Oval, flagging development of up to eight storeys around the Swan Districts Football Club home ground.
The state government has flagged the possibility of a broad inquiry into the use of imported building materials after confirming today that roofing panels supplied by Chinese company Yuanda to Perth Children’s Hospital contained asbestos.
Cedar Woods Properties has won its second big job for South Australian government agency Renewal SA, having been appointed to redevelop 40 hectares of land at Port Adelaide.
Governments, including local councils, and schools appear to be the biggest clients of building, construction and maintenance firm CPD Group which collapsed in May.
Building will start next year on a $600 million redevelopment of Karrinyup Shopping Centre, with construction giant Brookfield Multiplex adding the big ticket job to its portfolio of works.
Perth-based apartment developer Finbar Group has flagged a near-70 per cent fall in net profit for FY16, on the back of investment property impairments.
