Mining entrepreneur Nik Zuks has put four Perth properties up for sale as he deals with the sharp slump in the iron ore market, which has slashed the value of his flagship company Bellzone Mining plc.
Construction on Chinese developer JianHe Jian Group’s $100 million residential and commercial project opposite Perth Zoo in South Perth is expected to begin later this month, after local builder JA
Woods Bagot has been ranked seventh in a list of the world’s top 100 architecture firms for the second consecutive year, with the company’s Perth studio emerging as one of its most strategically important.
Apartment developers are shrugging off concerns of oversupply in key markets, a slowing pre-sales environment and falling rental values, pushing on with plans for significant new projects, both in the CBD and suburban areas.
Commercial rents in the Perth CBD have been tipped to fall by 9.4 per cent over the next 12 months, with the Western Australian capital one of only two major Australian cities to experience a contraction in office rental values.
A surprise fall in home loan approvals in November shows the national housing market is starting to moderate and a rate cut should be on the cards early in 2015, according to the Real Estate Institute of Australia.
Apartment developers are increasingly being forced to sweeten their offering as increased supply turns the off-the-plan market largely in favour of prospective buyers.
Perth-based residential rentals-dedicated website rent.com.au is going public, unveiling a $10 million-plus plan to list on the Australian Securities Exchange via a backdoor listing through Select
Forecasting firm BIS Shrapnel has tipped the Perth office vacancy rate to peak at 23 per cent by 2018, a figure significantly higher than the expectations of the city's leading commercial property agents.
Department store chain Kmart is set to move its Western Australian distribution centre from Canning Vale to Jandakot, with plans in motion to establish a $40 million facility at Jandakot Airport.
Two major retail redevelopment projects in Cannington will move closer to construction later this week, with regulatory approval expected for a $235 million expansion of Westfield Carousel and a $2
The office building at 220 St Georges Terrace has been sold for $35 million, with a local private buyer purchasing the building in a deal brokered by commercial agency Knight Frank.
Geraldton-based builder Serena Guidice has become the first ever woman to be named National Young Builder of the Year by the Master Builders Association.
Western Australia’s biggest homebuilder and the state’s most prolific land developer say the heat has come out of the new house and land market, with home buyers set to reap the rewards of an affordability breakthrough over the next 12 months.
South Metropolitan Region MLC Phil Edman has called for an overhaul of the Department of State Development over the allocation of a prime beachfront plot of industrial land to global giant Puma Energy, which is planning to build an $80 million bulk fuel storage depot.
Local government representatives from Perth’s suburban north-west have visited Canberra in an effort to spark federal support for the growth of the region.
Perth-based surveying firm McMullen Nolan Group is focusing on rolling out its laser scanning technology across the industry, as it marks its 25th anniversary by rebranding its operations as MNG.
Property investor BWP Trust has announced plans to purchase a site in Australind, near Bunbury, where associated company Bunnings Group intends to build a new warehouse store.
The state government has purchased the former Esplanade Hotel site at Albany’s Middleton Beach for $7 million and has awarded property developer LandCorp $1.5 million to provide early work at the site.
The state government has committed to pay $7.3 million per year in fees to the manager of an accommodation village in South Hedland, irrespective of occupancy levels, after tipping in $53 million to support the original development.
