Property

Plans for a major industrial hub at Forrestdale are gathering momentum, with planning approvals granted and manufacturing giant Hitachi preparing to start construction on a new $100 million headquarters.

Leading property developer Nigel Satterley has hit back at claims the first home owners grant is a policy failure, arguing the grant has provided an ongoing boost to the Western Australian housing market.

Finbar Group has repositioned its stalled Port Hedland apartment project, announcing today that it has obtained ministerial approval to build more than 700 apartments in a 10-storey tower near the town centre.

PBD Developments, formerly known as Port Bouvard, has offloaded its Bandy Creek development site near Esperance for $1.6 million, while also announcing the sale of two more apartments at its Oceani

More than 20,000 Western Australians bought their first home in 2013 in another sign of strengthening activity in WA's residential construction sector.

Apartment developer Finbar has issued half-year after tax profit guidance of about $19 million, a figure that represents a $5 million increase on the previous corresponding period.

International architecture firm Woods Bagot has unveiled the design for one of the first significant new developments at Canning Bridge – a $40 million, 34-apartment mixed use retail and commercial

A rise in home loan approvals during November means there won't be another interest rate cut, an economist says.

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.

Cooking appliance distributor Thermomix will move into a near-2000 square metre new headquarters in Balcatta later this month, coinciding with the 150,000th sale of the appliance in Aust

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.

Home values in Perth rose 9.9 per cent over 2013, to finish the year 3.6 per cent higher than the previous peak.

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.

The City of Stirling has approved a $10 million office development in Mirrabooka near one of the proposed MAX light rail stations.

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.

Stockland has announced a $116 million redevelopment of its Baldivis shopping centre with plans to quadruple the size of the centre.

The City of Perth has lashed out at the Development Assessment Panel system, saying it creates, rather than reduces, red tape in the planning approvals process.

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.

Fremantle's historic National Hotel has reopened its doors after a $3 million restoration carried out by Classic Contractors.

Property development firm Devwest Group has been given the green light for an $85 million, two-tower commercial and residential project in South Perth.

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

Karratha is undergoing a transition as more families move to town, attracted by the improved infrastructure and new housing developments.

Perth-based Cedar Woods Properties has purchased a 6.5 hectare infill site in Melbourne's south east for $23.5 million.

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.

Contractor Brierty has secured a new residential land development contract in the Northern Territory worth up to $100 million.

Perkins Builders has announced a pair of significant new contract wins, collectively worth more than $50 million.

Boutique developer Match Group has announced a shift into property funds management, with a $4 million Bunbury town centre site its first acquisition to be placed into a trust.

Perth median home prices have risen to record levels, a trend confirmed by two sets of data released today.

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.