New figures show that 12 per cent of homes sold in the three months ending June were sold for less than their purchase price, incurring a total loss of more than $500 million.
KBR is believed to have committed to office space in the third tower at Leighton Properties’ Kings Square project alongside one of its key clients, Shell.
The institutional buy-up of Western Australia’s shopping centres continued this week when one of Australia’s best performing sub-regional centres, Bunbury Forum, was sold for $143 million to Challenger Life.
The Barnett government is understood to have picked a winner for the first two lots at Elizabeth Quay, pushing the button for the second land sale at the 10-hectare riverside precinct.
The average house price in Perth fell by about $14,000 in the September quarter, and rental prices have also eased, the Real Estate Institute of Western Australia says.
Australian capital city house values hit a record high in September, with Sydney and Melbourne leading the charge while Perth's house values fell slightly.
Australia needs to build many more houses and apartments if it wants to put the brakes on price rises and improve affordability, according to one of the country's top bankers.
ALDI’s imminent arrival in WA and continuing competition between the retail majors has sidelined many retail developers who just can’t pay the big prices Coles and Woolworths will shell out for new sites.
The arrival of a clutch of new international brands in coming years has the potential to rejuvenate the city retail sector, which has been hit by softer spending and the extended shopping hours at suburban centres.
New houses in Australia's capital cities are being built on plots of land that are up to one third smaller than 10 years ago, says industry analyst BIS Shrapnel.
Westfield Group looks set to offload its stake in two major shopping centres in suburban Perth just days after it was given the green light to increase ownership of the Karrinyup centre.
The Barnett government’s move to integrate year seven students at the state’s high schools is paying dividends for WA builders, with Emco Building the recent beneficiary of a $10.8 million construc
Western Australia’s residential property market is set for further growth in the year ahead but commercial construction is expected to soften, industry experts say.
Construction group Pindan has secured a contract to build a $17 million student accommodation facility at Edith Cowan University’s Joondalup campus, adding to its order book for student housing fun
The $30.6 million, seven-storey Lime Street development has won a major prize from the Urban Development Institute of Australia, taking home the President’s Award on Saturday night.
Perth home prices are either falling or rising, according to the latest separate analyses on the market from the Real Estate Institute of Western Australia and RP Data-Rismark.
The former boss of the collapsed Westpoint group has lost his second appeal against convictions for making misrepresentations about a residential property development in Perth.
Malaysian multinational Sime Darby Group is quitting the WA property market after putting its three hospitality assets, including the picturesque Karri Valley Resort, up for sale.
Property group Mirvac has suffered a 66 per cent drop in net profit following a massive writedown of its development projects, including a $74 million hit to the value of its developments in Wester
