Property

After last week’s 9% increase in reported activity, sales have retreated 7% this week back to a similar level reported a fortnight ago.

Shares in Perth-based construction and development company Diploma Group have surged on news it will sell its Quest Serviced Apartments in Rockingham and Adelaide Terrace to undisclosed buyers for a combined value of $63.5 million.

Perth’s small bar revolution is expected to extend into the east end of the CBD, driven by a wave of major commercial and hotel developments.

Food and beverage operators are leading a revival for high street retail property, with Beaufort Street, Oxford Street and Albany Highway buzzing, and depressed centres Rokeby Road and Bay View Ter

Development at Springs Rivervale is moving into overdrive, despite widespread debate over whether the area already has too many apartments.

Councils won't get a single cent of compensation for the Western Australian government's failed amalgamation plans.

Mirvac Group is on track to achieve the upper end of its earnings guidance as low interest rates fire up the housing sector.

A 12% increase in house sales reported last week lifted overall activity to its highest level since early July 2014 which is a welcome sign given the market has been on a general downward trend since that time.

Property investor BWP Trust has purchased a Bunnings Warehouse in Melbourne from Bunnings Group for about $32 million.

The state government has introduced a new rebate scheme for people who purchase a block of land in one of 40 land estates across regional Western Australia.

Home owners enjoyed another good year in 2014, with home prices rising on average almost $11,000 across the eight capital cities, however Perth prices were largely flat.

Premier Colin Barnett says the state government will turn its attention to expanding the boundaries of the City of Perth, after he conceded his plan to halve the number of local governments in the

Landscape architects are seeking to take advantage of a long-standing business model operating in the building sector to broaden their service offering and boost their bottom line.

A maturing Perth market has resulted in developers creating smaller lots and a wide range of new housing choices.

Growth in Perth’s suburbs has unveiled opportunities for the education sector, with new private and public schools set to fill gaps in the market.

Significant hurdles remain in meeting both government and consumer demand for urban infill developments.

Population growth is slowing, but Perth is still expanding and the challenges of a maturing city mean land developers are in for another busy year. The annual Special Report also includes an updated list of WA's biggest land developers.

Perth's office market remains on solid footing despite a rising vacancy rate that’s forecast to peak at 19 per cent in 2016, with pundits saying the state’s strong economic fundamentals and a small construction pipeline past 2015 will bring balance back into the sector.

Private house sales rose 13.4 per cent in Western Australia in the December quarter, the highest three-month achievement in more than a decade, new figures from the Housing Industry Association have revealed.

The next stage of LandCorp’s Claremont on the Park has been unveiled, with developer Mirvac Group launching sales for a luxury 142 apartment project today.

Two of Australia's largest property groups, Novion and Federation Centres, which together own 16 shopping centres in WA, say they will merge to create an $11 billion company.

Hospitality operators are cashing in on Perth’s love affair with the coast, with seven new beachside venues opening in the past two years and more on the way – from Trigg Beach to Port Coogee.

Canning Bridge is firming to become Perth’s next big infill opportunity.

Perth's housing construction boom is fuelling a blowout in the number of properties available for lease, with the proliferation of apartments in particular prompting the state’s top real estate group to question whether developers and government policy were providing what residents want.

When a prepared site was converted into the 77-apartment Adara complex near Cockburn in just 11 days late last year, the ‘potential’ for modular construction techniques in Perth became a reality.

The state government has been urged to consider other measures to boost revenue rather than increasing property stamp duty, which has become a significant contributing factor in the stalling residential market, according to an influential local property player.

Not surprisingly, sales activity dipped this week due to the long weekend which based on REIWA’s historic data does not happen when Australia Day falls between Tuesday and Thursday.

A new location in Bunbury will be the home of the state government’s Department of Parks & Wildlife, with up to 300 employees to be housed at a Koombana Drive headquarters.

Developers are keen to take advantage of new planning guidelines at Scarborough Beach, with the state government-backed $57.5 million revitalisation designed to encourage hundreds of millions of dollars worth of private sector investment.

Local governments are making little headway in hitting the state government’s goal that 47 per cent of new housing development be made in existing areas, according to a progress report on the planning framework, Directions 2031.

Singaporean investors are driving a flurry of offshore activity in Perth’s commercial, hotel and residential property sectors.

Final design works and construction valuations are under way for the long-awaited $70 million DoubleTree by Hilton hotel in Karratha, with building expected to begin before the middle of the year, albeit at a new location, in the Pilbara town’s CBD.