Blackburne Property Group has passed major development milestones on three of its projects, with the most significant being planning approval for what will be one of the largest apartment developments in Perth's western suburbs.
Local investors are showing increased interest in Western Australian retail assets, with the off-market sale of Northam Boulevard Shopping Centre for $14.05 million highlighting the growing demand,
Rising vacancies and falling rents in Perth's CBD office market are putting tenants in prime position to score favourable deals, while the conditions could also result in potential bargains for institutional investors.
Western Australian town planners are working at capacity, with demand for their services being driven by an uptick of activity in land development as well as the state government's efforts to boost
The building industry watchdog has launched court action against 76 workers who allegedly went on strike unlawfully at the $1.2 billion children's hospital project in Nedlands.
New hotel developments in Perth and Fremantle will add up to 2,500 rooms during the next five years, with this number potentially growing to more than 4,000 if several proposed projects go ahead.
The Environmental Protection Authority has rejected a bid to rezone land in Port Hedland which LandCorp had earmarked for its proposed $152 million Spoilbank Marina development.
Kingston International College will move its English language and vocational school to Highgate early next month, to a heritage-listed building it bought from apartment developer Finbar Group for $
Property investor and developer Aspen Group says it is likely to post a half-year loss of up to $72 million on the back of impairments on a number of its assets, including the Septimus Roe office tower in central Perth.
Perth's CBD office market is still proving to be attractive to offshore investors, with the office building at 130 Stirling Street sold to a Singaporean firm for $90 million.
The head of property developer Stockland says there is no housing price bubble and Australia remains a cheap place to achieve the dream of home ownership.
Apartment developer Finbar Group has formalised its relationship with construction firm Hanssen, while also unveiling its third project at the Springs Rivervale urban infill development site.
SPECIAL REPORT: The state government's efforts to boost housing affordability have resulted in an increase in diversity of housing options for those buying their first home, with developers saying Perth is coming of age as a modern city.
SPECIAL REPORT: Despite the state government's best efforts, developers say bureaucracy is the main barrier to getting land to market in a timely fashion.
SPECIAL REPORT: Perth's northern and southern fringes remain the hotbeds for residential land development, but short-term supply issues have hit the industry's ability to keep pace with a surge in demand.
Construction and development firm Diploma Group has been fined by the corporate watchdog for failing to comply with its continuous disclosure obligations.
Boutique development firm QUBE Property Group says the recent approval of a $20.5 million, seven-storey apartment project in West Leederville is a firm endorsement of the state government's development assessment panels.
Owners of older office buildings in central Perth are struggling to find tenants, with the latest Office Market Report showing a widening gap between premium buildings and the rest of the market.
Perth has overtaken Sydney to record the most expensive residential land value per square metre of all major capital cities, fuelling concerns that land supply is not keeping up with market demand.
West Leederville is becoming a development hot spot, with Finbar Group entering a joint venture for a $90 million apartment project located near three new commercial buildings.
