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.
Plans for a six-storey, $4.5 million office development at the old Stockade Building on the corner of Barrack and Wellington streets have been approved by the City of Perth.
The state government’s boost to the first home owner’s grant for new houses has resulted in applications for new dwellings rising 17 per cent in October.
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.
A five-storey, 204-apartment proposal by Blackburne Property Group has been refused planning approval by the Metro West Joint Development Assessment Panel.
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.
Perth’s industrial land market is set to rebound from a subdued 2013, as Western Australia’s strong economic fundamentals attract interest from institutional investors, new research from Colliers I
Residential building approvals have hit a 25-year high in Western Australia, as record-low interest rates drive investors and first home buyers into the housing market.
Colliers International has been appointed to manage two new facilities for the Harry Perkins Institute of Medical Research which will hold a combined value of $200 million when they open next year.
