Sales of new homes across Australia have jumped to a two-and-a-half-year high, adding fuel to hopes a recovery is underway in the residential construction sector.
The founder of failed property investment group Westpoint, Norm Carey, will lose his real estate agent certificate after the Commissioner for Consumer Protection took the matter all the way to the Court of Appeal.
A strong rise in house building approvals is an encouraging sign of economic growth ahead, as low interest rates continue to stimulate the housing market.
The long-hoped-for recovery in Australia's residential construction sector may finally be underway, with low interest rates driving the fastest expansion in new home building since 2005.
International resorts giant Westin will gain a foothold in Perth’s hotel market, with BGC Development unveiling a $500 million development plan for the old Perth Fire Station site on Hay Street.
Perth house blocks in new developments shrank by 9.2 per cent over the year to September, with the average size of a block sold declining to 415 square metres.
The Western Australian Cricket Association and Ascot Capital have confirmed they will no longer go ahead with a $500 million redevelopment of the WACA ground after the developers failed to hit pre-sales targets for apartments.
Design proposals for the new Perth Stadium have been received from three private sector consortia – Confidem, Evolution and WESTADIUM – with a panel to announce the successful bidder for the project in mid-2014.
Retail property in Kalgoorlie-Boulder is reeling from the flow-on effects of the mining services slowdown, with empty shops in the city’s historic heart of Hannan Street reaching decades-high level
GDI Property Group and Charter Hall have formally launched investment offers this week, giving wholesale investors an opportunity to buy a stake in two major Perth office buildings.
Higher demand for new housing is placing further pressure on the state's land supply, as a new report finds land sales are tracking at more than 40 per cent above the 10-year average.
An ample supply of industrial land coupled with softening conditions in the resources sector could lead to downwards pressure on rents, new research has found.
Diploma Group has developed a new remuneration package for managing director Nick Di Latte with a lower base pay but new performance incentives as it prepares to face shareholders at its annual general meeting next week.
The Australian Securities and Investments Commission has permanently banned a former broker from engaging in any financial services activities, following her jailing for defrauding 24 investors of more than $4 million.
Apartment developer Psaros has substantially expanded its operations after gaining financial backing from private equity investment groups Dorado and Alceon.
After a record-breaking 2012, the past 12 months have been pretty quiet for new office construction in Perth, with little significant space to be added until 2015.
AFG Property is set to proceed with construction of its $87 million Richmond Quarter apartment development in East Fremantle after appointing Pindan this week as the builder.
Property executives were the big movers in this year’s Wealth Creators list, while the resources slowdown put the hurt on mining services directors’ fortunes.
The state's housing construction market is tipped to remain at its strongest level in years on the back of a 34 per cent increase in dwelling starts in 2012-13.
Finbar Group is on the lookout for new opportunities in the Pilbara, despite selling less than half the apartments in its most recent project in Karratha.
The big gains in Perth residential property prices in the first half of 2013 have come to a screeching halt over the past few months, but the adjustment in Perth pales next to the big falls in the Pilbara.
Finbar Group has obtained planning approval to build 154 residential apartments at the Springs precinct in Rivervale, coming off an announcement last week of approval for a $170 million project in Subiaco.
