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.
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 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.
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
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.
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.
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.
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.
