Property

Real estate companies Stocker Preston and Peard Real Estate Group have entered into an informal joint venture agreement to integrate their marketing, training and administration systems.

Pindan has broken ground at TRG Properties' Marina Edge project in Port Coogee after being named the replacement builder for Diploma Group, which backed out of a $38 million development contract on Monday.

The militant construction union has agreed to pay up to $9 million to building materials company Boral as part of a "ground breaking" settlement that leaves open the possibility of further payments if the union breaches the deal.

Perth-based homebuilder Summit Homes is seeking to head off a looming shortage of bricklayers by ramping up its capacity to deliver homes using steel-framed and modular building techniques.

This week, Reiwa members reported the total number of sales has declined yet again, to 605, a marginal decrease of 2 per cent on the previous week.

Amid speculation he will be the highest-profile casualty of a ministerial reshuffle the new prime minister will unveil on Monday, Mr Hockey brought to parliament tax-avoidance measures aimed at multinational corporations, and ordered the sale of five additional residential properties unlawfully held by foreign nationals.

A development application for the first stage of Lendlease's $1 billion Waterbank project in East Perth has been submitted, paving the way for construction to begin mid-next year.

The corporate watchdog has stopped Perth-based Macro Realty Developments from promoting a Pilbara property investment that ran afoul of Australian company regulations.

Plans have been lodged for the first major project under the City of Melville's newly adopted guidelines for the Canning Bridge area, with Stirling Capital submitting an application to build a two-tower, 232-apartment development facing Ogilvie and Kishorn roads.

The family that holds a majority interest in Diploma Group has formally launched a takeover offer for all shares it doesn't own in the business, at a bargain basement price of 1.5 cents per share.

An inquiry into Western Australia's development assessment panels has recommended a more transparent process to deal with complaints regarding decisions, but has ruled out allowing third-party appeals.

Woolworths is expected to develop a supermarket on a site in Singleton, south of Golden Bay, where rival Coles was planning to build one of its stores.

This week REIWA members reported the total number of sales have declined to 615, a decrease of 9 per cent on the previous week.

The number of home loans approved in July was unchanged in Western Australia, while the national rate rose 0.3 per cent according to seasonally adjusted Australian Bureau of Statistics data.

Land developer Cedar Woods was the standout performer at last month's Urban Development Institute of Australia's annual awards for Western Australia, while Finbar Group and Lendlease also featured

Interest in apartments is again on the rise, with developers across Perth unveiling new projects as the market emerges from a significant slowdown in sales and new product launches through much of calendar 2015.

The riverside suburb of Shelley has been given the ignominious title as the second worst suburb for rental problems in Australia.

Baltinas Made has unveiled plans for a new $26 million luxury apartment project on Mount Street, in close proximity to its recently completed Halo apartments.

This week REIWA members reported the total number of sales are up again to 708, an increase of 5 per cent on the previous week.

Dwelling prices rose by an average of just 0.3 per cent in Australia's capital cities in August, with Perth being one of the poorer performers, with prices down by 1.3 per cent.

Property developer and construction contractor Diploma Group has incurred a loss for the year to June 30, reflecting a gross loss on its operating activities rather than write-downs.

Softening conditions in residential land sales are providing a mixed bag for the industry, with some of Western Australia's biggest players bolstering earnings via increased exposure in other markets, while others are holding course and pushing on in Perth.

Award-winning Pemberton winery Salitage has returned to market, but this time the vendors are receivers at Ferrier Hodgson.

Prominent developer Luke Saraceni says his development vehicle Saracen Properties is poised to unveil a wide range of new projects in coming months, on the heels of strong early sales success at its latest joint venture, a $25 million apartment building in North Perth.

reiwa.com rental listing data for the overall market for the week ending 25 August 2015 totalled 8,178.

Property developer Cedar Woods Properties expects to maintain its record profit after shrugging off disappointing sales in key mining town projects.

More apartment developments are coming to the Burswood Peninsula, with the Town of Victoria Park formally adopting guidelines to pave the way for the first stage of Belmont Park, while Finbar Group

Construction contractor Badge has raised questions over the onerous process of bidding for public private partnerships, saying the cost of tendering for the contracts are often disproportionate to the benefit of winning the works.

New apartments in Scarborough are proving popular with buyers, with a quarter of the 100 apartments on offer at Psaros's Sundance development sold in the first week of marketing.

Oil and gas producer Inpex has emerged as the last potential anchor for a significant new commercial development in the CBD, following Rio Tinto's decision to remain at Central Park.

International hotelier Hilton is continuing its march on Perth, with plans approved for a 3.5-star Hampton Inn by Hilton at Cockburn Central.

Property giant Stockland is betting on Brisbane being the place to be for the next few years, as Sydney and Melbourne's booming markets finally come off the boil and the Perth market continues to slow.